A highly effective 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 get. If the interest rate given is remarkably high, you will be aware that usually there are problems with your credit history which should be taken care of before you make progress. Getting approved in advance may also mean you can negotiate at the dealership as a cash buyer, which can be much simpler. You may accept dealership financing, but getting approved before you really enter the dealership will probably be the bargaining chip to ensure you get the good interest rate.
Take note that, as the buyer, you will be the one in command over the entire process, therefore you will be making some selections along the way before you even step into a dealership. With very much trustworthy information provided, even if you already have a solid preference about the vehicle you choose, if you take a moment to carry out some research and be open-minded you are likely pleasantly surprised by the outcome.
There are two "best times" to buy. The end of December is excellent time. Everyone is out purchasing XMAS gifts, resulting in dealer loads void of consumers, motivating them to reduce prices and break year end sales records. A further best time to buy is July through October mainly because dealerships provide cars at more inexpensive prices to clear spot for the new models.
As you are spending a lot of your hard-earned dollars and you will be spending a lot of time behind the wheel, consider extra time for the test drive. Be sure that you are very comfortable in the car and can adjust the seat and mirrors so you have fine visibility. Make sure you are comfortable driving on surface streets, in traffic or even on the highway, or perhaps in parking.
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