I know most of you know about interest rates when purchasing a vehicle but are you aware that interest rates are negotiable? Believe it or not, car dealers receive compensation for auto loans and interest rates are often included in deals with finance companies as well as banks. Most people are very private about their spending when it comes to financing a vehicle or buying a house. Ask around; the world has changed, everything is not cut and dry or black and white as it once appeared. If you are afraid of inquiries affecting your credit rating, type a message to add to your credit file stating that you were shopping interest rates on a specific purchase. Many people are unaware that you can add content to your credit file as well. Another strategy is to inform the potential lender of your strategy but keep the shopping to a small group; don’t over extend your quest for a better rate.
Bankers, mortgage companies and other financial institutions can be flexible with interest rates. When making comparisons, count the cost of ALL FEEs connected to any loans. It’s a money game, what might be a lower interest rate may just be made up in the form of an additional fee of some type. Develop strategies to ask questions and uncover the fee game when financing your next vehicle or home. Pass this information to another, hundreds to thousands of dollars can be saved. In the end the decisions is yours; do your research, slow the process down a little bit before commiting to long-term loan agreements, it can save you hundreds if no thousands of dollars over the life of a contract.
It’s time to Tackle The Beast – Get Cents Get Paid!
Subscribe – Follow – Share begin here:
www.moneymaze.net
www.moneymazeriseofthebeast.net
#moneymazeref #moneymazereferee #moneymazenetwork #moneymazeriseofthebeast
No comments:
Post a Comment