Ok i just signed up for DCU im waiting for them to email me back to approve me of the checking/savings account, i alreaady sent my DL an proof of residence.
The car i want is $22,950 without any taxes an fees ect. when i apply for the loan do i just apply for that amount? How does this actually work? Do i call the dealer an ask for the total price? I have never done this online before
@jbradey wrote:Ok i just signed up for DCU im waiting for them to email me back to approve me of the checking/savings account, i alreaady sent my DL an proof of residence.
The car i want is $22,950 without any taxes an fees ect. when i apply for the loan do i just apply for that amount? How does this actually work? Do i call the dealer an ask for the total price? I have never done this online before
Good luck with DCU! In my case, they approved me for 125% of the loan amount I asked for but I made sure I did not go above my budget so actually did not avail of the 125%. You can apply for the price out the door if you don't have any money to put down or vehicle to trade in. The approval would of course depend on your income and credit history. There's a sticky on top of the forum topics for auto loans on how to buy a car and talks about emailing the dealer instead of calling. What I did was email the dealer, and spoke to them over the phone for a couple of times before I walked in and test drove the car. Also looked at 4-5 cars from different dealerships before deciding. Usually you can negotiate the price further (esp in my case since I bought a used car) but in my experience they usually want you to look at the car first, and my priority at that point would be to find something wrong with it, so I can haggle the price, lol.
