When you go shopping for a car, online or at the dealer, you will find a range of prices. With established credit, and a reliable income, you will be able to qualify for a loan to get that special car. The car salesperson will offer to arrange financing for you, but check with Altier first! Not only will you get a low interest rate on the loan, but Altier can also determine the best monthly payment for your budget.

Beware of low financing rates that are advertised by car dealers. The offer is usually too good to be true. There are many restrictions placed on "special" interest rates. Always check with an Altier CU Representative first so that you can make sure you're getting the best loan possible. We will pre-approve you for a loan amount that allows you to go to the dealership with more negotiating power.

Without credit, you will have to look to parents or someone to co-sign on the loan. Most young adults dread having to ask parents to co-sign on a loan. It really can be a good way to start your credit. However, you have to be the one to make the payments and keep your loan current. You cannot rely on your parents to bail you out because this will reflect on your ability to repay the loan and will show up on your credit history.

While you can get a loan for your car, there are still things you need such as insurance and yearly registration, not to mention repairs. If you save a small amount every month in your share savings account, you will not have to worry about your insurance payment when it comes due, or if the unexpected "hits", you will have the money cushion to absorb these expenses.