I see these in many used car lots and I am always thinking about being taken, I am considering to trade my Ford Windstar (98) in for something smaller and newer but I hate salespeople..what should I ask them, how much should I ask for my trade in or what questios should I ask on a car I am interested in buying, so that I don%26#039;t look stupid and instead I look knowledgeable about the car there for keeping the lurking sales sharks at bay. :) Thanks all. Happy Friday!
Is it risky buying a car from a dealer who says %26quot;we can finance anyone%26quot;?
I would check out any recently opened lot with the local better business bureau. But, financing at the lot makes them a lot of money because they charge a huge interest, and they let you know they will repossess if they don%26#039;t get the payments. This doesn%26#039;t make them bad or untrustworthy. It actually helps them sell more cars to those who cannot get a conventional auto loan.
As for your trade-in, go to www.kbb.com and enter all the info on your car to see what it is worth as a trade-in.
And, most importantly, do not go to the lot alone. Always take someone with you, preferably someone older or someone who has a lot of vehicle knowledge and will ask the right questions that will show the sales person they aren%26#039;t messing with an amateur. You also need someone with you to keep you grounded so you don%26#039;t buy something because of your emotions -- such as for a girl, Ah it is so cute!! and for a guy, what a hot car with a big back seat !!!!
Is it risky buying a car from a dealer who says %26quot;we can finance anyone%26quot;?
If you are looking into buying a car go to you bank or credit union and get pre-approved for a auto loan before you get serious with any dealers. Dealer financing is usually more expensive than banks charge and the dealers will quote a lower price counting on a higher finance rate to make extra profit on the deal. Get the dealers best price and THEN tell them you have financing through the bank. Be careful and also be ready to walk out of any deal no matter how much you love that car. There are other cars to love and a bad deal can make you hate your dream car and nobody wants that.
Is it risky buying a car from a dealer who says %26quot;we can finance anyone%26quot;?
First you%26#039;re better off to sell your car yourself. As for buying most auctions are now open to the public,thats where the dealers get the cars.If you do want to buy from a dealer on credit, they give credit to anyone because its no risk to them.They sell the loan to a 3rd party for .70 cents on the dollar.Example they buy a car for 1000. at the auction, sell it for 5000. on credit, sell the%26quot;paper%26quot; for 3500. and make 2500. profit.
Is it risky buying a car from a dealer who says %26quot;we can finance anyone%26quot;?
They can finance anyone for several reasons.
They get a large enough down payment to cover %26quot;their%26quot; cost upfront.
They charge outragous finance fees.
They rip you off on your trade in.
They do not report to credit agencies, so you are not bulding credit.
Questions you should ask...Monthly payments, interest rate, do they REALLY report to the credit agencies (get it in writing)
Is it risky buying a car from a dealer who says %26quot;we can finance anyone%26quot;?
you need to read an article on www.adviceontime.com .How to buy a good used car, they talk about those type of dealerships.
Is it risky buying a car from a dealer who says %26quot;we can finance anyone%26quot;?
Why are you afraid of salespeople? Contrary to popular belief, most of us are honest hardworking people trying to make ends meet, just like you. Sounds like you are a little bit prejudiced. Anyway, there is so much info out there concerning the mechanics of buying a car, you should know what to expect.
First of all, we expect you (the customer) to lie to us. It may sound cynical, but it is mostly true. Only natural, you have your guard up, and are afraid of getting ripped off.
I%26#039;ll tell you a secret...... my happiest customers are the ones that pay full list for the car, or close to it. Because they know they are getting a good value for their money. Most customers would not know a great deal if it hit them in the face, because they are too afraid. Anyway I digress..............
If you have to go through a %26quot;buy here, pay here dealership%26quot; i%26#039;m willing to bet you have crappy credit and can%26#039;t get financed by anybody else, so that maybe your only avenue to get a car. In that case, take the hit, get your car, make your payments, then move on. If not, try a bank or a credit union or even a finance company. Good luck.
P.S. a %26#039;98 Windstar is worth about $2,500 max.
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