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 In Dealership Financing
I will briefly discuss this here but this should not happen. If you use our recommended web sites everyone should be able to pre-qualify for financing.
However, if for some reason you are not able to get online or outside financing, then you must get your financing through the car dealer. It's not the end of the world - it's just close to it!
You must be careful. The car dealer makes big money on this and will try to give you the highest interest rate they can. Know your Credit Score AND Credit Report to protect your self.
Be sure to negotiate your financing completely separate from your car price. Determine the price for your car firstOnly negotiate one thing at a time, if you start negotiating more than one item at a time - and this is what they want you to do - you will lose and they will win - big time. then talk to them about financing.
Only negotiate the Interest Rate when talking financing at the dealership - nothing else Interest Rate only. Look at the best interest rates here at Up2Drive at the logo below.
We recommend you do not get your financing at the dealership or you may just lose all the savings you worked so hard to get on your car price.
If you have your financing arranged before you go to the dealer you are in the driver's seat.Then and only then - and after you have settled on the price of your car from the dealer - if the dealer claims they can beat your interest rate - go for it.
For the purposes of this manual and in an effort to save you as much money as possible we want you to either finance your vehicle or simply pay cash.
Bottom Line With Financing?
- Know your Credit Score and Credit Report before you step into a car dealership
- Get your financing in order and approved before you go to the dealer and begin your car search.
- Know the Monthly Payment Amount you qualify for before you go to the dealer
- Very Important - Negotiate your car price separate from negotiating your financing.
How did this Financing section go? Were you able to get your Credit Scores and Reports? Were you able to get pre-approved for your Financing? Do you know how much you will be paying monthly for the amount of loan you have qualified for?
These are all very important issues as you go about saving money on your car purchase. Would you like some help? Would you like your own CAR BUYING PARTNER?
If you have invested in the Self Service option and would like personal assistance with any of these areas you can now upgrade to the Full Service option and me or one of our other Car Buying Experts will guide you through the whole Car Buying Process.
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