There are hundreds of sales tactics used by Car Salesmen, Mortgage Brokers and everyone else who is selling you a large ticket item, to maximize their profit on the deal. All they want from you is your credit history so they can find out how much money they can make.The best way to protect yourself from them is to go into the negotiation pre-approved. They don't need your credit information, all they need to know is your Pre-Approved. Your credit history is none of their business.
If you have perfect credit, you may not be getting the best interest rate because the Dealer is making "points" off you at the Bank. If your credit is less than perfect you could be charged a higher price to cover a "fee/discount" the lender is charging to the Dealer. These people are professionals! They are trained to convince you that you got a good deal. They do this everyday and you do it a few times in your life.
When you already have your financing prepared, you are treated like their best customer and you are protected form all the "price raising" finance schemes that are out there. Even if your credit isn't perfect, you should still get pre-approved with a lender. Once this happens, you go onto the car lot or into the home purchase with funds in hand, ready to close. No one else needs to look into your credit history. The only thing left is to negotiate the best price you are comfortable with paying. No one will be able to take advantage of you again.
This site offers many lenders who will deal with you directly, regardless of your credit history, to get you the Home purchase, Equity Line, Automobile, new or used, or refinance of your choice. To further assist you in getting the best deal possible, we also offer links to sites where you can get insurance quotes, book values, appraisals and market value reports, free credit reports, and email access to our TheLoanisDone.com consultants who have over 25 years experience getting all kinds of customers, all kinds of financing.
