TopoliMotors: Financing Your Car

The vast majority of cars aren't bought by consumers at all; they're purchased by banks. Very few buyers pay cash outright. The rest either borrow or lease a car from a bank, an automaker's finance arm, or a credit union. Shopping for a loan isn't as fun as shopping for the car itself, but it's not as difficult as securing a mortgage, either. We recommend that you shop around for a loan before you go to a dealership.

To get the best possible interest rate on a car loan, it's important to understand two things: the current marketplace for interest rates, including different lender options and financing offers, and your personal financial situation and its possible limitations.

Car Financing Advice

  • Determine What You Can Afford

    Affordability isn't just about the car's price; it's about the cost of financing, insuring, fueling and maintaining it.

  • Shop for Loans

    After you've negotiated the car's purchase price, the only way to know if the deal you're presented with is a good one is for you to have shopped around beforehand.

  • Know Your Credit Rating

    To know what kind of rate to expect, and to head off any obstacles you may encounter, you'll need to know your credit rating. Any lender will look it up as soon as you sit down with them to negotiate a loan.


Enter loan terms to get an approximate monthly payment.

Payment: $165.75/mo