There are certain mistakes that are common to many consumers who buy a new car at a dealership, and these mistakes can often cost a driver money, time, and could lead to a suboptimal purchase. Most of these mistakes can be avoided with a little bit of research conducted before going to the dealership.
Two very important things for consumers to research before coming to the dealership and starting the negotiation process are market interest rates and their own credit report.
Understanding one’s credit report is crucial, since many reports contain mistakes that make a consumer appear to have a bad credit history and could lead to problems with financing. Getting these mistakes corrected and knowing one’s credit report can give a consumer a better idea of what to expect at the dealership.
Market interest rates must also be researched if the consumer wants to know whether he’s being offered a good financing deal.
Drivers who wish to avoid the hassles of negotiating financing at the dealership can obtain an auto loan in advance by filling out a car loan application.