When people think of shopping around for the best interest rate it is often in conjunction with getting a return on money in a savings account, annuity or certificate of deposits. While undoubtedly this is an important undertaking, looking for the best interest rate is often critical when one is looking for a loan. Too often we find that people looking to acquire an item- whether a car, consumer good or even credit cards look to what they are acquiring with greater focus than what the merchant is charging them for the loan. In this vein, many people will be surprised just how much their “buying power” is impacted by the getting a “better rate.”  Continue reading →