1.NEVER GO TO A DEALERSHIP TO LEARN ABOUT FINANCING
If you apply for credit through the dealership, they’re going to give you a APR (Annual Percentage Rate). That being said, you’re never going to know if it’s a good rate. In you’re mind, a 3% from a dealership could sound like a good deal, when in reality, if you check with your local credit union or bank, those rates could drop. You will never know the best APR you could get unless you check other establishments. Remember, before you go to the dealership, always stop at the bank first to apply for financing.
Car dealerships always mark up their prices $5,000-$10,000 above the price that they’re willing to give you. Never set for the price that they first give you. If they ever tell you that you’re getting the best deal, just simply tell them that you’re going to “look somewhere else”.
3.NEVER BUY A CAR WITHOUT TEST DRIVING IT
Every time you buy a car, you always need to test drive it. Every car is different, make sure you look out for any problems the car might have (weird sounds, rattling, etc.) If for whatever reason, they tell you take you can’t test drive the car, grab your keys and take your business somewhere else.
4.NEVER PURCHASE A CAR WITHOUT A PRE-INSPECTION
Never buy a car without inspecting it first. This ids one of the most important tips I can give you. It can run from $100-$200 and it’s definitely worth it. Especially when buying used, you don’t want a car that’s going to give you headaches all the time.
WHEN BUYING A NEW CAR, ALWAYS GET EXTENDED WARRANTY.
5.NEVER GO INTO A DEALER WITHOUT KNOWING THE TRADE-IN VALUE
Always do you’re research before trading in your car. Kelley Blue Book is a great way to check how much your car is worth. Before going to the dealership, it’s good to know the ballpark value of your car. That being said, I guarantee you that the dealership is going to low-ball you, so they make a bigger profit. Remember, always come in with a number in mind, so you get the best deal.