Established Contributor
bettercreditguy1
Posts: 760
Registered: ‎02-11-2012
Re: Car salesman said to come in, the finance manager thinks he can help...

Where do you currently bank? Are you at a Credit Union? As stated earlier, dealers make money pushing the paper. Know what you pre qualify for in loan amount and rate before you ever go on a car lot. Do not ever disclose to the salesman you can do your own financing until you get ready to sign for your new purchase. Then ask them what kind of financing arangements they can make. At this point, they can not manipulate the payment, interest, or term or they know that they will not beat your deal.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience