If you in the market or thinking about buying a new car, suddenly your senses become aware of all the radio, tv and print ads to entice you to come to the dealership and take advantage of their great deal.
This is where a lot of smoke and mirrors comes into play. In our local market I've seen and heard ads that make me want to scream and here are a few promos they use to bring you in.
1. You seem them on tv and hear them on the radio offering a certain model or model with a payment of so much per month. Sure most people are going to select a vehicle they like based upon choice and the monthly payments. The dealer howeve has take the payment question and put it right out front without bringing the value of the car into the mix. So their hoping that you hop right in and take their deal and in the end you really don't know how much the car is really worth? Always go after the bottom line price on the car and then worry about the payment and finance programs. Otherwise you might as well walk in hand them your wallet and say here take as much as you need. There again this all comes down to patiencs and planning on your part.
2. This on really kills me. Pay so much down and take over the payments. Hello! Of course if you buy a car you'll be taking over the payments. Sometimes I wonder if people are really guluble enough to buy into that nonsense. To me this just shows the utter disregard for the buying public and helps the stereotype of dealers get even bigger.
3. Good credit, bad credit, no credit at all. The first thing I have to say is that credit if a previledge not a god given right. And like anything else if you don't take care of it you lose it. These kind of programs are intended for those who have either fallen on tough times or flat out abused prior credit experiences. These programs just like the rent-to-own furniture and appliance are expensive. The interest rates can be close to the maximum rated allowed by state governments. Yes they do report to the credit agencies but at the point where you have to use this type of service your credit score is of little use to you. I hope you never find yourselves in this kind of situation.
4. To lease or to buy that is the question. I guess it would depend on whether you are a person who likes to drive a new car every two or three years or if you want to keep the car for a long time. Leasing gives you that option to drive new when your lease runs out. But keep in mind, it's just like renting anything, you have no equity in it. You also have to check for the best leasing programs if leasing is your choices. Make sure and ask what the residual value of the car should be worth once the lease runs out. If you like the car well enough at the time of expiration, you will have the option to buy the car at that value.
This is where a lot of smoke and mirrors comes into play. In our local market I've seen and heard ads that make me want to scream and here are a few promos they use to bring you in.
1. You seem them on tv and hear them on the radio offering a certain model or model with a payment of so much per month. Sure most people are going to select a vehicle they like based upon choice and the monthly payments. The dealer howeve has take the payment question and put it right out front without bringing the value of the car into the mix. So their hoping that you hop right in and take their deal and in the end you really don't know how much the car is really worth? Always go after the bottom line price on the car and then worry about the payment and finance programs. Otherwise you might as well walk in hand them your wallet and say here take as much as you need. There again this all comes down to patiencs and planning on your part.
2. This on really kills me. Pay so much down and take over the payments. Hello! Of course if you buy a car you'll be taking over the payments. Sometimes I wonder if people are really guluble enough to buy into that nonsense. To me this just shows the utter disregard for the buying public and helps the stereotype of dealers get even bigger.
3. Good credit, bad credit, no credit at all. The first thing I have to say is that credit if a previledge not a god given right. And like anything else if you don't take care of it you lose it. These kind of programs are intended for those who have either fallen on tough times or flat out abused prior credit experiences. These programs just like the rent-to-own furniture and appliance are expensive. The interest rates can be close to the maximum rated allowed by state governments. Yes they do report to the credit agencies but at the point where you have to use this type of service your credit score is of little use to you. I hope you never find yourselves in this kind of situation.
4. To lease or to buy that is the question. I guess it would depend on whether you are a person who likes to drive a new car every two or three years or if you want to keep the car for a long time. Leasing gives you that option to drive new when your lease runs out. But keep in mind, it's just like renting anything, you have no equity in it. You also have to check for the best leasing programs if leasing is your choices. Make sure and ask what the residual value of the car should be worth once the lease runs out. If you like the car well enough at the time of expiration, you will have the option to buy the car at that value.
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