Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Dealership Auto Financing - a Little Bit of Smartness Can Help You a Long Way

By Rock Watson Subscribe to RSS | January 17th 2012 | Views:
loading
 
  



Every business survives itself on profit!

Dealers are in for business. They are also trying to earn their bread like everyone else. So, don't think that availing loans from them is a bad idea.

You might think that it is risky to buy a car from dealers. There are chances of buying a lemon or salvaged car. But, don't worry about the quality of cars. Most of the cars are bought from wholesale auctions. So, often the cars are new and are driven for lesser distance. All you need is a little bit of caution to find that perfect car.

Dealers are not bankers. They have tie-ups with finance companies and banks and work for a commission. Also, few automobile manufacturers have their own finance companies. Dealers can also help you avail finance from such captive finance companies.

It is not mandatory for you to avail auto loans from a dealer. This is just a service offered by dealers and you can reject it any time.

Generally, banks won't even touch your application if it mentions bad credit score. But, dealers are quite liberal in that sense. They finance bad credit borrowers and those with past bankruptcy as well.

Before you go to a dealer, it is necessary to work out a budget. It will be beneficial if you also have a vague idea about the type of car you want to buy.

You should be prepared for a great deal of marketing. The salesman will want you to believe that he is offering the best deal and you will not get any deal better than this.

Once you reach the dealer's lot, be alert. You must never tell the dealer how much you want to spend on monthly payments. Don't tell him about the trade-in until you have negotiated the price. If you do so, he will deduct the trade-in car's value before only. You will lose chance of any further bargain.

You must remember that everything is negotiable and you must negotiate your interest rate, loan term, conditions and rules, rebates, down payment, etc. Don't forget to ask about pre-payment penalty. You shouldn't sign until you're satisfied about each and everything.

Be wary of add-ons. They might be absolutely unnecessary. All these add-ons won't do anything other than increasing your auto loan amount.

Rust protection, undercoating, paint protection, etc. are already applied at the factory. So, you need not pay the dealer for all this. It is better if you do it on your own.

Don't pay the "Dealer Prep" fee. This is charged just to take off the plastic and prep the car for you. You can do that on your own. This will save some $300 for you.

You also don't need to buy expensive anti-theft system from the dealer. You can get it installed from a shop at a lesser price.

So, while availing dealership financing, you must be smart and not let the dealer increase the purchase price. Once you understand your needs, you will be able to say no to unwanted schemes and offers.

Dealers try to offer you everything under one roof. Take advantage of it. You are no longer required to visit several lenders. This is very large benefit compared to all the bargaining.

Don't consider all this a hassle. Instead, consider it as a game. Take it as an opportunity to experience and explore something new. You will win if you save and the dealer will win if you don't negotiate.

So, go out there and win the game. All the best!

Rock Watson - About Author:
About Author :

RapidCarLoans.net is always available to help you with your car loans needs. Our huge network of dealers/lenders will not stop until you have a car of your own. Apply now to get rid of your financial woes.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/dealership-auto-financing-a-little-bit-of-smartness-can-help-you-a-long-way.htm

Related Loans Articles Subscribe to RSS

How to win the right auto insurance packages in New Hampshire
Published by Alabamaauto Insurances on January 17th 2012 | Finance
Auto insurance is definitely a necessity to anyone who owns a car in the modern day. If at all you ...
 
New York auto insurance attract high rates
Published by Alabamaauto Insurances on January 17th 2012 | Finance
Residents of New York are some of the people who have to pay high rates in auto insurance policies. ...
 
Maryland the state of expensive auto insurance
Published by Insuranceindian Aauto on March 5th 2012 | Finance
Maryland is famous for its expensive auto insurance unlike other states; the state is rated as the t...
 
Top tips for better auto quotes
Published by Auto Insurances on January 14th 2012 | Finance
Type of vehicles that you choose to purchase will influence the premium costs big time. Apart from t...
 
Finding cheap Arizona auto insurance
Published by Auto Insurances on January 13th 2012 | Finance
Let’s not take more risks with our valuable autos. While applying for Arizona auto insurance make ...
 
How to get low cost auto insurance Connecticut?
Published by Auto Insurances on January 16th 2012 | Finance
Who doesn’t want to save money in such high period of inflation? Of course everyone does. But, whe...
 
Bad credit auto loans with no money down. It is possible.
Published by Fastrack on May 17th 2012 | Loans
People often interpret as getting an auto loan as soon as they apply it online. Fastrackautoloan spe...
 
In Nevada information about auto insurance is crucial
Published by Alabamaauto Insurances on January 17th 2012 | Finance
It’s not very hard to get cheap rates for auto insurance in the state of Nevada as there are a lot...
 
Getting best deals on cheap auto insurance in Nevada
Published by Alabamaauto Insurances on January 17th 2012 | Finance
There are hundreds of resources that can help you to win that much desired cheap auto insurance in N...
 
Maine- Just where to get the best auto insurance
Published by Insuranceindian Aauto on January 14th 2012 | Finance
If at all you are seeking auto insurance in Maine, then auto insurance Maine is the best option for ...
 
Its possible to have low cost Alabama auto insurance
Published by Alabamaauto Insurances on January 14th 2012 | Finance
It’s possible to have low cost auto insurance Alabama especially if they search online for such of...
 
Securing your vehicle with Arkansas auto insurance
Published by Auto Insurances on January 14th 2012 | Finance
Who doesn’t want his or her vehicle to be secured from every kind of accident or incident? Of cour...
 
Comparable New Mexico auto insurance rates requires a keen eye
Published by Alabamaauto Insurances on January 17th 2012 | Finance
New Mexico has many sources of information regarding the best auto insurance quotes which includes t...
 
Availing benefits from cheap California auto insurance
Published by Auto Insurances on January 14th 2012 | Finance
In this period of inflation who doesn’t want to save money? Every one seeks to save money from eve...
 
Getting the best Georgia auto insurance
Published by Auto Insurances on January 17th 2012 | Finance
As the state of Georgia is very notorious for having a big number of car accidents and also incident...
 
Looking for the best Colorado auto insurance quotes
Published by Auto Insurances on January 16th 2012 | Finance
There are many Colorado auto insurance companies that are offering great deals for insurance policie...