Car Loan
Out of context: Reply #61
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- woodyBatts0
Fate,
As I former car salesman :)
I can tell you that if you are buying a new car, research the car totally, test drive it ( go places you would go, i.e. gas stations, drive thrus...to see if the car is really up to the standards you want it to be in. And most importantly get a saleperson who you like, an aggressive sales person wants to close the sale, frankly if you ever need that person to help you later on with warranties or service, it helps to have a good alesperson, even if you spend a little more money with them.
Never ever ever talk about price until you are set with the car, the right color, right options, once you have the car you want within eye sight and are ready to buy you can negotiate aggssively, the best way of negotiating is to say "I will spend $___ ( educated cost via research ) and buy it now"...then stay firm with the price.
loans work the same way, but be sure to know what your credit rating is, but NEVER never ever ever ever have a dealership pull your credit if yuou are not buying then and there. ( it lowers your score everytime it's pulled ) also dealerships and banks "hold points" which means that if you buy a loan from the dealership at 9%, it's likely the dealership holds 2 points on you which means the loan really goes for 7%, to get to 7% have a backup loan you can get outside the dealership, like a bank, the dealership will give away the loan just to have your business.
Fianlly if you are buying used beware, make sure you get a warranty and stay rather new in the model. The cost of the car maybe lower if used but the Banks interest rate will be sky high, and you will pay more for a older car that has more risks of breaking down on you while you are cutting payments to the bank.
email me for any advice you need ;)
whole family's in the biz