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Money and Finances
Reply to "Stupid car loan/car buying question"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The last time I bought a car, I dealt with the financing prior to going to the dealership and showed up with a check from my bank (Navy Federal).[/quote] But how did you know how much you needed? Like I can see cars online and then go to my bank, but no idea if the car will still be there. Did you put a hold on the car you wanted?[/quote] You don't need to know the exact amount of the car you will purchase. You will get a pre-approval letter from the credit union. "Larla is approved for up to 50,000 for a rate of 0% interest." You take that to the dealership. The credit union will cut your check for exactly the amount you need--$50,000 or less.[/quote]
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