May 2008
Monthly Archive
Monthly Archive
This is a tale of Larry and Gary. Both needed another automobile and both
needed to get an automobile loan. Larry started shopping for a car. Gary
started by getting an online automobile loan.
Who do you think ended up with the better deal?
Larry went from car dealer to car dealer looking for the best car. He didn’t
know what he could afford. He was just looking to get a deal. Every car
salesman asked the same question: what kind of payment were you looking for?
And Larry would respond; I can’t afford more than 300 a month. If Larry
had looked he would have seen the salesman drooling.
The salesman knew he could make the sale now. Larry let him know he
needed an automobile loan. The salesman knew his boss would give
anyone an automobile loan. The interest rate would be revealed only after
the deal was made. Good for the dealer. Bad for Larry.
Well, Larry found a car he liked. Then, the loan process began. After a number
of attempts by the loan manager to upsell extended warranty Larry finally
finished. With the loan papers signed Larry had a payment for $288 a month for 4
years. Better than he thought. His interest rate?
16.9%
Gary, on the other hand, went to online and got his automobile loan
first. And he received a blank check up to his approved automobile loan amount.
Well, Gary was able to shop around for the best car at the best price. He
already knew his price range and he was already pre-approved.
When the car salesmen asked: “what kind of payment are you looking
for?”
Gary just answered: I’ve already gotten my automobile loan online.
In fact, I plan to give you a check today if the price is right. This caused the
salesman to go to work.
Why?
Because he knew that to make this sale he would have to earn it. And Gary was
the same as a cash buyer. So, he showed Gary better cars and quoted lower
prices in hopes of making a sale.
Gary got a better car than Larry for the same price. And because Gary got an
online automobile loan what do you think his interest rate was?
8.9 %
Gary’s savings: $1920 plus a better quality car. Interest rates will vary,
some higher some lower.
So…
Who would you rather be in this story?
If you would rather be Gary, then visit Road Loans
today.
0 comments Sunday 25 May 2008 | automobileloan | Automobile Loan Online