Originally Posted by Buick96
ive never bought a car on a loan either my parents paid 4500 cash for my buick and i got extremely lucky on that because my moms shop was leaving and she got two really big bonuses and since i needed a car really bad one of them went to that. this is my first vehicle i will be getting myself with a loan, i should be able to go through just fine with it since ive been paying off a college loan already. it will be a learning experience and a credit builder.
Negotiate price of the vehicle and NOT what payments you can afford. This is the number one mistake of car buyers. If you can avoid it, don't finance at the dealer. Go to a Credit Union (not a bank) and get a Pre-approved loan for the amount you are comfortable with. If you're comfortable with $10k, get a PAL for that amount. Your interest rate will be better, and you'll effectively have cash when going to a dealer.
Any truck you do find, check the value on NADA and KBB. Also, go on Edmunds to check the True Market Value. All of that stuff will let you negotiate better with the dealer.
Also, I dunno if you're trading anything in at all, but negotiate the price BEFORE you factor in the trade. Dealers love to use the trade to get the price where you want, and that'* BS.
2004 Chevy Silverado Z71 - 15% tint, FTDRL, All-on-high, 5000k lows/fogs, tinted tails, color matched grille, Sound by Kenwood.