The most basic thing you need to remember about all new car loans is that they are expensive not solely because of the value of the new car but because lenders offering new car loans require you to pay interest on any loan you secure. This allows the new car loans business to be profitable for the lender and keeps them afloat to stay in business. But there are ways to minimize the risks of being saddled with the bad type of new car loans which would be disadvantageous for you to agree to.
One way is to pursue pre-approved new car loans before you even look at any new cars to buy. This makes the process of shopping around for new cars much less painful for you because the new car dealers will find you to be a good risk for them to sell cars to. It also allows you to concentrate on processing your pre-approved new car loans first so that you need not waste time waiting for your loan to be approved after you have chosen your new car to buy.
Sometimes, car dealerships also offer their own brand of new car loans which can be quite competitive with the new car loans offered by the traditional lenders. However, since car dealer sales people are often required to meet a quota for selling the new car loans and any loan riders or attachments to customers, you should be prepared to encounter hard-sell tactics from these car dealer sales people and know beforehand if you should accept what they are offering or not. This means knowing your income level accurately and how much you can really afford in payments for new car loans.
If you are a special kind of customer (like college students, new college or university graduates, or someone who has never tried to buy a new car before) you might be able to avail of special promotional packages on the new car loans being offered. These special packages were created so that the car dealers can bring in fresh blood who might eventually buy more new cars, or refer the car dealers to their own social contacts. Even in the new car loans business, a reputation for fair dealing is the best calling card you can give.