Get Preapproved for a Car Loan

Don't trust the dealership when they say they can offer you the best rates. Walk onto the lot with an approved loan in hand and you'll find the process of buying a car much more enjoyable. With a check in hand from your lender, you are able to tell the dealer exactly how much you are willing to pay for a car. Many times the dealer will knock thousands of dollars off the cost of the car if you have a check ready. If the dealer can get you approved for a lower rate than what you already have, then that's even better.