Pre Approved Auto Loan

Buy Like
A Cash Buyer

Get a pre approved auto loan...
The 2^nd of 11 essential steps in the car buying guide

Arranging your own financing can and more than likely will save you thousands! Car dealerships can profit Big Time when you allow them to arrange financing for you.

Most consumers do not realize just how big a profit center the Finance Office is for a car dealership.

Below I'd like to show you 3 major reasons to get pre approved and a little further down, some places to get your approval.

3 Reasons To Get A
Pre Approved Auto Loan

1) You Eliminate Any Rate Mark Up
What this means is if a dealer were able to get a 5.9% buy rate from a lender, the lender will, on average, allow a two point markup.

This means the dealership could sell the loan to you at 7.9%, and over the term of the loan this could equate to hundreds, or even thousands of dollars in profits that you paid unnecessarily to the dealer.

2) Allows You To "Buy Like a Cash Buyer"
Buying like a cash buyer greatly increases the leverage you have when negotiating the best possible deal.

I recently observed the last 60 deals at my dealership, and found that cash buyers paid over $2500 less per car deal, compared to those that financed.

If that's not a call to action, I don't know what is!

When you are able to "Buy Like a Cash Buyer" you don't have to worry about negotiating monthly payment, you can instead focus on the Out The Door Amount.

This powerful method of negotiating is usually why these customers have the cash to pay for vehicles. They focus on the bottom line figures and not monthly payments.

3) Make The Dealer Compete For Your Financing
Yes, I know I just gave you some pretty convincing reasons to secure your own auto loan, but if you're approved from your source for 6.9% and the dealer can offer 5.9%, take the 5.9%.

Who cares if they are making a small profit, they just saved you a bunch of money. Better yet, you just saved yourself a bunch of money, because you forced the dealer to give you their most competitive rates.

This was all due to you doing the smart thing and getting a pre approved auto loan.

Where To Get Your
Pre Approved Auto Loan

If you have average to excellent credit:

• A local credit union
• Your local bank
• MyAutoLoan.com ""Auto Finance""

If you have bad credit, then you will more than likely need to work directly with a special finance loan specialist.

These special finance loan specialists either work for the dealership, or in close connection with them. This is necessary in order to simplify the car buying process for you and they will help you with selecting a car that works for both you and the lender.

Simply fill out any one of these easy and secure special finance auto loan applications and a specialist in your local area will be in touch with you shortly to discuss the details of your new auto loan.

Depending on the time of day, you could be approved and driving your new car in the next few hours...

Basic Qualifications:

• $1,500 monthly gross income.
• No repossessions in the past year unless included in a bankruptcy.
• All applicants must be at least 18 years of age.
• Service not available for purchases outside of North America.
• Service not available for purchases from private parties or refinancing.

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