In New York Daily News Jean Chatzky discusses the lack of research done on behalf of the consumer on finding the best financing for their new car, in comparison to the research done on the car itself.
“We look at miles per gallon, safety ratings and interior space. We take it for a test drive. And then when it comes time to sign on the dotted line, we do it, sometimes without a thought to whether the interest rate is the best we can get.”
Chatzky continues to explain that simple research on the value of their credit score can save consumers a lot of money over the life of their new purchase. She references MoneyAisle as a resource to see what your own credit score is worth without and personal information or cost:
“For guidance, type some details into MoneyAisle.com and allow lenders to bid on you. You don’t have to include any personal info, and you’re under no obligation to accept a loan, so it’s like window shopping. You put in your zip code, the car year and make, the purchase price, loan amount and your credit score range, and you’ll get several responses.”
To see what interest rate your credit score can get you on your next new car loan, visit MoneyAisle.