Offering to help
#1
Baned
Thread Starter
Offering to help
I have been in Finance at dealerships for about 7 years now. And Have spent over 17 years total in the auto industry. ( body shops, dealer sales, dealer finance )
If anyone has any specific questions regarding the purchase/leasing of a vehicle, ask away.
This is just a friendly thing I like to do for people in the car community. I believe in fair profit, but hate dealerships that rape people. I am not trying to sell you anything, matter of fact, I currently work for a motorcycle shop . . So I can do nothing for you car people.
So for starters . . .
Tip #1 = Get your own financing before you begin to look for a car. If the dealership can give you a better rate than you got for yourself . . . use their financing. This will give you a reference point to make sure the dealer is not trying to make too much 'back end' money on you.
Tip #2 = Trading in a car is not always for the best. It is just another place you can get screwed. I have seen salesmen make more money on 'trade ins' than on selling new cars.
If anyone has any specific questions regarding the purchase/leasing of a vehicle, ask away.
This is just a friendly thing I like to do for people in the car community. I believe in fair profit, but hate dealerships that rape people. I am not trying to sell you anything, matter of fact, I currently work for a motorcycle shop . . So I can do nothing for you car people.
So for starters . . .
Tip #1 = Get your own financing before you begin to look for a car. If the dealership can give you a better rate than you got for yourself . . . use their financing. This will give you a reference point to make sure the dealer is not trying to make too much 'back end' money on you.
Tip #2 = Trading in a car is not always for the best. It is just another place you can get screwed. I have seen salesmen make more money on 'trade ins' than on selling new cars.
#7
Administrator
iTrader: (7)
#8
Boosted Kiwi
iTrader: (2)
Tip no. 4 - do not use finance to buy a car . This is the quickest way to become a slave to the bank .
If you really have to get finance to buy wheels - get the absolute cheapest car you can have that is reliable .
Now - find out what the payments would be on the car you really want and sock this amount away in your interest bearing "car fund" & consider it untouchable . Work out how many years of sacrifice there will be not having the car you want vs how long it would have taken to pay the car off using finance .
Now when you have almost the amount you need go and offer cash on cars you cannot quite afford .
Then come back on this board and thank me for just saving you many 1000 s of $ and years of pain .
apply this same rule to every major item you buy except ones that gain value over time (like a house) .
Oh- BTW when you are rich - come back and thank me again .
That is all
If you really have to get finance to buy wheels - get the absolute cheapest car you can have that is reliable .
Now - find out what the payments would be on the car you really want and sock this amount away in your interest bearing "car fund" & consider it untouchable . Work out how many years of sacrifice there will be not having the car you want vs how long it would have taken to pay the car off using finance .
Now when you have almost the amount you need go and offer cash on cars you cannot quite afford .
Then come back on this board and thank me for just saving you many 1000 s of $ and years of pain .
apply this same rule to every major item you buy except ones that gain value over time (like a house) .
Oh- BTW when you are rich - come back and thank me again .
That is all
Thread
Thread Starter
Forum
Replies
Last Post
Jst4fun
RX-8 Parts For Sale/Wanted
9
03-05-2021 07:16 PM
nferguson88
RX-8 Parts For Sale/Wanted
1
10-06-2015 12:45 PM
Tgiolitto100
RX-8's For Sale/Wanted
1
09-29-2015 10:52 AM