Comments on: How-to Buy a Car– What You Need to Know so You Don’t Get Ripped Off http://studenomics.com/application/how-to-buy-a-car-what-you-need-to-know-so-you-dont-get-ripped-off/ Mon, 21 May 2012 04:32:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Craig/FFB http://studenomics.com/application/how-to-buy-a-car-what-you-need-to-know-so-you-dont-get-ripped-off/#comment-25097 Craig/FFB Mon, 15 Mar 2010 20:51:15 +0000 http://studenomics.com/?p=4109#comment-25097 I swear by Edmunds and Consumer Reports. Look up the invoices prices as well as what the car is going for in your area. Get pre-approved for a loan before hand and have an interest rate for the manager to beat. My first car the finance manager offer my something in the 6 range. I showed him my pre-approval in the 4 range. He came back with 3.6%. Watch out for alarms!! Its the last part of the deal and where the finance manager has a last chance to make up commission/profit. Odds are you don't need what they offer. They may very well try to scare you into getting an alarm you do not need. I swear by Edmunds and Consumer Reports. Look up the invoices prices as well as what the car is going for in your area. Get pre-approved for a loan before hand and have an interest rate for the manager to beat. My first car the finance manager offer my something in the 6 range. I showed him my pre-approval in the 4 range. He came back with 3.6%.

Watch out for alarms!! Its the last part of the deal and where the finance manager has a last chance to make up commission/profit. Odds are you don’t need what they offer. They may very well try to scare you into getting an alarm you do not need.

]]> By: Budgeting in the Fun Stuff http://studenomics.com/application/how-to-buy-a-car-what-you-need-to-know-so-you-dont-get-ripped-off/#comment-24605 Budgeting in the Fun Stuff Thu, 11 Mar 2010 21:30:49 +0000 http://studenomics.com/?p=4109#comment-24605 The finance manager is the one that logs in your car deal. Feel free to work with the salesman on the price as much as you want, but the real stuff happens in the paperwork office. The salesman is getting a commission off of the sales price (front-end) and the finance manager is getting commission off of the extended warranties, insurances, add-ons, etc (back-end). The finance manager is the one that logs in your car deal. Feel free to work with the salesman on the price as much as you want, but the real stuff happens in the paperwork office. The salesman is getting a commission off of the sales price (front-end) and the finance manager is getting commission off of the extended warranties, insurances, add-ons, etc (back-end).

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