| || |
Speed Up your Car Shopping Experience
Buying a car is all about decisions. You have to decide what kind of car you want, how much you can afford, and if you should buy new or used. Plus, you also have to decide whether to lease, loan, or pay cash for your new car. Here are a few tips to help you speed up your car shopping decisions:
Tip 1: Research online The internet has revolutionized the way we shop for cars. Instead of wandering onto an auto lot unprepared, you can now do all your research at home in advance. Use this site, or sites like KelleyBlueBook.com and ConsumerReports.com to read reviews, compare cars, and evaluate fair prices. When you reach the dealership, you should know exactly which car you want and how much you should pay.
Tip 2:Check your credit report and credit score Yourcredit report and credit score play a major role in determining yourauto loan and lease rates. Check your credit online before you start shopping for a car. If you have great credit scores, you'll be able to leverage your credit standing to negotiate a better deal on your car.
Tip 3: Bring your own financing Borrowers with moderate to excellent credit can often save thousands on their cars by shopping for an auto loan online. Online lenders usually offer lower interest rates and fees than traditional lending sources. Just apply online and the lender will send you a blank check to give to the auto dealer if you are approved. If you have credit problems, you should also apply for financing through a local credit union or dealership. These lending sources usually offer better terms for borrowers with bad credit.
Now you're ready to find the car of your dreams! With a little preparation before you start shopping, you can get a great deal on a new car and an auto loan.