Line up financing before car shopping
Posted on | January 24, 2010 | 1 Comment
Many new car buyers are tempted to take the first credit-card company loan offer that comes their way — or even turn to dealers for financing. To financial specialists, both are real no-nos.
According to Terry Jackson of Bankrate.com, a buyer should have financing BEFORE ever setting foot in the showroom. That’s because the interest rate most dealers offer simply can’t match up to what you can find on your own.
And while a credit-card company may appear to offer a good rate, it’s always advisable to shop around for the best APR possible. The first step: looking up one of the many auto loan providers online. Almost all sites allow you to make rate comparisons — and some will even make you multiple financing offers. .
View full post on DrivingLeads
Comments
One Response to “Line up financing before car shopping”
Leave a Reply
January 25th, 2010 @ 12:51 pm
Lining up credit before shopping for a vehicle is great if you have good credit. But if you have bad credit most bank and credit unions don’t handle special financing. Dealerships can help you when you have bad credit.