Quite a bit of study has been done in the area of determining if pre financed auto buyers get a better deal on their car financing than one who gets their financing at the time of purchase. The results have consistently shown that those who have their financing worked out before they start shopping end up with better pricing. It was found that one of the first questions a potential customer is asked is how they plan to pay for the car they select. Those who say they have their financing or plan to pay cash are offered a lower price almost 100% of the time by the sales the first time price is discussed.

As the car loan shopping experience continues, the dealership realizes that that with financing in hand the customer can go somewhere else any time. This has a measurable impact of keeping the pricing offered very competitive. Until the prevalence of auto loans on the internet, it was very cumbersome for a potential car buyer to obtain financing prior to looking. It often meant going to the bank and getting a commitment. This was both time consuming and a bit intimidating.

Fortunately that's all changed. It's possible to get best car loan rates online. Auto financing can be completed over the internet in a few short minutes. Often an answer can be gotten very quickly. This applies to all types of credit. With the advantage of being able to complete the process in the privacy of one's home or office, there's no dread of what may be said about someone's credit. Better prices and better rates, it's about time the internet started shaking up the car business.