when buying a car.. ??

Francisco Schonhardt: Check out www.thebestdealofyourlife.com for all the information you will ever need to make your deal. Saves you the hassle, protects your money, and time-best of all you will know what you are doing and why you do it!besttoyou,Chuck30 years/thousands of dealswww.thebestdealofyourlife.com...Show more

Karl Samiec: It all depends on your credit rating.A general rule of thumb is 20% down, but if you have great credit there really is no reason to put money down, especially if you're buying a car with great resale (Toyota/Honda/etc) and you're not a sucker paying MSRP.Again, generally the payment will be $100 for every $5,000 financed, so a $15k loan = $300/month, while a $40k BMW would be $800/month. This is why many people lease high-end cars for $300-400/month.In reality, it's best to buy a 3-year old, low mileage car that was owned by older people. You'll have a great car for a great price, while the original owners are hit with the high depreci! ation that every new car comes with....Show more

Esteban Faggett: Wow this will take a while so bear with me....First do your homework before you ever walk into a carlot.. this is absolutly the most critical step people forget, find out how long they have been under the same owner or sales manager, a dealership that has no interest in the customer but only of $$$$money will often change their managers alot, ask a friend who had a good experience who was their salesman and see if they still work there, soma dealerships often have a desperate push for sales causing a high turnover of salesman... next call your bank or credit union, DO NOT USE THEIRS.they get kickbacks from loan agencies if you would have credit for about 10% interest rate they will raise it as high as the state will allow sometimes 5-6% higher just to earn a kickback. Find out what you need your finance balance to be to get your payment where you like it, once you feel you are confortable with the deale! rship, call them and make an appointment, try during the week ! in the later morning, like 1030 wednesday, that is where the salesman has more time to focus on you along with a manager. saturday afternoons are bad, this is when the store is the busiest and a salesman will be willing to move on to a more profitable deal or most often he has to wait in line just to see the manager. then the manager will hurry through just to get yours done and not saving money for you. Now listen closely..... reserch the type of car you would like then when you get to the dealer pay attention. The salesman are often awarded insentives to sell certain cars for various reasons, this is very hard. you don't know if they are honestly pointing your to the perfect car for you, or a lemon they are desperatly trying to get rid of, this is where a confident friend or a family member comes into play, you will fall in love with a car... they will notice if something seems fishy. P.S. listen to them. Take it on a test ride make sure you go at least 65 MPH and try the! brakes hard.Then you will be taken to the negotiating table. most dealerships use a 4 square, it is a paper with 4 squares that they use your thought against you, top left is the cost of the car, top right trade-in value, bottom left down payment, bottom right would be monthly payment. if you get there add up all payments and the down, you will be amazed a $20,000 car would sometimes add up to 50,000 or more, but go ahead and add them up and look discusted and tell the salesman you are leaving. this is where they realize your no dummy. then tell them you have your own financing so just focus on the price, if new ask to see invoice. they might show you, then offer 1000 below it this is because there is dealer holdback and rebates you will never see, if used, ask to see the nada book on it or go to NADA.COM to find outOnce you feel comfortable with the price, if it is a used auto, ask to take it to your mechanic, you can find one in the yellow pages that does pre-purchace in! spections, then take the purchace order to the bank and have them revie! w it, and they will then cut the check for your new carBuying a car is often a fun experience, but if you pay too much only to find out later you got ripped off, you will be stuck with it.never buy all that extra garbage............ sometimes a extended warranty, depending on the car and sometimes your bank can do the warranty for you. And the bank will talk to you about gap insurance.P.S. I've been selling auto's for 3 1/2 years...Show more

Felipa Nosis: Your options are:1. Buy with cash (saves finance charges)2. Buy with a loan that you find at a bank, credit union, or an online source, such as eLoan or CapitalOne3. Buy with a loan that the dealer arranges for you with his "captive" finance company, such as Ford Motor Credit4. Buy with a loan that the dealer arranges, on your behalf, with a local bank or finance company5. Buy with a balloon loan, which is treated much like a lease. An example is GMAC's Smart Buy, available through General Motors dealers (Chevy, Cad! illac, Saturn, etc.)6. Lease through the dealer's captive finance company (lower payments but make sure you understand how leasing works -- see link below)You should find out your credit score because it will determine what interest rate you pay, and how much you'll pay for insurance. A poor score could result in your being turned down for a loan or lease. You should also have a verifiable sustained income and a reasonable debt load....Show more

Kizzy Hett: What you have got to ask your self is; what is that this going to price you finally? You are watching at a $2400 fix for a tight vehicle with simplest eighty,000 and relativly more moderen mannequin. after it's performed it'll as a rule be best and pushed with out issues for a whilst until you're discovering extra to be fallacious. even though you offered it as is, you could get at so much $2000 for the vehicle. so if you are taking the 2400 and 2000 you might have 4400 to spend on a brand new used vehicle. A $4400! vehicle isn't the finest on this planet. you're watching at purchasing! a older mannequin, ninety eight or older, with better mileage. as that stands, you're watching at issues even faster once more together with your new used vehicle, and for that reason going to have got to spend more cash solving that, given that you'll on no account purchase a used vehicle with no need to repair anything. So, i might say repair the vehicle on your 2400, and be performed with repayments. That is the exceptional factor, not more repayments. so, relying on what your per thirty days cost was once, you would nonetheless be saving more cash by means of repairing it. ask your self how so much have you ever stored given that the repayments have been completed, does it outweigh what the upkeep might be? simply what i suppose will have to be performed....Show more