Quote:
Originally Posted by Oldmanb777
Usually wherever you bank is the best place to start looking for a loan, but don't stop there. Shopping for a loan is as important as shopping for the car. Better yet, finance it yourself, pay yourself the interest, not the bank. That takes a bit of time a patience. Put your car payment into a saving account of some sort. Put it to work for you. Then when you have enough, go pay cash for your vehicle. Cash is an amazing bargaining tool as well. Then start the process all over again. that way you don't pay for the same car twice.
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Good post, but just to clarify, cash is NOT an amazing bargaining tool at all. Quite the opposite. Dealers make good money setting up financing and even if you are paying cash for the vehicle, keep this to yourself until the price is finalized. If you walk into a dealer waving cash it will absolutely hurt your deal.