Build a Relationship With a Lender and You'll Get Better Car Loan Interest Rates
Build a Relationship With a Lender and You'll Get Better Car Loan Interest Rates
By Ross EdwardsWednesday, 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.
| 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 |
Comments
No comments on this story yet. You can be the first to Add A Comment!