Need a car loan to finance that car you want to buy? Do you know how to recognize when a car payment is more than you can really afford?

Well, experts in the field generally agree that you should spend no more than 20% of your net income on a car payment. Since different car loans have greatly different interest rates and fees, it is best to compare as many loan programs as you can. Knowing your credit score before apply for a loan can help you get a better rate.

Always compare different loan agreements before making a final decision. Rates and fees can be significantly different from one company to another.