Once I've decided on the car I want, what is usually the next step as far as dealing with the salesman? When I finance, is it ok to go with the banks the dealerships use or my own?
I would like step by step process on dealing with sales guys.
2007-01-31 05:51:34 · 5 answers · asked by Coach C 1 in Cars & Transportation ➔ Buying & Selling
what is a good interest rate and how do I get a good rate?
2007-01-31 05:59:11 · update #1
Buying a car is certainly a complicated task. First I would reccomend you start by being aware of yourself.
Do you pay your bills on time? Do you have balances on your credit cards? Have you budgeted for monthly payments, considered insurance, maintenance, and fuel expenditures?
Have you also saved up money for a down payment on this vechicle? I know that many dealers entice you with zero down and low monthly payments but they charge you heavy interest.
Talk to you bank or credit union and ask them what type of financing that they would be willing to give on a specific loan amount.
You will be dealing with the salesman and the finance officer at most dealerships. Try and negotiate both the price of the car and the interests on the financing. Remember they will negotiate more if you have a good credit history.
These are just the basics, I am sure other people will have more to add.....
2007-01-31 06:00:09 · answer #1 · answered by nicewknd 5 · 0⤊ 0⤋
Actually sweetie, you are missing one very important thing that should be done before ANYTHING else.
Have a copy of your credit report run. If there is anything there that shouldn't be, or any bills that need to be paid off, do so.
Once you do that, I would recommend using a bank financer.....you will get a better rate through a large bank that you would from a private financer.
Secondly, DON'T settle for just what the salesmen want to show you. If you have a particular model or year in mind, tell him so, and ask for those. Research your choices online before going so that you have the information you need on hand. If they aren't accomodating, go somewhere else.
Finally, don't be afraid to deal. If they are asking 20,000, offer 16,000......then haggle a bit until you get the deal you want. I'm not saying be hardcore....you won't get anywhere with that. But be willing to work for the best price you can find. That's another area where research comes in......if you know the going rate for a particular vehicle, you are in a better position to determine if you are being charged too much.
2007-01-31 13:58:53 · answer #2 · answered by Critter Lady 4 · 0⤊ 0⤋
Go with your own financing, and compare to the interest rate of the financing that they are offering you. Pick the best rate.
Dealing with the sales guy is a different story.
Do your homework with the vehicle's value and know that this is what you want. Just use your head. Contrary to what other people say buying a car is not hard if you walk in there as an educated consumer... it's just time-consuming.
2007-01-31 14:12:56 · answer #3 · answered by rob1963man 5 · 0⤊ 0⤋
The very first step is the interest. how much?
Or if yor paying yourself, the b/o price..
pretty interesting question, But these are really the only most important steps. Everything else is paper work....
2007-01-31 13:57:37 · answer #4 · answered by Mason 1 · 0⤊ 0⤋
got to this site below. it will guide you on buying a new car.
http://www.edmunds.com/advice/buying/articles/78386/article.html
2007-02-03 12:39:17 · answer #5 · answered by car_guy 2 · 0⤊ 0⤋