<p>To<b> </b><b>find the perfect car loan</b><b> </b>is a dream of millions of people around the globe as purchasing car without financing from a creditor can be a daunting task in the current era. While getting a car loan is not very difficult, getting it on terms and conditions that do not have an adverse effect on your budget is quite tricky. However, if you are smart enough, you can work up to ensure that you get the best car deal, with a low interest rate and monthly payment. If you plan to apply for a car loan in future, follow the below-mentioned 10 tips:</p>
<p><img src="https://medusamagazine.com/wp-content/uploads/2013/12/shutterstock_143111272-600x401.jpg" alt="10 Tips to Find the Perfect Car Loan" width="600" height="401" class="aligncenter size-Correct wp-image-10803" /></p>
<h2><b>1 &#8211; Improve Your Credit Score</b></h2>
<p>If you have a poor credit score, you may still get a car loan; however, that would be at a higher interest rate and big monthly payments. Therefore, you must look to enhance your credit score if you plan to get a car loan in the coming months.</p>
<h2><b>2 &#8211; Delay the Loan</b></h2>
<p>If you are having a poor credit score at the moment, it is impossible to improve it drastically within a few months. In such a scenario, the ideal thing for you might be to delay the car loan for about a year and try to improve the credit score in the meantime, so that you get the best deals. Try to have a credit score of about 700 or higher.</p>
<h2><b>3 &#8211; Do Your Homework</b></h2>
<p>It is imperative to do proper homework before meeting a creditor or applying for a loan. Know your limitations and the monthly payments you can easily afford.</p>
<h2><b>4 &#8211; Down Payment</b></h2>
<p>If you have enough cash, try to pay maximum down payment as that would result in lower interest rates and monthly payments.</p>
<h2><b>5 &#8211; Long Tenure</b></h2>
<p>Most creditors extend the pay-off period to five years. If you wish to enjoy low monthly payments, you should go for this option.</p>
<h2><b>6 &#8211; Lesser Tenures</b></h2>
<p>It is always wise to try to pay off the debt faster to pay less amount in interest and other fees. You can opt for a lesser tenure of loan before signing the deal.</p>
<h2><b>7 &#8211; Shop Around</b></h2>
<p>It is highly recommended that you search properly for auto loan lenders in your region and see where you can get the best deal.</p>
<h2><b>8 &#8211; Negotiate</b></h2>
<p>Do not simply take what is thrown at you; in fact, you should look to negotiate and try to extract whatever you can.</p>
<h2><b>9 – Build Good Relations with the Creditor</b></h2>
<p>Whether you like it or not but personal relations do have a great impact on the deals you get. If you are in good terms with your bank manager, you may just get the best deal. Therefore, you should always try to build a solid rapport with your creditor.</p>
<h2><b>10 &#8211; Timely Payments </b></h2>
<p>Make timely payments as that will help you avoid any increase in interest rates or late payment penalties.</p>

10 Tips to Find the Perfect Car Loan
