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Even if it is just substance outgassing, there’s nothing like that new car smell.  It says you’re  responsible, smart, and successful.  In fact, the only thing better than the new car smell is the pride you’ll feel as you take your new wheels for a ride.

It’s certainly no secret that driving a stylish new car is exciting and fun.  New cars carry warranties that protect you from unnecessary repair and maintenance bills for extended periods of time,  so they can be great investments.  The secret is in buying a brand new car, van, truck,  or SUV without deflating your budget.  For many intelligent shoppers, the right car loans turn their new car dreams into realities.

Direct Car Financing

One of the biggest money-saving actions you can take in buying your new vehicle is with financing through an independent car lender. This borrowing plan is referred to as “direct loans” or “direct  financing.”   Direct financing is any type of financing action, set up by you, without the help of the car dealer. There are considerable savings and minimal risks involved in direct loans, making them the best choice for many new car buyers.  When you walk into a dealership with a guarantee new car loan in hand, you’ve got automatic bargaining authority.  You’re able to have an upper hand in transactions, and you can stand equally to your dealer.  In the end, this increase flexibility keeps you from falling into the common trap of dealership  additional financing costs and price fixing.

Shopping Strategies

The first strategy in shopping for new vehicle loans is securing independent financing.  With that in mind, allow yourself further flexibility by applying for a loan limit of at least a little over what you anticipate to pay. This gives you extra room for flexibility at closing time, without having to think about the loan limit.  Of course, you’re under no obligation to use your whole loan limit.  Coordinating for automatic payments is another way to lower your rates.  By having your car loan payments deducted electronically from your bank account, you can save more money over the period of your loan.

Price Bargaining

Car dealers are seasoned professionals who are skilled to get every dime out of you.   For that reason, it’s no wonder that so many people part with a lot of money after “conferring” with a car dealer.  Unless you’re an experienced negotiator, or have an armor of thick skin, going through a new car purchase can be a painful experience.  The best defence from slick sales types is to walk in to the dealership with your financing already in place.  When you’re in this position, you’ll find car dealers bargaining with each other to get your business.   Speak to local car dealers, and make it clear to them that you’ve been shopping around.  Let them know that you won’t settle for anything less than the very best deal.  This leaves the dealers working to get your business, while all you need to do is select the best one.

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Owning a new car can make you feel like a million bucks, without feeling like you’ve just used up a million bucks.  Shop around for car loans and make smart financing decisions, and you’ll soon be driving along and taking in that new car smell.

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