Compare the rates and terms of different lenders. Most new auto loans carry 4 or 5-year terms, but you can often adjust the term to fit your needs.  A shorter term loan generally results in a higher monthly payment than a longer term loan, but longer term loans charge more interest. Overall, it's less expensive to choose a shorter term if you can afford the payments.

For more information on our auto loans, click here:  https://www.lafinancial.org/site/loans_vehicle.asp