Comments on: What is the better route to finance a new car? http://www.quickdebteliminator.com/buying-selling/what-is-the-better-route-to-finance-a-new-car/ Search For Answers To Your Finance Questions Tue, 07 Sep 2010 23:55:55 +0000 http://wordpress.org/?v=2.6.5 By: Stupid Flanders http://www.quickdebteliminator.com/buying-selling/what-is-the-better-route-to-finance-a-new-car/#comment-2342 Stupid Flanders Thu, 10 Dec 2009 14:07:49 +0000 http://www.quickdebteliminator.com/buying-selling/what-is-the-better-route-to-finance-a-new-car/#comment-2342 For a used car, it is typically better to secure financing before stepping foot into a dealership. I would suggest a credit union. If you are considering new, there may be financing incentives on specific makes and models. I suggest securing financing before going to a dealership. Even if you buy a car without financing incentives, you can tell the finance guy "My APR is X % for Y months" and if you can beat it, I will sign with your lender". Just make sure you read everything. Sometimes they will make it appear as if they are lowering your monthly payment and interest rate when they are actually just extending the term of your loan. For a used car, it is typically better to secure financing before stepping foot into a dealership. I would suggest a credit union.

If you are considering new, there may be financing incentives on specific makes and models.

I suggest securing financing before going to a dealership.

Even if you buy a car without financing incentives, you can tell the finance guy “My APR is X % for Y months” and if you can beat it, I will sign with your lender”. Just make sure you read everything.
Sometimes they will make it appear as if they are lowering your monthly payment and interest rate when they are actually just extending the term of your loan.

]]> By: euroman71 http://www.quickdebteliminator.com/buying-selling/what-is-the-better-route-to-finance-a-new-car/#comment-2341 euroman71 Mon, 07 Dec 2009 03:27:17 +0000 http://www.quickdebteliminator.com/buying-selling/what-is-the-better-route-to-finance-a-new-car/#comment-2341 It depends. Sometimes, dealerships offer special financing like 0%, 1.9%, etc. You can always check with your bank or a credit union on what interest rate they offer for 48, 60, or 72 months loan. Right now I believe the rate is between 5.5 and 6.5% but you need to double check that. It depends. Sometimes, dealerships offer special financing like 0%, 1.9%, etc. You can always check with your bank or a credit union on what interest rate they offer for 48, 60, or 72 months loan. Right now I believe the rate is between 5.5 and 6.5% but you need to double check that.

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