If you have to borrow, you'll want to research loan rates in your area to find out which lenders offer the best deals. Individual rates will vary based on the amount borrowed, the term of the loan, and your credit rating, but at least you'll get a feel for the market. You can also contact your bank or credit union to see what type of rates they are offering. Pay careful attention because the rates will differ depending on the term of the loan, how much you are putting down, and whether you are planning on purchasing a pre-owned or new vehicle. If you are uncertain of your credit rating, now might be a good time to obtain one of your three FREE annual credit reports.

For the latest information on manufacturer financing and rebate offers, check the manufacturer web sites for special deals (go to Useful Car Links for a list of manufacturer sites). If you're lucky enough to have a choice between a rebate offer or special financing, use this calculator to help you determine which would offer the greatest savings.

With a handle on your trade-in's value, downpayment and financing terms, you can hone your price range with the "How much will my monthly car payments be?" calculator. Try various purchase prices until the monthly payment is in line with your budget.