| Even if it is just chemicals outgassing, there's | | | | allow yourself further flexibility by applying for a |
| nothing like that new car smell. It says you're | | | | loan limit of at least a little over what you expect |
| smart, responsible and successful. In fact, the only | | | | to pay. This gives you extra room for flexibility at |
| thing better than the new car smell is the pride | | | | closing time, without having to worry about the |
| you'll feel as you take your new wheels for a spin. | | | | loan limit. Of course, you're under no obligation to |
| It's certainly no secret that driving a stylish new | | | | use your entire loan limit. Arranging for automatic |
| car is fun and exciting. New cars carry warranties | | | | payments is another way to lower your rates. By |
| that protect you from unnecessary maintenance | | | | having your car loan payments deducted |
| and repair bills for extended periods of time, so | | | | electronically from your bank account, you can |
| they can be great investments. The secret is in | | | | save more money over the duration of your loan. |
| buying a brand new car, truck, van or SUV | | | | Price Haggling |
| without deflating your budget. For many smart | | | | Car dealers are seasoned professionals who are |
| shoppers, the right car loans turn their new car | | | | trained to get every dime out of you. For that |
| dreams into realities. | | | | reason, it's no wonder that so many people part |
| Direct Auto Financing | | | | with a lot of money after "negotiating" with a car |
| One of the biggest money-saving actions you can | | | | dealer. Unless you're an experienced negotiator, or |
| take in purchasing your new vehicle is with | | | | have an armor of thick skin, going through a new |
| financing through an independent car lender. This | | | | car purchase can be an agonizing experience. The |
| borrowing plan is referred to as "direct financing" | | | | best protection from slick sales types is to walk in |
| or "direct loans." Direct financing is any kind of | | | | to the dealership with your financing already in |
| financing action, set up by you, without the help | | | | place. When you're in this position, you'll find car |
| of the car dealer. There are considerable savings | | | | dealers haggling with each other to get your |
| and minimal risks involved in direct loans, making | | | | business. Talk to local car dealers, and make it |
| them the best option for many new car buyers. | | | | clear to them that you've been shopping around. |
| When you walk into a dealership with a guarantee | | | | Let them understand that you won't settle for |
| new car loan in hand, you've got automatic | | | | anything less than the very best deal. This leaves |
| bargaining power. You're able to have an upper | | | | the dealers working to get your business, while all |
| hand in negotiations, and you can stand equally to | | | | you need to do is choose the best one. |
| your dealer. In the end, this increase flexibility | | | | Owning a new car can make you feel like a million |
| keeps you from falling into the common trap of | | | | bucks, without feeling like you've just spent a |
| dealership price fixing and additional financing costs. | | | | million bucks. Shop around for car loans and make |
| Shopping Strategies | | | | smart financing decisions, and you'll soon be |
| The first strategy in shopping for new car loans is | | | | cruising along and taking in that new car smell. |
| securing independent financing. With that in mind, | | | | |