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A sound plan, auto financing can streamline your vehicle shopping experience

Posted on Tuesday, June 17, 2014 at 3:23:57 PM

When it comes time to buy a car, conventional wisdom would say that it is more important to save money, not time. However, a recent report found that auto shoppers are just as interested in finding a deal quickly as they are trying to get the most bang for their buck.

While interest is always high in acquiring affordable auto financing, it seems that many car buyers are changing how they want to shop for a new vehicle. If you are short on time, Home Loan Investment Bank's Christine Dikdan recently offered some advice on how to speed up the process without sacrificing quality and price.

"It's called the ultimate multi-task master," she explained. "Consumers want to save money and make a quick transaction to avoid minimal lost time at work. And, they want to streamline their already over-scheduled lives, all while saving money, of course! Again, the Internet makes this much easier to do, with multiple sources for pricing between dealerships, private party sale listings, Craigslist, and Auto Trader - just to name a few. You can apply different searches that can pinpoint just about anything. Who does not want to have their cake and eat it too? Yummy!"

In today's fast-paced economy, time is at a premium for everybody. For those that want to streamline the auto-buying experience, there are several simple steps that you can take.

For example, Dikdan recommended:

  • Search prices and vehicles in your area online
  • Pick the three best options to pursue
  • Create a pros and cons list and then decide

A number of other buyers have even taken to skipping out on the test drive before finalizing a deal. According to Dikdan, this strategy isn't an ideal solution, because there are many different things that you might not like with the vehicle.

"A vehicle is most likely the second most expensive purchase a consumer will make, other than a home," she noted. "In my opinion, skipping a test drive is not an option. The dealership experience is almost as important as the vehicle you are buying. Depending on how well you were served should be a good indicator of how well you will be served in the future should you have additional questions or if a problem arises."

If you are in the market for a new vehicle and are short on time, feel free to contact Home Loan Investment Bank with any auto financing questions you may have.