How to Successfully Reduce the APR on Your Car Loan

reduce the APR on your car loan

If you’ll soon be in the market for a new car, or have already started looking (and you absolutely must get a car loan) one of the best things you can do for yourself is focus on getting the lowest APR rate possible, which will surely save you an abundance of money both short- and long-term. Here are a few solid tips on how to lower APR on a car loan.

Practice Patience

It can take a while for you to find the perfect car, save up a sizable down payment and do everything else you can to set yourself up for success. For that reason, it’s not unusual for it to take as long as six months for some to complete the car financing process. One reason for this is that some buyers prefer to spend some time getting their credit score up as high as possible . . . → Read More: How to Successfully Reduce the APR on Your Car Loan