Build a Relationship With a Lender and You'll Get Better Car Loan Interest Rates

By Ross Edwards
Wednesday, Jan 28 2009 16:27

Lenders are more likely to give a car loan to a buyer who they have a relationship with.  If you've had a car loan in the past and made your payments on time, that lender knows that you're a responsible car buyer and might offer you a loan or interest rate that other lenders won't.  This holds true with other lines of credit, like a mortgage or a credit card. When you're shopping for a car loan, make sure to check with every lender that you have borrowed from in the past.  Since they already know you, they will see you as less of a risk and give you a lower interest rate on your car loan.
  Auto Loan Daily - Fort Lauderdale, FL | Facebook (AutoLoanDaily) on Twitter
Need advice about auto loans and leases?
 Learn how to improve your credit score.
 Find what auto loan rates are in your area.
 Learn about negotiating and how to save money.

Related Articles