Terry, do you recommend taking out a car loan this month as interest rates may be on the increase in April?
Terry Says: Only if you need to buy a car! Seriously, it would be great to try to pay cash for the car — or at least put down a large amount of cash. One of the most unproductive things you can do is to take out a 60 month car loan, when you know you will want/need a new car in 4 years! Keep your eye out for manufacturers’ good deals — zero percent financing is still available, but you have to do some research.
Here’s one good place to check: www.RealCarTips.com.