The Trick To Car Financing
Jan 29 '00 Write an essay on this topic.
Don't you want to have it all? A great car and a low finance rate? Drive a better deal in the end by saving money on interest rates. Many people don't realize how they can save some big bucks, not by haggling with dealers, but by going to the bank and taking out a car loan. Car manufacturers usually have relatively high interest rates on their financing. Banks will most often give you a better interest rate than car manufacturers. Even if you have bad credit or no credit, the bank should always be able to help you out somehow. I'm currently 18 years old with hardly any credit as you can presume. When I purchased my first car, a 1999 Honda Accord(Read My Review), I talked the dealer into giving me a good deal, but when it came time to finance, the interest rates were outrageous. I decided to go to Washington Mutual, my bank, and they gave my an deal that I couldn't resist. All of my friends ask me how I got such a low interest rate at such a young age, and I tell them that I got it through the bank.
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