Get the Best Deal on Your Auto Loan Today!

To get the best deal on a new vehicle, you’ve got to be prepared to do some research and answer some initial questions. These questions include: what type of vehicle you want to buy: new versus used? How much you can afford for your monthly payments, your down payment and added costs. With the prevalence of resources on the internet, it is much easier than you may think to research and get the knowledge to negotiate a great deal. Request your free no obligation auto loan quote today!

Decide on the Type of Vehicle For You!

Normally the first consideration when deciding what type of vehicle you want is what will it be used for. For example, if you have a long commute each day to and from work, then fuel economy is probably a big concern. If you have a large family and need extra seating, then size is a necessity. Or if you enjoy the roar of an engine and want a sports car, then size or fuel economy are probably not high considerations on your list. This decision alone, can either cost or save you thousands of dollars on your new vehicle purchase.

New Versus Used?- What’s right for you

The classic question you ask yourself: Do I pay a little more and drive home in a brand new vehicle with the aromatic new car smell, or do I save a few thousand and purchase a well-kept, used vehicle instead? The answer lies within your budget. If you want and can afford the best, then your decision is made. The cost-effective decision is to purchase a used vehicle and save the extra money, however it is important to weigh the pros and cons and decide whether you want the security of buying and driving a new car, or the cheaper option of a used car.

Monthly Payments- How much do you want to pay?

The increase or change in your car payment is also an important consideration. Many people still have current monthly car payments when they are looking for a new vehicle. Even if they are trading in a used vehicle, they will more than likely have an increased monthly car payment. It’s important to know what you can afford before you step into the dealership. Start off with a lower budget to give yourself room to negotiate later.

Down Payment- How much can you afford?

If you’ve seen new vehicle advertisements on television or the internet, you’ve probably seen the attractive, no-money down option. Like anything that is attractive, they normally have a cost or drawback associated. In this case, the cost may be that you will owe more on your vehicle when you are ready to sell than it is actually worth. If this is the case, you’ve just transferred your down payment from one vehicle to the next. If you can put money down on your vehicle, do so. It will save you interest and money off the principal immediately.

Added Costs

If you are spending $300 per month currently and have determined that you can afford $200 extra in vehicle costs per month, it doesn’t mean you should look for a new car with a $500 payment. If you owned a sedan or compact car with over 30 MPG and your new vehicle is a 4000 pound SUV with a V8, your fuel costs will easily double! Lastly, repair costs may increase your monthly vehicle costs. If the vehicle you are purchasing has a higher price for repairs or maintenance, your costs go up as well. Set your budget with all of these considerations to better prepare yourself for the commitment. Request a free no obligation to buy, auto financing quote today.

Here is a quick checklist of items you want to have prepared before you enter the dealership:

Credit Rating
(Have your current credit score ready, preferably the highest of the three credit rating bureaus. You can receive one free credit report per year, so take advantage of it.)

Estimated Value of your trade-in
(Do some research and don’t short change yourself here. People purchase trade in vehicles each day, so the demand is there. Get top dollar if you can.)

The Pre-approved Loan Amount (if applicable)
(Walking into a dealership with a pre-approved loan instantly gives you the upper hand. Instead of the salesperson worrying about whether you will be able to receive financing, you will know what you can afford and make the negotiation process much smoother.)

Car Insurer Name/Policy Number
(Having proof of insurance is another great way to show the auto dealer that you have all the necessary items to purchase a car. Valid car insurance is necessary in all 50 states if you own a car, and showing them you already comply is valuable.)

Auto Loan Price Quotes
(Bring in all of the auto loan price quotes, as well as any purchasing price quotes that you have requested on the internet. Remember to bring in the rebates and incentives that you may qualify for. This can save you $500 or more instantly.)

So what are you waiting for? Request your free online auto loan quotes from CarLoanMatcher.com today and find out how easy it can be to get into the new vehicle that you want today!