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When Obtaining A Car Loan, Is It Better To Buy Foreign or Domestic?

When Obtaining A Car Loan, Is It Better To Buy Foreign or Domestic?

After getting approved for a car loan, a lot of people ask, “Is it better to buy a foreign car or domestic?  Our answer is always, “Whatever car makes you happy.” Although you can have any car you want, after getting approved for your auto loan, lenders do tend to provide more favourable car loan terms and interest rates to those individuals who choose a newer, domestic vehicle with with low kilometers and therefore still under the original manufacturers warranty.  The reason for this is simple, if you choose an older vehicle with higher kilometers the chances of it breaking down are greater, creating repair costs that may be a tremendous burden.  Something to think about…

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