Tag Archives: car dealer

Want to Know What a New Car is Worth?

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truecar

When you’re looking to purchase a car it can be sometimes difficult to figure out what price to settle for.

In fact, if it’s your first time buying a new car it can be really daunting to know what to offer the new car dealer.

If you offer the wrong amount, you can not get taken seriously, or even worse totally ripped off. In trying to find you the best car buying tips possible, we went out to try and find some information on other car buyers and what they’ve paid for their new rides.

In comes TrueCar.com.

This little site will tell you what others have paid for the new car that you are looking into buying. Continue reading →

Top 10 things to remember when buying a car

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challenger

There are a ton of new car buying tips out there but as with all things, some are better than others. Most of the car buying tips you’ll find are about finding the best price possible, but really that’s just scratching the surface. After all, you want the best accessories, additions and insurance that you can find. You can find more info on car insurance coverage terms here.

So here’s the list:

  1. The first is obvious. These days you can start shopping online. Don’t visit a car dealership without prior information of average price of new or used car that you are considering. Go online and find the car you want to buy. This will save you lot of time as you will not have to go from one dealership to another. Moreover, you will not be swayed by emotions and pay far more than you could have.
  2. If you are getting car financing, you must know your credit score. This will help you find the right lender and also let you know the APR you qualify for. Some reputable websites provide new car buying tips online as well as excel sheets for calculating monthly payments on the basis of your credit score.

    3. Continue reading →

Car Dealer Scams – Car Leasing

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audi

Lots of people agree that car leasing is the more attractive option when you need to get a new car… but are they wrong?

There are certainly advantages to car leasing – but only if you don’t get sucked into a car dealer scam in the process… and the truth is: a lot of people get a crummy deal.

Leasing regulation does not require as much disclosure as buying a vehicle. This has opened the door for a lot of shady car dealers to work on your pocketbook and take you for all that you’ve got.

Take a good look at the common car leasing scams and make sure you protect yourself.

Ridiculously low interest rates:

Some dealers quote a lower interest rate than what you’ll actually be paying. They do this by either purposefully quoting the “money factor” as the interest rate or calculating the loan without amortizing some closing fees, like the security deposit, into the loan lease. Continue reading →

Car Dealer Scams – “Sorry, but your financing fell through”

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carlot

Unless you don’t pay attention to any advertising, you see car dealers blasting low APR (annual percentage rate) financing rates all over your TV and Newspapers.

So when it comes time to buy your next car, you’re going to look for the best deal possible… but looks sure can be deceiving.

A number of car dealers will run a scam that is based around taking advantage of people with low credit scores. We call this the “sorry but we thought you look like a sucker” scam.
Continue reading →

Car Dealer Scams – The Dealer Prep Fee

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msrp

If you’ve dealt with a car dealership, then you know about how many fees there are when buying a car.

Sometimes, there are so many fees that it can be confusing to know which ones are really legit.

One such fee is the dealer prep fee.

The dealer prep fee is a scam… plain and simple. Here’s why:
Continue reading →