Car loans in New Orleans
A vehicle is not just a means of transportation. A lot of people feel their car reflects their personality. The color, power, and a catchy design are some of the reasons why people decide to buy a certain car. However, not everyone can just strut into an auto dealership and pay cash outright for a car. So, with that being said car loans are available to help you in buying a vehicle. However, not everyone has prefect credit. That is where we come in. We are justgetmeapproved.com and we help get people connected with lenders. Lenders that work with people that apply for car loans in New Orleans. Because let’s face it, the big banks are not going to extend a loan to anyone with bad credit any longer.
Before you apply for a car loan pull your credit report
Just about everything you do and buy anymore is recorded in some database. However, people do data entry, and people make mistakes. Mistakes that seem innocent and harmless could hurt your credit rating. Someone could have entered an incorrect account number in their system and applied to your account a late payment. It isn’t also not uncommon for a person with a common name like Jose Torres to have other Jose’s info on their report. As a result of a data entry error. So, go online and pull your credit report for free and look at it. Don’t be afraid to question something that looks wrong. If an account is open at a store that you have never heard of and are sure you didn’t open it. Call them and ask what that is all about. Removing any errors on your credit report will help you when you apply for your car loan.
Compare values of the vehicle you are looking to purchase
If you think the dealership is going to give you “rock bottom pricing” you’re kidding yourself. Typically, customers show up at the dealership. Walk around looking at the cars. Find one they like. And the stick price is with the range they want to spend. Go out for a test drive. Then go into the office and buy it. Believing the sticker price is really what the car is worth. Don’t fall for this. Say you live in New Orleans and at Honda they have a car you want. Before you drive over and buy it. See what Toyota has. They might have a similar car over there. After you have decided which car you want to buy. Do yourself a favor. Research online what the car is selling for. Because of this knowledge you might show the sales person this info and save $400 on the price of the car.
Selecting the lender is the last step
Since you researched what the car is worth and worked on your credit report. The final thing you need to do is get a loan. This is where we don’t want all your hard work go down the drain. If you go to a dealership and sit in the sales persons office. They want you to finance with them. The reason is they earn a commission on the loan on top of the commission for selling you the car if you their in-house financing. Which is a huge mistake. See just like when you looked around at other dealerships for comparable cars. You need to do the same thing with your lender. Here is a link to a video explaining it. However, no one has the time to sit down and call a bunch of different lenders. So how can you get an idea of what interest rate you could qualify for? Easy, just apply online with justgetmeapproved.com When you apply with us your loan information is securely sent to the network of lenders we work with. Some lenders might decide to pass on it. While others will welcome the opportunity to lend to you. By filling out our one online application. You get the benefit of several lenders contacting you telling you what they can do for you. When lenders compete for your loan that helps keep the interest rate lower.
Rather than be stuck in a sales person office going back and forth with the finance manager in the other room. We help you remove that entire stressful step of the car buying process. With us is as simple as apply online, pick a lender. Then go get yourself a car! Apply online today!