Many people plan to apply for the best car loans for months or even years. However, other people take such offer impulsively without even planning at all! One maybe lured to buy the car right away after a very effective sales talk done by an agent. After all, a very low monthly amortization offered can be very tempting. But you must not only consider the monthly interest rate but the total amount that you need to pay over time. Obviously, low monthly due means longer term of payment as well. Paying interest for a longer period of time can be more costly on your part.
Moreover, you must not grab the first best loan (or parimad laenud” for Estonians) offer that knocks on your door. You need to compare the rates offered by various lending companies. Be mindful on the terms of its payment as well. This may mean reading very long information but you will surely be rewarded for your effort. Reading the loan’s fine prints will allow you to identify its limitations. If something is unclear to you, ask the agent to explain it. This way, you will be able to understand everything about the loan before you make your final decision.
Remember that there are a lot of lending companies in the market these days. Hence, do not just settle with only one company. Search the net if you need to and list down all the companies that offer a good rate. Compare their rates and pick the one with the best payment terms.