Do you get a loan before buying a car?

2
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

Content

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.

Your Answer