If you were thinking about buying a new car, now is definitely the time to go do it. There has been no better time to buy and there may not be in the near future, dealerships are desperate for business so they have lowered prices by thousands of dollars. To make matters better for you the interest rates are still low and many companies have made it so easy to get a deal that you do not need to put money down or even pay interest for the first few months.
The harsh reality is that there may never be a better time to finance a car but you can still miss out and overpay by thousands of dollars if you are not careful. When we finance something we have to meet a few requirements by the lender to get approved. They will not approve you if you do not have a long established income that proves you can easily afford the payments each month. While it is not required that you put money down on the car loan it is smart if you do so. When you borrow money you have to pay it back with interest, so if you put down $2,000 you could be saving yourself as much as $1,000 in the long run by the time you pay the vehicle off.
If you want to get the best possible deal on a new car you need to have a good credit score. Financing a vehicle is never cheap but a good score will keep monthly payments low so that you can easily make them and save money. It will also help lower your insurance rates and that means you can save thousands of dollars a year. If your score is too low to get you a good deal and may in fact hurt you, then you need to get credit repair and fast. Credit repair will fix your score in a matter of weeks so that you can get the best deal possible.