Is it better to apply for a bank loan for a car before or after I have found a car??
2007-11-12 10:03:52 · 3 answers · asked by Cato Says "Kalamaloo" 4 in Business & Finance ➔ Credit
Before as then you will know how much you can afford Have a look on the web such as moneysupermarket.com as this will give you some idea of the amounts you can afford to pay back every Month Also just in case the car salesman tries to make you take out HP as he will make a fortune on commission from the HP company and it will cost you much more than a personal loan Remember when you buy a car on HP its not yours until the last payment is made With a simple car loan you have the money up front so can ask for some kind of discount from the salesman as he will think its your cash Don't bother taking the payment insurance unless you really need too as its not worth the extra cost be sure to read the small print as some only cover your payments for up to a year Hope this info helps With cash up front and a pushy salesman you can just walk away Cheers
2007-11-12 10:18:39 · answer #1 · answered by Anonymous · 1⤊ 0⤋
1
2016-09-28 17:07:47 · answer #2 · answered by Laverne 3 · 0⤊ 0⤋
After. The bank will probably want to see the agreement of sale.
2007-11-12 14:54:17 · answer #3 · answered by !!! 7 · 1⤊ 0⤋