Auto Dealers Compete

One of the steps we teach is to get pre-approved for a loan amount prior to going to the dealership. This will help to level the playing field. I found this article that suggest the same approach. Please take this advice. There are so many lending sources available find one and get pre-approved.

The best way by far to deal with financing your vehicle purchase is to get pre-approved by your personal bank or credit union. This will give you a position of power to negotiate from. When you go into the dealership you are now basically walking in with cash and the ability to do business immediately should you so desire. Another thing it gives you is the ability to play the lenders against each other to get a better rate. Many times the dealer may offer you a better rate by as much as two percent just because of the volume of business they do.

How To Buy A New Car Without Being Taken For A Ride

technorati tags:New Car Financing, car

This entry was posted on Wednesday, August 2nd, 2006 at 4:29 am and is filed under New Car Financing . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.