7 Advantages of Getting a FREE Online Car Loan Quote Before Visiting a Dealership!
1) When you go to the supermarket you have a budgeted amount that you are willing to spend so, Why would you go to a dealership with no quote?
As a product specialist for General Motors and Hyundai and a former finance manager, I see buyers do this every day. They come to the dealership not knowing the best price they can get for the vehicle. On top of this, they don’t know what interest rates they qualify for before they go to the dealership.
Not knowing the best price for the vehicle + Not knowing the interest rate = You pay more!
Regardless of the type of credit you have, you should always do your research and find out the price of the vehicle and the interest rate you qualify for before walking into any dealership. You can accomplish this by getting a FREE car quote and FREE car loan quote before visiting the dealership.
Doing these two activities before visiting the dealership will save you time and money. In addition to improving your car buying experience. Because nobody really likes going to the car dealership.
In fact, I’m sure most people would rank the experience at the bottom of their favorite things to do list, just above going to the dentist for a root canal.
2) Not all dealers are the same – Learn which dealers offer programs for perfect and less than perfect credit.
Any dealer can deal with a person with perfect credit. However, not all dealerships can handle people with less than perfect credit. When you get a FREE online auto loan quote, you get the following advantages:
a.) Find dealers who work with all types of customers regardless of credit.
b.) Get approved for a car loan regardless of credit.
c.) Know exactly what type of cars you qualify for.
3) Know what’s on your credit report before you visit the dealership.
There is nothing worse than walking into a dealership and expecting an interest rate of 5% and then asking me, the CFO, to quote you 21%. I have had to tell countless people this and some of them are upset as if I personally had anything to do with what rate they qualify for and what is on their credit reports.
The truth is that you are responsible for your credit score, which largely determines what rate you qualify for. I rarely have any problems with customers who are informed about their credit scores because they already know the rates and types of cars they qualify for.
My advice is to get your FREE credit report and find out your credit score before you go to the dealership. This will let you know what rates you qualify for and see exactly what good and bad things may be lurking on your credit report.
The advantage of submitting an auto loan quote online is that dealers will automatically connect you with the types of cars you’re approved for, regardless of your credit.
4) Entering a FREE online auto loan quote gives you access to multiple dealerships without traveling, saving you time, gas and money.
In the past, I have seen clients drive to multiple dealerships just to save $100 off the purchase price of their vehicle. That may have worked in the past, but given gas prices, who wants to drive across town and waste that money on gas. There’s a better way, you know? By submitting a FREE online car quote, you can get the best prices for any vehicle in the comfort of your home.
When you submit a car price quote online, your request is sent to various area dealerships who compete for your business by sending you quotes for any vehicle you choose. So why waste money and time driving across town when you can get multiple quotes while sitting in your cozy robe and slippers? Choose the best price and then go to that particular dealer.
5) Know what interest rate and terms you qualify for up front so you can walk into a dealership and shop with confidence.
By submitting an auto loan application, you get the benefit of having multiple dealerships working to earn your business. Once you land on a particular car and dealership, go to their website and find their payment calculator. Most dealerships have this listed in the Finance or Payments section of their website. Use this helpful tool to calculate your interest rate and possible monthly payments.
6) You get pre-approved financing and this puts you in control of the sales process because you know what vehicles you can buy.
Oh yeah, there’s nothing like walking into the dealership confidently knowing you’re pre-approved! Beat the alternative of knowing nothing! The big advantage of getting an auto loan quote is that you get pre-approved and you can confidently go to any dealership knowing:
* What vehicle has it been approved for
*Amount you will pay for your new or semi-new vehicle.
*Estimated monthly payments and terms (months) for your car.
I cannot stress enough how good it will feel to walk into the vehicle you are about to purchase paper in hand. It also allows the Sales Consultant to shorten the sales process, thereby reducing their time at the dealership. Although, there are some people who really like to hang out at the dealership. I know it sounds a little weird, but my son is one of those types of people along with some of our best customers.
7) It’s absolutely FREE!
Did I mention that getting an auto loan quote online is FREE? Oh yes, I did. Just think, without getting dressed, starting the car and driving around town wasting gas trying to haggle for the best price from each dealer. You simply sit at your computer sipping your favorite beverage, fill out ONE auto loan quote, and then magically; multiple distributors begin contacting you regarding your request. It is easy! Internet is really a great thing!
Good luck with your auto loan search.
Sincerely,
Anthony Gipson Hyundai North America Product Specialist