Credit unions are good for loans. I got my loan through Capital One Auto Finance, and got an almost instant response; I would happily recommend them. Only go through the dealership if they can get you something significantly better then what you can get otherwise.
Also make sure and negotiate - don't talk payments, talk out the door cost. If you have time, get the Consumer Reports pricing reports, that will give you a better idea of how much you can negotiate.
Sorry to hear about your car, love. We may have our own automotive horror story as soon as Harry goes to get our car inspected this week. Good luck finding a good loan!
My car loans have been through my credit union, and I used their buying program both times. Doing so got me a lower rate on the loan and meant I didn't have to deal with any aggressive sales people. I've also heard good things about Costco's auto-buying program, but I'm not a member and don't know much about it. I think AAA may have something, too.
The Costco loan program will get you a set fee. So, what you are charged is what you are charged. There is no getting the price lowered. I would get a quote and call around to the various dealerships and say Costco will give me X for a *type of car* What can you do for me?
I am sorry to hear that. I was hoping that it would be just a cheap part needing replacement.
I agree with the credit union idea. Right now, banks are looking for reasons to turn down loans because of all the economic problems right now.
Some years back, I helped a friend look for a new used car. She already had secured a loan through her credit union and was looking for a car that was under the amount she had. I brought along a copy of Kelley's Blue Book, which I had borrowed from my library. The salesman was very unhappy that I had it with me, as I was able to help my friend get a better deal than she was initially offered. I think that it helped us that we were able to instantly know how good a deal he was offering. The saleman's eyes bugged out when I brought out the Blue Book and he said, "You are not supposed to have that!" "What do you mean? Kelley's is happy to sell these to libraries and individuals who are willing to pay for them."
One thing that you can do is hop on the phone. Look to see what it is you want to pick up, and start calling around. Call Dealership A and say I am looking at X what price can you give me for it? Ask for the sales guy's name and number. Call another dealership and say X said he could give me $$ for a *whatever* Can you beat that. It's how I got us our van as cheaply as I did.
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Date: 2008-10-01 07:59 pm (UTC)Also make sure and negotiate - don't talk payments, talk out the door cost. If you have time, get the Consumer Reports pricing reports, that will give you a better idea of how much you can negotiate.
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Date: 2008-10-01 08:48 pm (UTC)no subject
Date: 2008-10-01 09:37 pm (UTC)no subject
Date: 2008-10-01 10:41 pm (UTC)no subject
Date: 2008-10-02 12:31 am (UTC)no subject
Date: 2008-10-01 11:02 pm (UTC)I agree with the credit union idea. Right now, banks are looking for reasons to turn down loans because of all the economic problems right now.
Some years back, I helped a friend look for a new used car. She already had secured a loan through her credit union and was looking for a car that was under the amount she had. I brought along a copy of Kelley's Blue Book, which I had borrowed from my library. The salesman was very unhappy that I had it with me, as I was able to help my friend get a better deal than she was initially offered. I think that it helped us that we were able to instantly know how good a deal he was offering. The saleman's eyes bugged out when I brought out the Blue Book and he said, "You are not supposed to have that!" "What do you mean? Kelley's is happy to sell these to libraries and individuals who are willing to pay for them."
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Date: 2008-10-02 12:32 am (UTC)no subject
Date: 2008-10-02 02:07 am (UTC)