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What should I consider before taking a consumer loan through a dealer?

• Research financing options and check if you qualify for a loan before visiting dealers to shop for your choice of washing machine or television. After all, the point of going to a dealer for a consumer loan is to see that you get a larger range of financing options from competing banks.
• When shopping, don't discuss financing until after the price of the product is settled to your satisfaction. Avoid discussing prices with dealers in terms of monthly payments.
• If you want the best deal, you need to shop quite aggressively by comparing loan options and asking lenders to give you their best rates. See yourself as a customer searching for the best deal among vendors competing against each other for your relationship. That's the truth.