Keep in mind that an approved car loan makes you more powerful in the eyes of your dealer.  With your financing taken care of before you visit the dealership, you have more chances to obtain the price you want for the vehicle.  Getting the approval for a Car Loan signifies that you have the financing “in your pocket”. Try to negotiate better terms and conditions with your dealer.  You have the necessary funds, the dealer will be more than willing to provide you the desired car.  In the eyes of your dealer you will be a cash buyer.  You will surely have total control of the transaction.