A used car is a purchase every car-lover should make at least once in their lifetime. If you want to do it as cheaply as possible, you can use the dealer’s finance department to get a loan from the dealership. Let us help! By following these five simple steps, you’ll be on your way to buying that used car of yours for less than what you might have been able to spend otherwise.
1) Plan For The Loan Before You Walk Into The Dealership
Planning before walking into a dealership (whether an online or brick-and-mortar showroom) will give them the ability to upsell and offer other incentives that may be unavailable if they don’t see your business coming in advance. Getting the loan ahead of time will allow you to walk into a dealership without a car and leave with one without having to spend any more time on your end.
2) Get A Loan In Advance
This step is easy! If you have an existing loan, simply have the bank fax or email the documents directly to the dealership where you want to buy your car. If you don’t have an existing loan, look online for an online lending service that works with dealerships – these are becoming increasingly common with the popularity of online used cars in tempe buying sites (we’ll talk about those in step.
3) Do Your Research
Before you go to the dealership and start talking about cars, make sure you know what car you want to buy. Be sure to look up the vehicle for sale in the local paper, see what reviews of it there are, and scour any message boards or websites that discuss that particular car. This research can give you plenty of information about whether the vehicle is actually worth its asking price and where it’s been before. Take this with you when going to your local dealer – something they’ll probably let you do because they’ll know they have a captive audience when it comes time for negotiations.
In conclusion, by following these simple steps, you’ll be able to buy a good used car from a dealer and drive home the same day without breaking your budget.