Do you get a loan before buying a car?

Daisy Osinski asked a question: Do you get a loan before buying a car?
Asked By: Daisy Osinski
Date created: Wed, Jan 27, 2021 5:48 PM
Date updated: Thu, Jan 5, 2023 8:39 AM


Top best answers to the question «Do you get a loan before buying a car»

1. Get preapproved for a loan before you set foot in a dealer's lot. "The single best advice I can give to people is to get preapproved for a car loan from your bank, a credit union or an online lender," says Philip Reed. He's the autos editor at the personal finance site NerdWallet.

  • The only alternative is to get your car loan before you buy a car. Why not just rely on apparently low dealer financing, and save the hassle of applying through a bank or credit union? The ?come on?, a.k.a, ?bait and switch??organizations who are involved in sales are famous for blasting the promise of their best deal to an anxious world.

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