Car Loans

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.