Bad Credit Car Loan, Good Credit Car Loan, Makes No Difference... We Can Help!
|Pro:||• Dealerships can be convenient||Pro:||• Access to nationwide network of lenders|
|Con:||• If you are rejected, you are done||• competitive rates|
|• typically not competitive||• quick and easy|
|• expect high pressure||• no obligation or pressure|
|• expect big sales push for add-ons||Con:||• Not a personal service|
Car dealers love it when you tell them how much you can afford per month. This way they can keep you focused on that number while they stretch out your car loan payments to meet it. What you end up paying in total can be significantly higher than what you thought. Avoid this by focusing on the purchase price instead of the monthly payments.
Line up your financing options before you go to the dealership. Dealers make a lot of profit with car loan financing, so it is best to be non-committal while you negotiate the price of your car…who knows, maybe you’ll find a better car dealer finance offer. Remember, you are under no obligation when you apply online and this way, you’ll know where you stand before their car finance guy sits you down.
How much car can you afford?