Car loan tips give certain general precautions that a customer needs to take while drawing a car loan. It is important that the car loan be taken with sufficient care. The worst that can happen if care is not taken is that your car is repossessed. Will you want your dream car to go thus? If not, the following car loan tips are for you.

· Determine your financial situation :
A proper understanding of ones financial condition is very important. You are thinking of buying a brand new Mercedes, but you do not have sum sufficient to meet your basic needs. This shall not be the situation. Lending agencies too will check your repayment capability before making the decision of lending. Decide the amount of car loan that you will need. Car loan calculator may be used to check the approximate monthly repayment that will have to be paid.

· Decide which car you want :
The decision of the model and make of car is also important. You have always dreamt of a Sedan. But while planning to buy a car, you better come on the ground. Select a car which you will be able to purchase. Choose your car on the basis of all criteria- mileage, performance, style. Try to get the optimum mix of everything. Also decide if you want used car or a new car. We offered both used car loan and new car loan.

· Do your homework :
Before visiting any lender for car loan, do your homework well about the car loan. If you have access to any expert, then you must get a good overview of the car loan market. If not, then the web has extensive resources on car loans. Understand the interest rate and methods of interest payment. Also gain information on other aspects of car loans.

· Go to the car dealerships :
There are numerous car dealerships in the US. Customers, with an increased bargaining power, must use it to get the best of deals.