Depending on your terms, the interest on your car loan can add up quite a bit. Your rate will depend on a few different factors, and whether the car is new or used is one of them. Rapid Finance explains why used cars typically have higher interest rates.
Tagged With car buying
Aside from a house, buying a new car is probably the most expensive investment you will ever make. It therefore pays to do plenty of research so you can get the best deal possible. This infographic contains a useful array of car buying tips that take you through every step of the process - from planning your budget and arranging a loan to trading in your current car and avoiding tricks in the contract.
If you're going to buy a car, be prepared to haggle. And some strategies work better than others. In a recent survey, Consumer Reports summarised the negotiation methods that work best for getting a better deal on a used car