What Happens in That Little Back Office?

So you've found a car, truck, or motorcycle and you're ready to sign on the dotted line. Now comes the part where you have to negotiate how exactly you're going to finance the vehicle. What's the deal with the little back office?

Negoitating financing is easier than you think. The interest rate you qualify for is the most important factor. You can get a better interest rate when you have superior credit. In most cases you can get an excellent interest rate through a credit union, because credit unions return their profits back to their members in the form of low interest rates on loans and high interest rates on savings accounts.

What if the dealer insists that 0% financing is the way to go? Well, 0% financing is great, but you need to also consider what will be the better deal in the long run. In many cases manufacturers will offer either 0% financing or a large rebate. If you choose to take the rebate you can apply that to the loan up front, then finance at a great rate through your credit union, and you'll actually save money over the life of the loan.

More questions? Make sure you're armed with the facts before the dealer asks you to step into his little office in the back corner. Visit www.GetACreditUnionLoan.com to find out more great tips.