Posts tagged ‘car dealer financing’

How to assess different car dealer finance options

Car dealer financing is one of the best options to finance a car. These loans are offered by car dealers to qualified customers in order to increase their sales. However, car dealers sometimes place hidden charges on these loans to earn additional profits. In order to avoid getting inflated loan rates, buyers should learn how to assess the best car dealer finance options using the steps below.

Step 1: Check the financing rates offered available lenders

Since car dealers are not lenders, assessment of the financing options they offer should start by checking the rates offered by lenders that are connected to dealerships. Check the loan rates offered by banks and other credit unions. Knowing the actual interest rates offered by these lenders helps car buyers to determine whether the loan rates from dealers are inflated or not.

Step 2:

How to obtain car dealer financing

Written by
Categories: Vehicle Financing

Car dealer financing is one of the convenient and faster way to obtain a loan. This type of financing is offered by car dealers increase their sales and to earn extra profits. Car buyers can either lose or earn saving from car dealership finance. This situation depends on how you negotiate with car dealers. In order to save money from this type of finance, obtain car dealership financing by doing the steps below.

1. Review the credit score you own before going through the application process. Obtain a copy of your credit report from one of the major credit bureaus. You can obtain this from Equifax, Experian or TransUnion.

2. Provide a few weeks allowance before applying for car dealership financing. Use this time to fix your credit score by paying down balances on credit. You can also correct mistakes on the credit report within this time frame.
3. Test the capacity the dealers