The Importance of Financing Pre-Approval

There is a very cool new online tool on the market to help you find the best prices on 2010 Camaros — or any other models — near you.  It’s called Truecar.com.  Truecar aggregates real sales data from all over the country to tell you juicy datapoints such as:

• Sticker Price (MSRP)
• What Dealers Really Pay for the Model
• What Other Recent Buyers Have Paid (in your zip, region, and nationally!)
• What Constitutes a Good, Great, and Overpaid Price

To test the site, we requested a price report for a 2010 Chevrolet Camaro 2dr Coupe SS in zip code 28801 (Asheville, NC).  The process took only about 1 minute, and here’s what we learned:

• True Cost to Dealers:  $30,248
• Sticker Price:  $31,795
• Average Price Paid:  $31,051

Below we’ve included an image of the report.  You can even print the report to bring to your dealer.  We don’t have to deal you what an amazing amount of leverage this little baby will give you in the sales office.

Um...Wow...

Of course this price report doesn’t automatically give you the best deal possible.  As we all know, your financing rate and fees constitute nearly as significant a cost factor your negotiated vehicle price does.  The last thing you want to do is walk into the dealer with your price report in hand, get the price you think you want, and realize down the road that the auto finance manager simply rolled your savings into a more expensive car loan.  We suggest that you arranged your financing beforehand.  You can apply here:  car loans online.  With financing already approved, you focus solely on what’s most important:  getting the very best deal possible on your new Camaro.

Financing Your 2011 Camaro

The 2011 Camaro is going to be produced relatively unchanged from the 2010 model, with just a couple of minor tweaks.  Perhaps the most buzzworthy of these is the introduction of an 11-function Heads-up Display that would be as comfortable in a fighter jet as in this Chevy sports coupe.

According to Chevy, the Heads-up Display (known as a “HUD” among fighter pilots) will display the following 11 functions:

• Tachometer
• Speedo
• Compass
• Onstar
• Gear Indicator
• Temperature
• Phone Functions
• Audio Information
• Turn Signal and High-Beam Indicators

Additionally, Camaro owners who opt for the manual gearbox will enjoy a paddle-shift option with HUD gear indicator.

The new Camaro is slated to go into production in early June.  You can wait till then if you just have to have the HUD, but if you can settle for a largely unchanged 2010 model, Chevy is offering zero percent financing on many models.  With the Fed funds rate projected to increase as the economy gets back on its feet, now is the time to get the lowest rate auto loans possible in your area.

To price ’10 or ’11 Camaros you don’t even have to leave the comfort of your computer.  When you visit CarQuoteASAP you can request Camaro price quotes from local dealers in your area.  It takes less than 2 minutes, and you don’t have to give out your SSN as you would to apply for financing.

The 2010 Camaro, Profilin'

Comparison shopping is key to the car buying process.  If you don’t shop around for Camaro quotes, you could end up paying too much.  Also be sure to check your credit report before you ever apply for financing, as auto loan rates are determined by credit score.   You can check your report for free at the government site AnnualCreditReport.com, though getting your actual score costs a few bucks extra.

Horsepower:  426

0-60:  5.0 seconds flat

1/4 mile:  13 seconds @ 110 mph

Camaro beats them both in a straight line.  They say the Camaro feels big in the curves, but is about as fast around the track as the Mustang.  Interior goes to Camaro as well.  Check out the vid.