Here's a New Site for Car Loans
If you're needing a car loan anytime soon, I wanted to alert you to a new service that launched this week called ClearLane. They are backed by Ally Financial, which is one of the top auto lenders in the US.
ClearLane is a marketplace for car loans, and has a network that includes more than a dozen national, regional and local finance providers.
They claim you can get rates as low as 2.84% and average savings of $101 per month when refinancing a car loan through them.
It's always good to get multiple bids on your car loan, so I recommend you get quotes from them and see what kind of results you get. Since this is a new marketplace, be sure to Email Me and let me know your experience - good or bad, so I can pass on the results to my readers.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid