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Watch out for deductibles because you dont want to get stuck paying for deductibles that you thought were covered by the warranty. It is a warranty that covers the cost of fixing the car should it break down on you. The Buyers Folder Whenever you are considering getting a new car, you should be sure to bring all of the information that will help you to get the best deal you can. If you are wondering why they would sell you the car at 6% APR if they knew you had bad credit (remember they ran the credit search already) the answer is simple; to sell the car.
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Instead, they mark the price up a little so that they can clear a good profit for themselves. The Forced Warranty Scam This is when the finance manager tells you that you are not eligible for the loan by the bank unless you pay an extra 00 for a 2-3 year extended warranty. com, and find that the invoice price is ,922; MSRP is ,385.
Whenever you are considering getting a new car, you should be sure to bring all of the information that will help you to get the best deal you can.
This will all be included in your folder. Here is a list of all of the information that you will want to include in your folder.
A copy of your credit report from www.Truecredit.com
New car purchase prices for the cars that you are considering from www.autousa.com
Accurate pricing data, rebates, tips and incentive from www.FightingChance.com
Credit pre-approval in writing from www.e-loan.com
Insurance quote that cover the coverage that you want on your loan
Used car blue book that has used car information and market values
Extended warranty quotes from www.warrantydirect.com
Current loan rates that are in your local paper
Bringing all this information with you will literally cut the legs out from under the dealer. It shows that you are one step above the various scams that you will encounter.