Smart Shopping & Consumer Psychology
Hi George Welcome to the forums. It's nice that you are buyi
Hi George
Welcome to the forums. It's nice that you are buying a new car for yourself. Before you do that, I will suggest you to do an extensive research in the car market and know the best financing option provided by the each lender.
Since your lenders will be evaluating your credit report, it is suggested to check your credit report for any mistakes that could prevent you from getting a loan or might make you pay higher interest rates. After you have a clean credit report from discrepancies, you will be able to shop and negotiate for loans in a fair way.
It is necessary to compare the sources that will be extending credit to you. You can acquire loans from any local car dealer, a local bank, credit unions, online (including national banks or newer cyber-banks), or friends and family. Comparison is a must because it will help you to figure out the facts and the risk factors before taking a loan.
It is necessary to evaluate your loan terms and identify the lenders which can determine the differences in the rates and fees.
Regards
Roxette