Get Your Car Loan Before Car Shopping

Posted on August 14, 2008 by podcaster.
Categories: Money Honey, Wheels or Wings.

Eventually the only cure for a bucket of bolts is to retire the old Nelly and get a new car. The problem with getting a new car is figuring out how to pay for it. After all these years, I have figured out some of the better ways to do that.

When I have a good idea what type of vehicle I want to get and what the ballpark purchase price might be, I shop around for the car loan before I ever step foot on the dealer’s lot. It strengthens your negotiating position to have your financing arranged before haggling with the dealership. I used to go to my bank and the big finance companies to shop for a new car loan, but they have gotten harder and harder to deal with over the years.

In today’s world it is much easier and faster to go online and find a New Car Loan. On a good web site you can apply online and get approved either the same day or within 24 hours. They make it so easy to take care of your financial matters with a few clicks instead of having to drive all over town to meet with bankers, wasting a lot of gas and time.

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