Rock Used Car Loans ... Save Money and Get the Best Deal.
The number one tip for getting the best deal on Little Rock used car
loans is to be informed. You have no chance of saving money on a car
loan if you don't know anything about the process.
Listed below are some of the top tips to help you save money by getting
the most favorable used car loan possible.
Saving Tips For
Rock Used Car Loans.
- Get a copy of your credit report. You
need to know what's on your credit report before you apply
for an auto loan. Make sure all the information is accurate. Contact
the credit bureaus and have them correct it if it's not.
- Know your credit
score. Each of the three credit bureaus: Experian,
Equifax, and Trans-Union, offer this info on line for a small fee. It's
well worth it because knowing your score could save a lot of money in
- Obtain your used car loan through a prime
lender. Their rates will be significantly lower than sub-prime sources.
Even if your credit score isn't perfect, it won't hurt to check with
some prime lenders first.
- Learn about the credit tiers used
by the lenders you're considering. Ask the loan officer to explain how
they relate to credit scores and interest rates. Get copies of the
charts to help you find the best deal.
- If you are forced to take a sub-prime loan,
don't give up. Concentrate on improving your credit score. You could be
able to refinance the loan at a cheaper interest rate in a fairly short
length of time.
Rock Used Car Loans Tips.
we said before, the best advice we can give for getting the best Little
Rock used car loans is to do your homework. A little knowledge can go a
long way toward getting the best deal and more importantly, saving
money. Then you can relax and enjoy your car the way you should.
a reasonable price range for the car you want to buy. You can save
thousands of dollars by not overspending on a car you don't really
need. Know the fair market value of the model you choose. We like Edmund's True Market Value Guide.
- Research current interest rates being offered.
You can go on line to quickly check available rates.
- Get a pre-approved, no-obligation auto loan before going to the
dealership. Arranging your own loan could save big money over the full
term of an auto loan.
get trapped into a "bundled" deal at the dealership. This is when a
trade-in, the price of the car you want, and the financing, are all
"bundled" together. This is why it's important to arrange your own car
loan. You can then focus on just the price of the car, not all the
confusing number games.
- Check your purchase agreement for
any hidden or extra fees that were not agreed on beforehand. Many car
dealers try to slip in "documentation" or other "junk fees" on unwary
- Don't give in to high pressure sales tactics.
Remember it's your money and you are in control. If you don't feel
comfortable about the way things are going, walk away. It will be a lot
easier at this point than after you have signed something!
For information from the Federal Trade Commission on buying a used car
Go to Little Rock Used Trucks.
to Little Rock Living Home page from Little Rock Used Car Loans.