Consumers can take advantage of these decreased car loan rates by using deals that originate from dealer websites as well as from car loan comparison websites. Many auto loan dealers actually want more people to have car loan education, as they feel that bringing their prices down to market level is a way to sell more cars.
“We appreciate the research that people bring in after they have been to auto loan comparison websites because we often do not have time to conduct this research ourselves,” says a member of a Detroit Ford dealership. “We absolutely want to make sure that we sell the most cars possible, because this will help people in their everyday lives as well as bring us more profit and allow us to hire more people.”
That statement seems to echo the over riding assertion in Detroit and in car dealerships around the nation – people are looking to sell more cars, and the way to do this is to offer the fairest prices. Auto dealerships are able to offer the fairest prices if they do business online, because that saves them the manpower and the overhead of having to make that sale in a brick and mortar store.
Many auto dealers actually advocate getting a car loan education online by visiting reputable car loan comparison sites and coming into the dealership after research has been done on a fair price and a fair interest rate for a particular credit score. Dealers are much more willing to bargain with the person who has done their research, as that research serves as insight as to what their competitors are up to at the moment.