1
00:00:03,520 --> 00:00:05,674
Gah! Another breakdown.

2
00:00:05,674 --> 00:00:07,603
I really need to just buy a new car.

3
00:00:07,603 --> 00:00:09,944
I wish someone would loan me the money.

4
00:00:11,440 --> 00:00:15,589
Welcome to Loan Land, where wealth 
beckons, and interest peaks! 

5
00:00:15,589 --> 00:00:17,815
Whoa, that’s a whole lot of treasure!

6
00:00:17,815 --> 00:00:20,571
Uh, one car loan please?

7
00:00:20,571 --> 00:00:22,000
Not so fast!

8
00:00:22,000 --> 00:00:25,088
Before taking a loan, one should always shop around.

9
00:00:25,088 --> 00:00:26,720
Try to find the best interest rate,

10
00:00:26,720 --> 00:00:31,040
the best loan terms, the lowest fees 
and the best repayment options. 

11
00:00:31,040 --> 00:00:34,240
Also be aware that there are different types of loans. 

12
00:00:34,240 --> 00:00:36,938
A fixed-rate loan may have a higher interest rate,

13
00:00:36,938 --> 00:00:40,029
but the payments will be consistent, 
and easier to budget for.

14
00:00:40,029 --> 00:00:44,894
An adjustable-rate or variable-rate loan
may offer a lower interest rate to start,

15
00:00:44,894 --> 00:00:48,973
but your monthly payments might increase 
as the interest rate fluctuates

16
00:00:48,973 --> 00:00:50,880
So, what are your rates like? 

17
00:00:52,320 --> 00:00:54,630
OK, I’ll shop around.

18
00:00:54,630 --> 00:00:57,150
I think the rates are lower at my credit union.