Whats the best way to finance the purchase of a new car?
LISI de BOURBON, AP Business Writer. Associated Press Copyright Associated Pres Q: I’m planning to buy a new car. Am I better off borrowing money for the deal from a credit union, bank or the manufacturer? A: Your objective is find the source offering the best interest rate. “The first mistake people make is thinking there’s an easy way to find the cheapest rate, because there’s not if you really care about your money,” said Remar Sutton, author of “Don’t Get Taken Every Time: The Ultimate Guide to Buying or Leasing a Car in the Showroom or on the Internet.” Sutton, also the president of the not-for-profit Consumer Task Force for Automotive Issues, said that in many instances, the difference between the highest and lowest interest rate on a car loan can run into the thousands of dollars. Consumers should get bids from at least two banks or credit unions, as well as one from the manufacturer, said Robert Gentile, manager of Consumer Reports’ New Car Price Service. Shoppers might also co
