3 car-buying tips I learned from working at a car dealership - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Dealerships make most of their money on finance and insurance — so come with a number in hand

Getting preapproved for your car loan is a powerful way to make sure you're getting the best deal on your financing. When dealers arrange financing, they sell the loan to a bank, credit union, or another financial institution, often including a markup on the interest rate that's profit for them. Getting preapproved takes out any chance of that markup and allows you to shop and compare rates from several lenders.

If you're in the market for the best deal on the lot, you're probably looking at a used car. And, if you want a used car that's been well-maintained and is still in excellent shape, you'll want to look at cars that were formerly someone's leased vehicle.generally last two years.

Lease returns are plentiful, and they're often crowding used-car lots. A dealership should have information on the car and will most likely be able to tell you about its history. I used this trick to buy a two-year-old car in 2017 and got a car that was in great shape for less than half of its original sticker price.Most people don't think to negotiate beyond the price of the car. But at a car dealership, you can't afford to not bargain.

If you're using a trade-in, bargain to get more toward your next car's purchase. And of course, you should negotiate on the price of that new or used car you're buying as well — there's almost always room to haggle on the price. If you're choosing to let the dealership arrange your financing, that's also up for negotiation. It's worth asking for a lower interest rate than the one they offer you at first. And, if you're truly interested in one of those protection packages they offer, chances are that you can negotiate to get all or part of it at a lower price than their initial offer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Which wine to buy in the middle of a pandemic, according to an expert - Business InsiderI'm a Brooklyn-based wine expert. Here's the advice I give my friends on how to choose the perfect wine during quarantine. (by Kevin Diamond of disgorgeouspod) disgorgeousPod What do you suggest for South Africa? disgorgeousPod Red 😂 disgorgeousPod Step 1. Pick a wine you like. Step 2. You’re done
Source: BusinessInsider - 🏆 729. / 51 Read more »

How NASA engineers piloting the Mars rover manage work-life balance - Business InsiderNASA technicians driving the Curiosity rover said they keep a firm line between work and home life during lockdown.
Source: BusinessInsider - 🏆 729. / 51 Read more »

What it's like to be a new mom returning to work during coronavirus - Business InsiderFor Kathleen Daniel, returning to work means pumping breast milk between calls, keeping her kids on a schedule, and making time for herself. On Mother’s Day BI is doing what they can to re-elect DJT. This administration is tearing down the pillars of our government and you are helping.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Work from home normalization presents opportunity for tech providers - Business InsiderICYMI: After quarantine catalyzed the mass migration to working from home, many companies have begun to embrace long-term remote work policies Great to hear! Our candles will help to make the transition as seamless as possible AND support local businesses in the process. Check us out: They need to embrace Holistic BASEISM and Sustainable UBI. baseism
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tesla Model 3 sales in China plunge 64% in April despite electric car market recoveryTesla sold 3,635 Model 3 cars in April — much lower than 10,160 in March, data from the China Passenger Car Association showed. Tesla has had a negative balance sheet since 2016. It clearly is a very overvalued company. Well gee, I wonder why?! Do you really think that people are particularly interested in buying new cars right off the bat? or paying off debt accrued after living in quarantine after some time. This will take some time to restabilize before things could come back to fully normal Lmaooooooooooooooooooooo Hey elonmusk see what happens when you piss off the deep state? Don’t bite the hand that feeds you dude.
Source: CNBC - 🏆 12. / 72 Read more »