Buying a vehicle is one of the biggest purchases youll make.

If youre like most of us, youll need a loan to pay for it.

These days, Americans are shelling out a ton of cash on auto loan payments.

Young woman driving

Here are three common mistakes to avoid:

1.

Itll tell you reassuringly that its the same kind of car loan youd get from a bank.

Our team has compiled alist of creative waysyou can fatten your bank account this week.

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This is a long list, so dont get overwhelmed.

Well keep it updated as offers changes or expire.

After all, this is the deal youre stuck with, right?

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Whats done is done.

A company we like, calledMotoRefi, makes it easier than ever.

MotoRefi says itssaving the average customer $100 per month.It operates in 40 states and is expanding quickly.

These longer loans now account for 42% of all auto loans.

Honestly, youre better off buying a cheaper vehicle instead.

Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.

He has bought four cars in his lifetime, and each car was given an inappropriate nickname.

Probably not as good as youd like.

It always seems like an uphill battle to build (and keep) a decent amount in savings.

But what if your car breaks down, or you have a sudden medical bill?

Ask one of these companies to help…