Got bad Credit? Need a car loan in Seattle? Why not help yourself by doing a little up
front work? By verifying your credit report you will help to establish a credit
worthy foundation you can use for years to come.
Do not be fooled by
people asking for money, you can do this yourself at no cost. Ensuring your
credit report accurately displays the correct information is the first step to
take in obtaining a car loan. Lenders will not lend you money if they do not
believe you can pay it back. By verifying and correcting mistakes on your
credit report you will be able to obtain a better interest rate and possible a
Once you have fixed your credit report begin shopping for a lender to
borrow from be sure and bring information regarding what you think a fair
monthly payment is and how much you will have for a down payment. The
larger your down payment the lower the interest rate will be. I will always
go to my credit union first since they will also be able to tell you the true
market value of the vehicle you are looking at purchasing. Again, do this on
your own, it does not cost you any money, and will save you money over
the course of the loan. Remember, the more people you have competing
for your business the better your bargaining power.
Once you have your certified loan paperwork start shopping, one trick is to
leverage the dealership with what you have in hand. Tell them you have a
better rate than what they are offering and that you need the price of the
car reduced. If they will not give you what you want just move on, your loan
paper work is accepted anywhere they sell cars.