BVS Performance Solutions FinancialGuru - Car Loans Description: Image of hand holding a cell phone that is displaying an auto loan request form. Narrator: If you're in the market for a new car, you're probably also in the market for a car loan. Description: Image of a car dealership website. Narrator: So, you're also in the market for information on getting the best deal. Narrator: The first thing to know is you don't have to finance through the dealership. Description: A video clip of a woman sitting in a banker's office reviewing paperwork. Narrator: In fact, securing your financing before going to the dealership could be the best bargaining move you can make. Description: Image of the words "PRE-APPROVED" superimposed over a background of a cloudy sky. This image dissolves into an image of a car lot at a dealership. After a moment a hand appears holding $100-dollar bills. Narrator: A pre-approved loan saves time and prepares you to shop. Knowing what you can afford gives you extra bargaining power. Description: Image of a car dealer pointing at the price of a car displayed on the windshield. Narrator: With financing in hand, you're a cash buyer as far as the dealership is concerned, so you're free to concentrate on getting the best price. Narrator: Not to mention, dealerships often add financing costs to a vehicle's purchase price. Narrator: If you're a cash buyer, these costs don't apply. Description: Image of a car dealer in the showroom with a clipboard in-hand. Narrator: If the dealer does offer a lower rate, you should still consider carefully before accepting. Narrator: You need to make sure there aren't other trade-offs. Description: Image of cellphone. The following questions appear on the screen. Narrator: Here are some questions you should ask. Is the financing available for a limited time only? Will you be charged a higher price to qualify for the low-rate financing? Does dealer financing require a large down payment? Are there limits on the term of the loan? Is a balloon payment due at the end of the loan? That's a final loan payment substantially larger than the previous installments. Are you required to give back the manufacturer's rebate to the dealer? Are there any other fees? Description: Video clip of couple sitting on couch reviewing a car dealership website on a tablet. Narrator: You can see there's a lot to consider, so it's often simpler to secure your car loan with us before heading to the dealer. Description: Image of a person handing a set of car keys to another person. The keys are then replaced with several bundles of cash. Narrator: Following these steps will make the often complex process of buying a car go much smoother and could save you money.