I currently have a 2002 Kia Spectra...I owe $4,000, on It (61,000mls, good condition). This was my first car under my name alone, I pay $133 mth, at 6.9%. I want to trade it in or sell it whichever would be the best, But I want to get a car with a payment no higher than $200, I do have really good credit..And I'm not looking for a spectacular car or anything...maybe even a 2006 Kia....but should I get a loan from a bank....or should I see what the dealership has to offer??
2007-01-26 16:46:48 · 6 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
I recommend that you telephone the banks or savings and loans first to get their rates. Also, give a call to your auto insurer to see if they offer loans--I know for example that State Farm does and they are usually a little lower than the banks. Then, check out what the dealership has to offer.
Sometimes even if the dealership has a good rate, they'll try to rip you off on either the price of the new car or your trade in, so be sure to do your research first. Below are some links for this.
Another way dealerships try to rip you off is to try to keep your payment low by offering you a loan longer than 5 years. On lots of these, your car is worth less than your loan balance when you want to trade it in, so try to avoid those loans.
Best of luck with your new car!
2007-01-26 17:05:11 · answer #1 · answered by Latrice T 5 · 0⤊ 0⤋
1
2016-09-26 16:45:04 · answer #2 · answered by ? 3 · 0⤊ 0⤋
You have to see who will give the better rate as rates fluctuate. Try and see if you can sell your vehicle on the outside yourself if possible. That way you can get a discount on the new car. Otherwise, the dealer, depending too, may give you a $1000 discount on the new car without trade in or $1000 more for your trade in. So if you sell your car you can get more bucks for the money. Besides, dealerships go thru different loan companies or banks, but check around.
2007-01-26 16:52:42 · answer #3 · answered by Big C 6 · 0⤊ 0⤋
know our credit score before you go to a dealer go to capital one.com and get a check when you have your own financing you will have more leverage you can work the dealer against the rate you all ready have. Go to edmunds.com research the trade in value of your car then check it at kbb.com and nada.com use this info and stick to it always buy in the last 3 days of the month and never ever buy on the first visit to the dealer. Good luck getting rid of your kia you might be surprised of its resale
2007-01-27 01:47:07 · answer #4 · answered by 51 6 · 0⤊ 0⤋
Bank
2007-01-26 17:02:13 · answer #5 · answered by jack p 3 · 0⤊ 0⤋
best bet would be a credit union or the bank you use now ........what you might want to consider is the pay off of your car vrs what it is worth
2007-01-26 16:52:43 · answer #6 · answered by mike j 1 · 0⤊ 0⤋