can get a better deal at a buy here pay here dealership because I am a student in school and the payments would be a lot easier how would u recommend going about this?
2007-08-11 15:10:11 · 7 answers · asked by Terry B 1 in Cars & Transportation ➔ Buying & Selling
Well if you think your car is not a good deal now wait and see what you'll get for it if you trade it in at any place. I would guess youre going to be throwing away at least two grand in the trade in.
Buy here pay here dealerships are usually rip offs and they are going to take your car and give you something which is even a worse "deal"
2007-08-11 15:36:34 · answer #1 · answered by Alex M 2 · 1⤊ 0⤋
You want to know what your payoff amount is the day you take your car in. You also want to be current on your payments. If you were financed through a bank it would help your credit for future purposes but if you simply must go to a buy here pay here place then you have to consider what you owe versus what you want or can get - you will have negative equity on the car because you are still paying on it and not for very long, you may not have a long history of any kind of installment payments or you might I don't know but it would help if you did. Also, you may be paying way more for a different car with higher interest rates because that is generally what buy here pay here places do. Chances are you probably did get a good deal you just don't know enough about the car business to understand the paper work you signed. Good luck.
2007-08-11 22:22:08 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Hi ... a buy here pay here is not a good idea. The cars are usually a few thousand over book value.. and also the payment schedule long and high. Basically in many cases you will be paying a lot more than the car is actually worth. The monthly payments will be high to ...
You might as well take the car to a normal dealer.. and try your luck ... you may be supprised... I know some in The gainesville Ocala florida area offer deals for students on good used cars..
2007-08-11 22:17:28 · answer #3 · answered by tony b 5 · 1⤊ 0⤋
I understand your dilema about the payments........ but there are NO good deals at a buy here pay here lot......you should be able to get a decent ride for about 65 bucks a week....and if you consider this carefully you will find that you could actually be making payments on a new car from a reputable dealership...good luck hope you find a good car....
2007-08-11 22:19:55 · answer #4 · answered by RiverRat 5 · 1⤊ 0⤋
Be very careful of the buy here, pay here places. Some of them are rip off artists. We had one in town that had sold the same car 11 times and they still had the car on their lot trying to sell it again. If you are just a little late on a payment, they will repo it and sell it again. The shop that I just spoke of, had taken the car in for a repair and they put it on the lot. when the lady that owned the car didn't get her car back on time, then they claim that she forfeited it and they sold it again.
Don't get in any deeper than you already are, just pay the thing off and drive it until you can get out of school and get another one. That is what I would suggest to you.
2007-08-11 22:17:51 · answer #5 · answered by Fordman 7 · 0⤊ 0⤋
buy here pay here lots are good if you don't have any credit or bad credit and your needing a car,they can have bad cars on the lots ,and often you don't get your moneys worth from one you buy from them,you also pay a lot more for it than its worth,use those lots as a last choice,a bank or private lender would be a better idea,there are a few honest buy here lots, but you have to be careful,good luck with it.
2007-08-11 22:33:39 · answer #6 · answered by dodge man 7 · 0⤊ 0⤋
What is wrong with the car you bought? Why do you want to get rid of it?
2007-08-12 06:11:34 · answer #7 · answered by Bill P 5 · 0⤊ 0⤋