Title: 
How To Get A Great Deal On Your Car Loan

Word Count:
601

Summary:
Getting the new car that you want can be a lot of fun - it can really make your day. But what can be even a little better, is when you know that you got a great deal on your car, too. The truth is, though, that it will take a little more work on your part to get that good deal - but it will be well worth it to your wallet. Here is what you need to know about how to make sure you get a great deal on your car loan.

A good place to start to ensure that you will get a great de...


Keywords:
loans, car, auto, finance, bad, credit, history, vehicle, payment, interest, cost, approved, bank


Article Body:
Getting the new car that you want can be a lot of fun - it can really make your day. But what can be even a little better, is when you know that you got a great deal on your car, too. The truth is, though, that it will take a little more work on your part to get that good deal - but it will be well worth it to your wallet. Here is what you need to know about how to make sure you get a great deal on your car loan.

A good place to start to ensure that you will get a great deal is to check your credit report. You want to look here first because it will certainly have an effect on the interest rate you will get on your loan. Your new loan will be based on this score, so you want to make sure that it is as high as it should be. It is not at all uncommon to find mistakes, or uncorrected information on a credit report - enough mistakes that could lower your score and raise your interest, or even cause you to be rejected from getting a new car loan. 

The next thing you want to do is to know exactly how much of a car payment you can afford each month. Once you know this figure, then you can start looking around at car advertisements or sales on the Internet in order to find that good deal. You also will need to think about whether or not the car you might buy will raise your interest rates or not. Since it probably will, you also want to add this to your budget, too.

After you have found some cars that are in your price range, then you want to do some research and see what that particular model should cost. After all, how can you know if it is a good deal or not if you have nothing to compare it with? You never want to take a car salesman's word for it that it is a good deal - some will tell you the truth and some will not. 

Once you find that you have a car that you think you want, and that appears to be a good deal, go down to the bank and get your car loan preapproved. The lender will let you know whether or not you can buy that car or not - simply by the amount that you are preapproved for. If approved, they will issue you a check up to so much money, there will be a definite credit limit, and you write in the actual amount when you sign for the car. By being preapproved, you are free to change your mind - or, even look elsewhere. 

By knowing the value of a car in advance, you have more of an edge to be able to deal with the car salesman. Since you may already know where you can get that same car cheaper, it will put you in the driver's seat in your negotiations. And, since, you are already preapproved for your car loan, you can possibly even get a lower price since there is no conditional waiting period on their part. 

When going after your car loan, you want to be sure and get quotes from several sources first. You can easily do this on the Internet to save time. Comparing them will enable you to get better interest rates and payment terms. You just choose the one that is the best. Be sure, though, to read the fine print before you sign.