Shopping for your auto loan
Purchasing a vehicle is a big decision, and one that comes with many choices. Many consumers choose to focus most of their energy on deciding which vehicle to buy, what features to include, and how much to pay; however, shopping for an auto loan is just as important. This program can help consumers take control of their auto loans by teaching them about planning for an auto loan, exploring loan choices, negotiating loan terms, and understanding how to close loan deals.
It is important that consumers who intend to purchase automobiles have accurate and reliable information about the true costs of auto loans, where they can look for financing, and their rights as borrowers. The CFPB auto loan shopping sheet can also be used as a tool for consumers to compare loans. Through this education, consumers can be given the tools to negotiate loans that serve their best interests and set them up for a successful future in auto ownership.
The Community Partnership Guidebook for Libraries was developed with the help of librarians to help identify and build partnerships in every community. It includes a list of national organizations with local affiliates, as well as suggestions of city, county or state government agencies that might be available to present programs at your library.