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used car buying advice
If you can, you should avoid them all together. They are all generally the same. You will also want to get a warranty with a well established finance company and not one that go belly up in a year. In the end you will get what you want on your own terms.
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You can avoid a common scam that dealerships pull. Based on the above calculations, the dealers real cost is ,922 (invoice) - 0 (incentive) - 7 (holdback) = ,957. Extended warranties often do cover any repairs that you require during your coverage period, but there is often some information that you are not told about. The Forced Credit Application If you are hoping to pay for a car outright or in cash with a bank draft or check that is what you should do. See how silly this is.
There are many things that you dont want to see a dealership do to you as a buyer, but there are some things that you should not do as well, if you dont want to alienate the dealer.
Here is a list of donts that you should abide by if you are really looking to get a good deal.
Dont try to pull one over on the dealer by lying about the condition of your trade in vehicle. It is just a lie that you cant get away with, and could cause many cost increases later.
Dont bother looking for a car if you have had a recent bankruptcy because you will not get approved anyway.
Dont give the dealership a deposit and then try to take it back for no reason because you should have researched the car before making the purchase. You can also lose money on the return.
Dont bother lying about your debt load and credit rating because they will check it anyway.
Dont offer any money for a car unless you already know the dealer cost because you are setting yourself up to get ripped off.