| Many consumers are completely unaware of the | | | | pre-approval application available at their websites |
| fact that they can find their new car online. That's | | | | and the consumer can find out what their total |
| right, a majority of big lot car dealers like to post | | | | available purchase amount will be. This is a great |
| all of their vehicles online and many popular search | | | | way to get the ball rolling on the purchase of a |
| engines have special auto searching features that | | | | new car, but it helps to know if you have a |
| can line a buyer up with the car of their dreams. | | | | decent credit report and credit score in advance. |
| How does this work? Well, it is similar to the | | | | Why is that? This is for several reasons. If you |
| popular MLS features on many realtor sites that | | | | make a few applications across a number of |
| allow the consumer to enter the basic search | | | | dealerships you may actually be hurting your |
| criteria and then wait for the results to be | | | | credit score because inquiries can often be |
| returned. It is the same thing with online auto | | | | viewed as a negative against the overall score. |
| locators. You can enter a specific make or model, | | | | Secondly, if you know your credit score you will |
| or you can simply indicate the type of vehicle, like | | | | know what kind of vehicles and what kind of |
| a truck or sedan, and the maximum price range | | | | price range you will be able to get a loan approval |
| you'll be able to afford. Many dealerships make | | | | for. This saves a shopper lots of time that might |
| both new and used auto information available and | | | | be spent looking at and test driving cars that are |
| this is a great bonus for those looking for good | | | | out of their purchasing class. |
| deals and who also have limited budgets or poor | | | | Another good thing about online financing is that if |
| credit. | | | | a shopper is really set on a particular brand of |
| What if the car I want is in another state? Well, | | | | vehicle they can also have their application sent to |
| there is the possibility of acquiring that car | | | | affiliated lenders and dealerships who may be able |
| through a local dealer. It is a good idea to print out | | | | to pull together a financing package with better |
| any information about the distant vehicle and bring | | | | terms. This is particularly true of people with bad |
| it with you to the dealership. Be aware that they | | | | credit and larger auto dealerships. This is a |
| may tack on extra fees for this service and it | | | | process known as auto leads, and the dealers |
| may make it a less desirable purchase, but as the | | | | look for people who are ready to buy and may |
| old saying goes "it doesn't hurt to ask", and this is | | | | have some financing challenges. So, not only can |
| especially true in the current economy. | | | | you find a car online you can find the best loan |
| Can I find out about financing as well? Absolutely! | | | | rates as well! |
| Many modern auto dealers are making a | | | | |