Shopping for a new car is a great experience. There is nothing quite like that “new car” smell, and shopping for a new car is only part of the fun. You have a lot of decisions to make. What kind of car are you going to get? Where are you going to get the car? Should you buy a new car or a previously owned car? You may have not even thought about all of this yet. Personal-Loan.com is here to help you make that decision.
If you have already done some car shopping, then you may have already picked out a car. Don’t buy it yet. There is a way that you may be able to get a better deal on the car that you have fallen in love with. When you go to a car dealership, they will see you coming from a mile away. No matter how much you love the car, try not to show too much enthusiasm.
If you look extremely excited, the car salesman will do everything that he can to oversell the car. You will end up paying too much for your new car. You fall in love with the car and the salesman leads you right into his office to sign some papers. While you are there, he will try to get you approved for a loan. Letting the salesman do this is the biggest mistake that you can make. By doing this you have let the car salesman decide the price, and choose your loan.
It can be very difficult to do, but this is the point where you have to use your best poker face. You have to stand up and leave. You need to have the upper hand and a personal loan will give you more power.
If you have a personal loan you will be able to tell the car salesman to cut through all the red tape and give you the cash price. You don’t need financing because you already have a personal loan. This gives you the upper hand in negotiating the price.
You may not even know what a personal loan is. The greatest thing about a personal loan is the freedom that it gives you. With a personal loan you can buy anything that you want, and if you walk into a car dealership with cash, you will get a much better price than if you had the dealership finance the car for you. You also get to decide the terms of your loan. If you let the dealership do the financing, you get stuck with whatever they have chosen. They will be making money from the purchase of the car, and they will be making money every single time you make a payment on the loan that they provided you.
Give yourself some much needed financial freedom when you go car shopping, and get approved for a personal loan before you set one foot on the car lot.