lightbulb1Know Your Credit

comment1Knowing your credit is a vital part of the car buying process. Not knowing what is on your credit report can cost you $1000’s of dollars in extra finance charges. When you know what is on your credit report and your exact credit score you can negotiate the rate that the dealer/lenders are offering you. That is right, you can negotiate the rate of your loan but only if you have all the ammo. You can get your credit report and score for free by clicking here.

lightbulb1How Much Can You Afford?

comment1A good rule to use for most lending institutions is going to be anywhere from 15 – 20% of your gross monthly income (before taxes).

lightbulb1Get Pre-Approved

comment1Knowing how much you can spend on a car is a great tool in getting the best price from the dealer. When you have a set price in mind before you start shopping, it protects you from overspending, and can minimize your required down payment. When you are pre-approved it forces the dealer to work within your budget. That is why we always say “have your loan in your pocket before you go shopping.”

lightbulb1Finding The Right Dealer

comment1Here at YouAreApproved.Com we have hand selected over 1000 dealers across the country, and several lenders, to help our customers get the best deal on their car purchase and auto financing. All of our car dealers are monitored to insure that our customers are treated according to our high standards of customer service and satisfaction.

lightbulb1Negotiating A Fair Price

comment1Research, research, and more research. What that means is research the car you want to buy. Know the value of the car. Know the history of the car. Know how well the car retains it’s value. These are things that will put you in a better negotiating position with the dealer.