So you've found the Caravan you've always dreamed about, right down to colour of the curtains and extra accessories. You've done your analysis, which suggests that now's never been the best time for you to get a new van. It appears like you're more than willing to head right down to your local dealership, choose your ideal van and sign on the dotted-line of the finance agreement?
In reality, the hard work has only just started! Acquiring cheap caravan finance can be a bit of a tedious procedure, specifically when you're attempting to acquire the best rate of annual interest. Your caravan dealer hopes to make the most money out of you as is feasible, while you seek the most attractive rate of loan available. So what's a knowledgeable shopper like your self to do during this scenario? Simple: don't fall victim to these widely used techniques, and you will be well on your way towards towing home that new caravan - without having the hole in your finances!
Payments in the Short Term. That very low rate per month may seem desirable now, but jump forward a few years later when you've paid back a lot of money in interest - it doesn't appear like a good deal anymore, now does it? You might think in terms of what you are able to afford for monthly installments, however when getting caravan finance, negotiate with the bigger picture in your mind. The health and well being of your banking account depends on it.
Indecisiveness. If you're considering a new caravan for the entire family to use and have your lady or hubby in whilst at the dealership, avoid the temptation to ask the other person questions while in front of the dealer. Caravan sales staff do well at playing indecisive potential customers off of each other, so make sure you along with your partner know exactly what you need ahead of entering into negotiations on terms.
Being Without Several Finance Offer. If your dealership recognizes that you're depending on financing, you can bet that you're not likely to get a great offer. Having said that, many lenders are now offering people the chance to get pre-approved for a loan before moving into talks with a dealer. Having an additional offer on the table will help make your dealership work much harder to make sure you receive the best caravan finance possible - which means that you'll hold the upper hand on the subject of finance!
Desperate To Pickup That New Caravan Asap. If you hint to the dealership you're interested in buying a new caravan As quick as possible, you lose much of your negotiating strength, due to the fact he or she recognises that you can't walk away. This sense of urgency ensures that the dealer may be more inflexible in what provisions he or she will offer you - so even though you need the caravan that morning, put on your best bluffing face to get the best financing deal available!
Just because you will need to funding via your dealership doesn't signify you have to resign oneself to caravan finance with expensive interest rates. Just look out for these tricks, and you'll have the upper hand during even the most rigorous discussions.