For most people, purchasing an automobile is one of the major buying experiences of their lives. There are a great many exciting experiences that come from buying a new car. No matter who you are, it is fun to buy a brand new vehicle. You are the first and only one to drive that new car down the highway. You smell that new car smell. And, you are happy. However, one of the things that you have probably gave little thought to is how you are going to finance for your new car.
The reason that you should think about your auto financing is that you should check to make sure that you have not been ripped-off in a typical car dealer scam. In case you don’t know, the scam works likes this. The car dealer tells you that he can get you approved at a certain interest rate based on your credit factors. The car dealer will tell you that he has a great many lenders that will approve your loan application quickly. And all of these things are true. But, what your smiling, friendly car dealer doesn’t tell you is that he is going to make a lot of money from arranging your car loan.
When you get a dealer arranged car loan, you are getting ripped-off big time. Car dealers play the middle-man when they arrange your car loan. They have a deal with the banks where they can add on a few extra interest points onto each car loan that they arrange. So, the car dealer sort of “feels you out” to see how many extra points that he can add to your loan before you balk and walk out on the deal. Remember, car dealers are professional negotiators, they will win most of the time.
Eventually, you may do the math. You may realize that you are paying way to much every month for your car. At this point, you may start to ask, “How can I slash my payments?”
Well, once that you have accepted the fact that you have been ripped-off by your car dealer, you can take charge and call Ignition Financial to refinance your car loan.
One of the most important things to know is that you are not locked into the terms of your original high-interest loan that you got when you bought your car. Call Ignition Financial to refinance your car loan and start saving money today.