Car dealers and car dealerships aren't renowned for fair and honest dealing. There was an old country song, "I wouldn't buy an employed car from him." Just before you begin looking for a car or a truck, you need to know the facts and prearrange financing even should you have excellent credit. If your credit is less than stellar, it really is even more essential.
You'll find lots and plenty of techniques that car dealers can "get to you" if your credit is not very great.
One way is that they'll tell you that, since your credit is bad, that you may be charged a higher interest rate. This is just not necessarily accurate, but if you leave financing up to the car dealer to arrange, it'll most likely be a self-fulfilling prophecy.
An unscrupulous car dealer may well tell you that the finance organization "requires" that you buy the extended warranty policy because your credit is less than ideal. He may also tell you that the lender "requires" that you take the credit life insurance. These are just plain and easy bald-faced lies, but because you are desperate for a car and thus a car loan, you might be apt to think him. You may end up with a car or truck note that's far too high and one that you can't possibly meet each and every month.
Another trick of car dealers would be to demand that you've a co-signer for your car loan, and then they pull the old bait-and-switch trick on you and the loan is actually created to the co-signer rather than to you.
The bottom line here is that if your credit is less than ideal, you'll need to arrange your financing first and shop for a car or truck second!
Author Resource:
This article is courtesy of Auto District, automotive classifieds featuring trucks for sale , including used cars .
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