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 Dear
Terry,
I have received several offers from a certain
credit card company for a new car loan. The letters
say I'm preapproved. I am currently in the market
for a new car, but don't want to lower my credit
score by applying for new credit. Is it a good
idea to apply for an account this way? Or should
I let a dealer find me a finance company?
-- Gladysmaria
 Dear
Gladysmaria,
While I can't endorse a specific lender, I can tell you that it's always better to go shopping for a new car with your financing already lined up.
The dealer gets a commission for setting you up with a loan and the interest rate may not be as good as you can get on your own.
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