Auto Loan Factory

Getting The Best Auto Loan Rates
By Jay Moncliff

Getting a good auto loan rate is not luck, but rather a skill
that you must learn. There are good auto loan rates available
if you know the tricks of the trade and how to negotiate to get
the best deal for you. Remember, you should not be afraid or
nervous when trying to negotiate your auto loan because you
will be saving yourself money. That should give you the courage
to try and get the best auto loan rate available. Follow these
suggestions as well to guide you in buying a new care and
negotiating your auto loan interest rate.

Auto Loan Tip #1 Buy at the End of the Month

Frequently car dealerships have contests and the winner of the
contest gets a good prize, whether it is monetary or physical.
Generally, theses contests are a month long, so by the end of
the month the salesman are crazy to make a sale regardless the
price. So, you will be able to negotiate a better price on your
vehicle during these types of competitions. The lower the cost
of your vehicle, the better terms you might be able to get for
your auto loan.

Auto Loan Tip #2 Have Good Credit

Now this might seem obvious to you, but everyone is not aware
how their credit will affect their auto loan rate. If you have
great credit, go buy a car whenever you want because you have
grounds to negotiate an auto loan on. If you have bad credit,
work on rebuilding your credit for several months and then try
to get an auto loan. This effort alone will help you in more
areas than just your auto loan rates.

Auto Loan Tip #3 Negotiate Your Auto Loan

When talking to an auto loan lender don’t divulge how much
money you can spend per month on your auto loan. If you throw
out the highest number then this will be the starting point and
exactly what you want to avoid. Instead, negotiate with the
lender, know your limits however and that there are other car
dealers and lenders out there. You never should accept a first
offer without trying to get a better deal.

About the Author: Jay Moncliff is the founder of
http://www.loans-center.info a blog focusing on the latest Auto
Loans news, resources and articles. This site provides detailed
information on auto loans. For more info on loans visit:
http://www.loans-center.info

Source: http://www.isnare.com