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2018-04-19  · Shopping for a car loan can be a challenge, so consumer reports explains the pros and cons of each type of lender and details why it’s important to get pre-approved for a car loan.

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Shopping for a car loan can be a challenge, so Consumer Reports explains the pros and cons of each type of lender and details why it’s important to get pre-approved for a car loan.

Aspects that you should pay attention to while shopping for a mortgage: Rates. It’s important to pay attention to rate trends in your state. You can see what current rates are at in your state and nationally here. Although you shouldn’t shop on the rate alone, a lower rate can save you a significant amount of money per month and thousands of dollars over the life of a loan.

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For a lower mortgage rate, knowledge is power. Here’s how to get the information you need from lenders, and how to use it to get your best deal.