Shopping for a car can be overwhelming, especially when you’re trying to figure out how to pay for it. One popular option is auto financing, which allows you to spread out the cost of the vehicle into monthly payments. To make the most of getting a loan for a car, there are a few considerations to keep in mind. From Consumer Portfolio Services to budgeting for the cost of your car, here are some steps to take before applying for auto financing.

Check Your Credit Score

The first step in getting an auto loan is checking your credit score. This number helps lenders determine whether they are comfortable lending you money, so it’s important to know what’s on your report. You can get a free copy of your credit report from each of the three major bureaus – TransUnion, Equifax, and Experian – once a year. Going over your credit report can give you an idea of whether you’re likely to be approved for an auto loan. Once you have the results, you can address any issues on your credit report that could lead to a higher interest rate or a rejection.

Set Your Budget

Once you’ve checked your credit score, it’s time to think