When shopping for a car, most people decide to obtain a loan through the car dealership itself. Its certainly the most convenient option, and dealerships promise you the best available rate.

However, dont assume they are providing all the information you need to make an informed decision. Once they obtain a loan commitment from the automakers financing company, many dealerships mark up the loan by adding two to three percentage points to your rate. Most "finance managers" at auto dealerships get paid commissions that are based on the amount of the interest-rate markups they can add to their customers loans.

The best strategy is to have pre-approved financing or leasing in hand when you go to the dealer. Pick the car that best fits your budget; then compare your approved rate or lease payment against the dealers, and choose the options that works best for you. That way you can negotiate the best price on a vehicle without getting tripped up over the financing.

Follow the links, youll be able to calculate your new car payments, apply for credit online, and research a range of leasing or financing suggestions to suit your needs.

There are many special offers of 0% or "low interest rate" financing from the auto makers. But before you decide to buy and finance a new car or truck, potential buyers need to know that unless they have stellar credit (that is FICO scores above the low 700s), they may not qualify for these offers. As a matter of fact, 40 percent of people who recently went to a dealership to explore zero-percent financing had to pay a higher rate, according to Consumer Reports.

Always remember to check your credit score and correct any errors on there that can hurt you before visting the dealerships.

Most online new car finance or lease quotes are free, approval in minutes and there is no obligation to buy.

*Ref Link:http://autosbargain.com/index.php?option=com_weblinks&catid=68&Itemid=57

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