Tips & Advice
How can you negotiate a good price with a car dealer?
If you want to negotiate a deal with a car dealer know what you want going in, understand the market value of the car, and have a budget. If a dealer will not negotiate, simply go to their competition (even between dealers of the same brand)--someone will lower the rate to get you into the car. Be sure to shop late in the year or at year-end sales when dealers are purging inventory for the new models. here are also many places to shop online and get a new car without even leaving your home.
Is it better to get a car loan from a bank or a dealer?
It is better to get a loan from the lender that gives you the best deal. Lending institutions are in this to make money and that can fuel fierce competition for your business, which gives you the advantage. Dealerships can offer great financing deals if you look around and shop the competition – and so can banks. Get rates and compare. Chances are good someone will look to beat competitor’s quotes, especially dealerships that are pressured to make sales quotas, often in lieu of actual profit on the vehicle.
How much of a down payment is required to buy a car?
All down payments are different and are determined by several factors, starting with your credit. If you have good credit you might qualify for no down payment. How much is the car? Are you buying or leasing? Is it a new or used car? Is it a dealership or an independent car lot? What are your financial capabilities? All of these will factor into your down payment and future payments. Be aware that if you go with no down payment, your actual monthly payments will be higher. You are still purchasing something over a period of time, and they have to recoup that money somewhere. Some dealers use no down payment as an incentive to lure you in, but that doesn’t necessarily mean you are paying less.
Can you trade in a car that is not paid off?
Absolutely! It is very common to trade in a car that is not fully paid off. The dealership assumes the remainder of the contract and you get a new (or pre-owned) vehicle.
Do car dealerships buy cars?
Many, but not all, car dealerships will buy your car. Practically all of them will accept your car as a trade-in if you are buying a car from them. Used car dealers make their living on buying and selling used cars. If they think can make money on your car, even if it is as a trade-in that puts you in a new car of theirs, it’s a good bet they will buy your car. Luckily there are so many options now for selling your car, you should not have a problem finding a buyer quickly, just with a little research.
An immobilizer is used to prevent your car from being stolen, and this electronic device causes your car's engine to stop running unless a specific key is present. Recent studies have shown that immobilizers have reduced car theft by as much as 40 percent. All cars sold in the United States since 2012 come standard with immobilizers, and aftermarket versions are available for older cars.
What is an anti-hijack system?
An anti-hijack system is a device that is used to discourage and prevent criminals from hijacking cars. Many anti-hijack systems use a car's alarm or immobilizer system to help achieve their objective. The best anti-hijack systems will work to initiate a quick and safe shutdown of your car if it is stolen.
A curb feeler is also known as a curb finder, and it's a device that's used to let drivers know when they're at an ideal distance from the curb for parallel parking. Curb feelers extend out from the car's body, near the wheels. They scrape against the curb if the driver gets too close, and they help prevent damage to the car's wheels when parking.
A car body kit is a set of customized body parts that have been designed to modify the appearance of a stock car. In many cases, a car body kit is comprised of components such as front and rear bumpers, spoilers, and side skirts. These kits may be made of fiberglass, carbon fiber, or polyurethane.
A cargo barrier is a device that fits in the rear of your vehicle, and it's used to shield passengers from large loads contained in the rear of the vehicle. Cargo barriers are also used to shield passengers from pets being transported in the vehicle's rear area. These barriers promote passenger safety.