Don't Even THINK About Buying A Car Without Knowing These 5 Dealer Tricks...
Buying a car can be an excrutiatingly painful experience, both emotionally and financially, especially if you don't prepare yourself for those slick auto sales people.
Here's 5 quick tips to know before heading into the dealership...
1. You can easily avoid a common scam that dealerships pull. You will often hear that your financing fell through and that you have to respond by paying more money on your loan.
Don't believe it. Get a copy of your credit information online at a website like Equifax, so you'll know exactly where you stand with your credit scores. 2. Another common scam by dealership salesmen is for them to tell you that they have found you a lower rate, but that they want you to re-sign your loan papers. Usually, that is a downright lie. Once they pull up your financing information, they have the upper hand if you don't know the details about your credit information. Again, it's another great reason to get a copy of your credit score before shopping for a new or used car. They only cost about $10-$15 and it's better to pay $15 now than thousands later. 3. Don't bring in a car for trade in if you still owe money on it. The dealership rarely pays the rest of the loan on time which will result in you having to pay a great deal of late fees to the bank. If you do decide to bring a car in that you owe money on, get it in writing from the dealership that they will pay the balance on the car within 10 days. 4. Sometimes a dealership may not have all of your options and must order the car directly from the dealership. If this happens they will often ask you to pay $500-$1000 for a deposit on the car. Try not to pay more than $500 and be sure to pay with a credit card. Sometimes the dealership will tell you that there was a price increase on the vehicle and will want more money. If you pay with a credit card you have room to dispute the amount being taken from you. If you pay by check, you can just consider the money gone. 5. You should never buy a car when you are in desperate need for one. A dealer will see that and take advantage. For example, never wait until an old car is dead before searching for a new one. Give yourself time to shop around for one and get the best deal possible. Desperation often clouds your judgment. Getting a good deal on a new or used car is easier than you think. You just have to be prepared before entering the dealership. And these 5 tips will help you drive out with the car of your dreams...at a savings that will make you smile.
Buying A Car
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