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I want to finance a car but am unsure as to how financing works. Can someone explain it to me?

I have a very good credit score. I am in need of a car right now, but cant pay for it all at once. I got some advice from someone to finance a car. What exactly is financing?

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  1. Financing is simply getting a loan to pay for your car. The financing is usually arranged by a car dealer with his finance companies or banks, but you can arrange your financing at your own bank or credit union. Your credit score is important to getting the best interest rate. But it is also necessary to have an income and no excessive debt. You might find the following article useful: http://www.firstcarguide.com/finance/auto-loan-basics.html .
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