Did you know that when buying a car,
you should prepare for 2 purchases
one for the car and the other for your
Believe it or not, you could actually save more money by getting the right
car financing instead of haggling over a great car price.
How can that be, you ask. Here’s a few reasons why.
1) When you have pre-arranged your financing, you basically have the
“cash-in-hand”. (And you know that money “talks” when you are haggling).
2) You have established your own price range and you won’t waste time
looking at cars that are out of your budget.
3) And probably most importantly, in the long run, you won’t over-spend
what you don’t have.
Where do you find the best car financing?
Since most car loans are interchangeable, what you’re really looking for
is the best price. So the best place to do your homework is right here on
the internet. Log on to 4 to 5 websites that offer car loans, fill in
their information forms, and within 24 hours, you’ll know how much you can
spend. If you don’t feel comfortable dealing with an internet based
financing company, take the information to your local bank and show them
the best offer you got. If they want your business, they’ll match, or
preferably, beat your offer.
Your other sources of car financing are the auto dealerships, credit
unions or a conventional finance company. Unconventional sources of
finance are borrowing against the cash value of your life insurance policy
or financing through a home equity loan.
The bottom line is DO YOUR HOMEWORK. Make sure your are well aware of all
the terms and conditions, and that at the end of the day, you have chosen
the financing program that best fits you.
NOW you’re ready to go look for a car.