You know you’ve always wanted a particular car, the one that represents success in your eyes. But optimism can change quickly to frustration when you think about how you’re going to pay for such a grand purchase. Financing your dream car does not have to be that big of a worry though. There are easy ways to finance, no matter what your credit history looks like. Here are some ideas to get you started.

Get a Loan

Have you considered a loan through your bank or another lending company? Is your credit history stopping you from receiving the loan or qualifying for the interest rate you need to keep your current lifestyle? Do your research on all different types of loans, not just through the bank. Some lending groups, like DreamLoans, offer bad credit car loans that help you finance your car, whether new or used, no matter your financial situation. Don’t be put off by your credit history; there are always options available to help you get the car you’ve always wanted. Loans types are not so black and white; you can always find a package to suit your needs and financial circumstances.

Dealership Finance

Most dealers offer finance packages when you buy a car from their lot. This could help you keep some of the money you’ve saved without emptying your bank account all at once. Often, dealers can offer you quite a decent interest rate, depending on the model you buy. If you are going to buy insurance anyway, dealerships will put a package together that includes finance and insurance; this can help you save costs because you won’t have to go through multiple sources for loans, insurance, and whatever else you may need. A dealer may even give you a better overall deal by doing one package. When looking at cars, ask the dealer about their finance options and how they can suit you.

Pay More Upfront

The cheapest way to buy a car is to pay with cash. This is a luxury that few can afford when looking at new vehicles though. Think of it this way: The longer your loan term, the smaller your repayments, but the more you end up paying in interest. You’ll be paying more over the life of the loan than the car was initially worth. It probably will not feel like it while you are paying back the instalments, but the cost will be more overall. Would it be possible for you to save the same way you currently do if you had a loan? Consider giving yourself a strict budget to save over the course of several years. In a few years, you could have enough to cover half or more of the total cost of the car while financing the rest with a smaller loan.

If you are looking for a new car, consider all of your options. What will work the best for you, your financial circumstances, and your everyday lifestyle? Speak to financial advisors about the best way to move forward.