thegreatsarah OP t1_jef41af wrote on March 31, 2023 at 3:37 PM

Reply to comment by alexm2816 in Buying a New Car - Financing Rate Questions by thegreatsarah

Yeah I’m prepared to not have the rates they’re advertising, and I do have financing from my own bank already lined up! I’m worried about the dings to my credit if I get to the dealer and get to the point of them going ‘we’ll offer you xyz% if you finance through us’, am I just misunderstanding that? Because if I really can’t get a better rate now, then I’d just wait until June, but would these financing checks later affect my credit when I want to purchase then? Thanks again for your help!

alexm2816 t1_jef54jy wrote on March 31, 2023 at 3:44 PM

Straw break camels' backs all the time but it's unlikely that you're going to see a drastic swing in financing if you start/stop and start in June vs just going with the flow. Obviously there's changes to prime rates that can have an impact if you delay but this is so speculative and assumptions built in that no one knows what will happen even though everyone guesses.

The smartest play almost always remains to take your time shopping and buy when your need is high but without being rushed. Look for a deal you can't refuse to hit you in the face but don't go rushing out.