Comments on: Can I use my approved car loan from my bank as a barging chip to get a better loan at the dealership? http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/ Compare Mortgage Loan and Car Loan Rates Fri, 02 Jul 2010 23:23:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: robodude1 http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/comment-page-1/#comment-279 robodude1 Thu, 23 Jul 2009 16:18:02 +0000 http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/#comment-279 <a href=""></a> Your bank loan commitment should always be better than what a dealer will do. They make money on top of the bank financing. The only time that the dealer will beat the bank is when they have a sale. You can get unbelievable financing then. My son-in-law is a sales manager and explained this all. Instead of reducing the price of the car for sale, they give you financing or lease deals that our fantastic. Fred

Your bank loan commitment should always be better than what a dealer will do. They make money on top of the bank financing.

The only time that the dealer will beat the bank is when they have a sale. You can get unbelievable financing then.

My son-in-law is a sales manager and explained this all. Instead of reducing the price of the car for sale, they give you financing or lease deals that our fantastic.

Fred

]]> By: bigdaddy http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/comment-page-1/#comment-278 bigdaddy Wed, 22 Jul 2009 10:29:43 +0000 http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/#comment-278 <a href=""></a> yes ! wait to the dealership gives you the lowest rate they will finance the car at and if your bank loan is at a lower rate give them the paperwork from the bank. Watch how they will make their rate lower.

yes ! wait to the dealership gives you the lowest rate they will finance the car at and if your bank loan is at a lower rate give them the paperwork from the bank. Watch how they will make their rate lower.

]]> By: whowhat? http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/comment-page-1/#comment-277 whowhat? Sun, 19 Jul 2009 09:37:42 +0000 http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/#comment-277 <a href=""></a> You certainly can. If they finance you even at the same rate, they would get the income from that loan (either interest or selling it to another loan company). Dealerships are pretty desperate for sales right now so go to Edmunds.com and look up what they paid for the car and pay only a few hundred above invoice (not MSRP). If it is an American car, you can probably pay invoice or below that.

You certainly can. If they finance you even at the same rate, they would get the income from that loan (either interest or selling it to another loan company).

Dealerships are pretty desperate for sales right now so go to Edmunds.com and look up what they paid for the car and pay only a few hundred above invoice (not MSRP).

If it is an American car, you can probably pay invoice or below that.

]]> By: Chad g http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/comment-page-1/#comment-276 Chad g Fri, 17 Jul 2009 23:27:21 +0000 http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/#comment-276 <a href=""></a> if you mean the price is 10000, and you say you are only aprroved for 9,000...then yes, it might help. what ever you do do not walk in and say, I can get a car up to 9,000...because I guarentee that is how much you will spend.

if you mean the price is 10000, and you say you are only aprroved for 9,000…then yes, it might help. what ever you do do not walk in and say, I can get a car up to 9,000…because I guarentee that is how much you will spend.

]]> By: Huba http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/comment-page-1/#comment-275 Huba Thu, 16 Jul 2009 13:24:52 +0000 http://www.currentloanrates.net/blog/car-loans/can-i-use-my-approved-car-loan-from-my-bank-as-a-barging-chip-to-get-a-better-loan-at-the-dealership/164/#comment-275 <a href=""></a> Yes, you can ask if they can beat the financing you already have pre-approved. Also, see if they have an indirect lending program through a credit union. By joining you may find a better rate there, too.

Yes, you can ask if they can beat the financing you already have pre-approved. Also, see if they have an indirect lending program through a credit union. By joining you may find a better rate there, too.

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