When I was dealing with the internet salesman from the dealership I ended up gettnig the car from, I never said whether or not I had financing already. It is best to do this, because you don't have to deal with the pressure tactics of the 4 square system. You will already know what you'll be paying each month, and can just shop around to try to get the best price the dealerships will give you. When they learned what my rate was from DCU, they were legitimately surprised. Best rate their company was offering was .9% but had to be 36 months, which I would not have qualified for, the payment would have been much too high. They never ran my credit at the dealership or anythying, so no worries about additional HPs. When I spoke w/ the loan rep from DCU on the phone, she said all that was required after I was preapproved was for the dealership to fax the purchase order to their loan department with attn: loan# and everything will be taken care of from there. The lady was extremely helpful and even changed the rate from 1.74 to 1.24 as I could not get the membership loan application to work, so I had to go from the link on their home page to get the loan. I just have to call back and verify that I will be setting up auto-pay and direct deposit to get the lower rate. Excellent service all around. I was only on the phone with her for five or so minutes.
$18000 Discover IT / $6000 Chase Freedom / $5000 DCU Visa / $3900 Fifth Third / $2500 Capital One Quicksilver / $2000 AMEX Blue Cash Everyday / $500 Chase Slate
Starting Score: 582
