2006-10-20 07:47:51 · 12 answers · asked by nashvillekat 6 in Business & Finance ➔ Credit
a bank. they have better rates, and the more of a business relationship you have with them, the easier it will be...go to the bank where you have the majority of your accounts and ask them to work with you.
2006-10-20 12:31:29 · answer #1 · answered by centerstage 3 · 2⤊ 0⤋
1
2016-09-26 13:52:33 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Shop, shop, shop. DON'T sign anything at the dealership until you've compare the rates AND terms. They'll tell you this offer is only good for the next hour or day. Move on if they do...there are tons of cars out there. Consider all the people with leases who are getting new leases after just one or two years in a car.
Ask for a copy of the dealers offer with the terms for payoff, if you pay late and prepayment penalties. The same goes for leasing.
Don't buy extras...especially if you haven't shopped...like extended warrenties and under carriage treatments!!!!
0% financing is great! Check with your local banks. Do this all within 14 days so it doesn't do bad things to your credit.
The F&I (finance and interest) Office is where they usually SLAM you and make most of their money. I worked in the auto sales field during the late 80s and with leasing in the early 90s - before it was 'the thing to do'. Offered those great cell phones with the leased cars and people would call about their $1,200 cell phone bills! No body thought about that part of the super offer, but the business took off.
Shop, shop, shop
Hope this helps,
Elise Altergott, Principal Broker
Associate Mortgage: http://www.web-mtg.com/?src=answers
Associate Consulting: http://www.ac-fl.com/?src=answers
2006-10-20 08:59:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It has been my experience that it is better to get the loan with lowest rate. I found that the bank I had been doing business with for years had higher rates than other lenders. Dealers are in the business of moving cars and typically have a lender with a good rate. What's not to like?
2006-10-20 09:08:51 · answer #4 · answered by ? 6 · 0⤊ 0⤋
Check the rate they are offering at the dealer then call the bank you use and go with the best offer. Dealers sometimes get a factory supported rate the banks can't match. Definitly avoid the "buy here pay here" rip off artists. Car is way overpriced to begin with and the financing is a major rip off.
2006-10-20 07:50:37 · answer #5 · answered by wizjp 7 · 1⤊ 1⤋
First shop for financing, local banks, credit unions, even online - then the car. Unless you qualify for one of those 0% deals that nobody is offering right now, financing through the dealership is rarely the best deal.
2006-10-20 08:01:15 · answer #6 · answered by Jonny Ringo 2 · 1⤊ 0⤋
I would recommend using your bank or one that is local that you are familar with. Shop around for who would give you the best interest. I prefer using my credit union because then I can arrange for the payment to be directly with drawn from my account. Also if it's something local, then you can always go there to speak with someone if you have a problem with a payment.
2006-10-20 08:58:18 · answer #7 · answered by Anonymous · 2⤊ 0⤋
Most big name dealerships will obtain your financing through a major bank anyway. If you're speaking of those smaller dealerships that have like 20 cars then I would advise AGAINST seeking any type of financing from them and going directly to your bank.
2006-10-20 07:50:36 · answer #8 · answered by Scotsman 5 · 1⤊ 1⤋
It is always good to shop around, but my experience has been banks are a surer bet. You can secure a good rate before you shop and ber one step away from their high pressure tactics. If they want your business, they will give you a good deal because you have already secured a loan. You can use this to your advantage-and avoid their temptation to use us for theirs.
2006-10-20 08:01:31 · answer #9 · answered by diane d 1 · 0⤊ 0⤋
At a bank
2006-10-20 07:54:51 · answer #10 · answered by Bonnie 1 · 1⤊ 0⤋