If you've ever had to go through a financial meeting at a car dealership to find out if you can get a loan for your new car, you know that it can quickly take the fun out of buying a car. The process of buying a car should be fun for the person doing it, but they can't have fun because they have to worry about how to pay for it the whole time.
Almost all people who want to buy a car are tired of car dealerships because they have had salespeople or finance managers try to add auto financing options that aren't necessary and only help the car dealership. But car lenders now offer blank checks, which makes it easier to buy a car. The steps are easy enough.
Before going to the dealership, the borrower fills out an online application for a loan with a maximum amount. Approval is fast and easy if the person buying the car is an overnighter. When the buyer gets their blank check, they can go test drive cars in their price range and choose the one that fits their needs and wants the best.
Instead of haggling with the salesman, managers, or finance manager, all the car buyer has to do is pick the car they want at the price they want and fill out the blank check. The price of their loan is the amount they write on the blank check.
