Considering:
interest rate
likelihood of getting approved
etc.
2007-10-28 15:57:39 · 4 answers · asked by shadow6741 1 in Business & Finance ➔ Credit
I recommend using your CU. I did when I was truck shopping. I was pre-approved and didn't have to worry about anything but finding the right price on the right vehicle.
2007-10-28 16:04:37 · answer #1 · answered by Otto 7 · 2⤊ 0⤋
Don't apply through a dealership.
1) Know your budget & your credit score.
2) Get a loan through a bank. Depending on credit score and how much you make, etc. Also, you'll get a pretty good interest rate. It doesn't hurt to ask.
3) Use "cash" to purchase your vehicle. You'll get the best deal if you can pay a dealer directly. That way they can't play "sales" games with you.
4) Enjoy your new ride!
2007-10-28 16:07:25 · answer #2 · answered by kat 2 · 1⤊ 1⤋
I would shop around for the best loan. Be sure to include the credit union as one of the places that you check.
2007-10-28 16:08:47 · answer #3 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
Auto finance is what I do for a livng and your best bet is going to be your own local bank or credit union.
Dealers can get just about anybody approved but they often hold points to make whats called reserve profit. This is when a customer is approved at say 6.99% and the dealer contracts them at 8.99%.
2007-10-29 02:52:44 · answer #4 · answered by ? 7 · 2⤊ 0⤋