Vancouver Auto Loans, Car Loan, Credit
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  Vancouver Auto Loans
Vancouver Auto Loans are available from most banks and credit unions to purchase new and used cars, light trucks, minivans and SUVs. You may contribute a down payment, or apply for 100% of the total cost, where most dealership financing requires a down payment. With up to 7 years to pay off the vehicle, you keep your payments low and you may choose either Fixed or Variable interest rates, as well as the frequency of your payments.
Dealership financing is really just another form of loan, however the money ultimately comes from a finance company with higher rates than a personal loan from a bank.

Shop for a bank loan before you shop for a car. Many lenders grant pre-approved loans for 30-60 days. You then know your exact loan cost and can see if the dealer will beat it. If so, you're not obligated to use the pre-approved loan.

In slow markets, auto companies offer buyers cut-rate financing rebates and cash back deals. The cost of these offers is normally shared by the dealer and the automaker. Clearly, it's in the dealer's interest to try marking up the initial price to cover at least part of the incentive.

Cut rate financing can certainly look appealing, but watch for limits on the amount of the loan and it's term. Often there's a choice between the cut-rate loan and a rebate that cuts the price. Depending on how it's structured, that rebate, by cutting the price, might save you sales tax.

Be sure to research the kind of vehicle you want to buy to prevent future problems. Reading independent vehicle guides like the Consumer Reports and Lemon-Aid is a great way to learn about the advantages, dangers and problems with each car or truck model, style and year.
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