The perfect first step in the car buying process is to secure approved for a loan. Getting approved for a loan from a bank, credit union or online lender will let you know what interest rate you are entitled to. If the interest rate available is remarkably high, you will know that usually there are problems with your credit history that need to be solved before you move ahead. Getting approved in advance may even can help you negotiate at the dealership as a cash buyer, that may be a lot easier. You may accept dealership financing, but getting approved before you really walk into the dealership is going to be the bargaining chip to get you the better interest rate.
Take note that, as the buyer, you have to be the one in command all over the entire process, so you need to be making many decisions along the way before you even step into a dealership. With so much reputable information around, even if you actually have a solid preference about the vehicle you want, if you take some time to make some research and be open-minded you are likely delighted by the outcome.
There are two "best times" to buy. The end of December is excellent time. Everyone is out buying XMAS gifts, leaving dealer loads void of purchasers, motivating them to drop prices and break year end sales records. A further perfect time to buy is July through October because dealerships put up for sale cars at lower prices to clear place for the new models.
Because you are spending a great deal of your hard-earned dollars and you'll be spending a lot of time behind the wheel, consider additional time during the test drive. Ensure that you are really comfortable in the car and can adjust the seat and mirrors so you have great visibility. Guarantee you are comfortable driving on surface streets, in traffic as well as on the highway, including in parking.
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