Rock New Car Loan
What You Need
Gaining some knowledge about the Little Rock new car loan process before
you apply for one is the best way to save money and avoid scams. A
little homework now can save you big money in the future. We'll get
started with our list of top tips.
Top Tips For
Getting the Best
New Car Loan.
hope we have improved your knowledge of the Little Rock new car loan
process. You can see how a few hours of research could save thousands
of dollars over the course of a new car loan.
what's on your credit report by getting a copy of it and reviewing the
information to make sure it's accurate. Have the credit bureau correct
- Know your credit score. This info is
available for a small fee from any of the three major credit bureaus.
Equifax, Experian, and Trans-Union all offer this service online.
the credit tiers used by the Little Rock new car finance institutions
you're considering. Have the loan officer explain how they relate to
credit scores and interest rates. Get a print-out of the charts so you
can compare deals.
- Know the current interest rates
being offered. You can research rates on the Internet to find out if
the rate being offered on your Little Rock new car loan is competitive.
- Know the average selling price in Little Rock,
Arkansas of the car you want. Click here for our New Car Price Guide.
get pre-approved financing for your Little Rock new car loan. Get a no
obligation car loan from a prime lender if possible. If you do this
before shopping at the dealership, it will substantially improve your
bargaining position. Thousands of dollars can be saved with this tip.
assume a 0% loan offered by the dealership is the best new car loan
deal. If you have a choice between a low or no interest loan and a
rebate, many times the combination of the rebate and your pre-approved
loan will actually be the best deal.
- Don't fall for a
"bundled" deal at the new car dealership. This usually happens when you
have a trade-in. The dealer will try to combine or "bundle" the
trade-in, the price of the new car, and the financing package. Then
it's almost impossible to find out what you're actually paying for the
new car or the financing, or what is being allowed for your trade-in.
check your sales agreement for any extra fees that have been added that
weren't agreed on beforehand. Some dealers will try to slip in what
they call "junk" fees on buyers without mentioning them during the
sales negotiation. "Documentation fees" are an example that you often
- Don't agree to buy extras you don't want or
Like extended warranties, protectant treatments, etc. These are usually
presented in the finance office after you've been worn down by the
process and may be more likely to agree to them just because you want
to have a "done deal".
- Don't be rushed or pressured
into signing a sales agreement. Bottom line is if you're not
comfortable about anything you're being confronted with, walk away now.
It's your money and you are in control. It will be a whole lot easier
to deal with this now rather than later after you have signed something!
For more information about new car loans, our favorite source is Edmunds.
to Home page form Little Rock New Car Loan.