You can save a lot of money if you do your background research before you buy a vehicle. First of all, you should get pre-approved for a loan and know exactly how much you can afford to borrow, plus the percentage rate of the loan. When you meet with the dealer you will have a variety of choices and will know how to get the best loan option for your circumstances. By shopping around for various loans you`ll see that we offer the best option. Fill out our quick and easy Loan Application, which will often give you a great loan deal which you can use as a bargaining tool with the dealer. Take a better loan if the dealer can offer you one - otherwise, inform them that you have a better offer on the table.
Another bargaining tool is to work out the dealer's true cost of your preferred vehicle, which is often substantially less than the invoice price. This can be a big factor in your ability to negotiate with the dealer.
When you have this information and a number of loan quotes, you can visit the dealer with confidence that you can negotiate the best possible deal. You are far better informed than most customers, therefore you are in a much better position to save money. Bear in mind that the dealer may hide hidden costs in the monthly payments, so make sure to just discuss the vehicle's price. By sticking to these simple steps you can save a lot of money on your next vehicle.