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Financing


• If you have a trade-in, the time to discuss it with the dealer is after you've negotiated the purchase of the car.

• After you've negotiated a price for a new car, you can decide which dealer to buy from by seeing how much they'll give you for the trade-in.

• Find out what your trade-in is worth by checking the Edmunds.com, kbb.com and autotrader.com. By selling the vehicle yourself, you'll get a price about halfway between average trade-in and average retail. A dealer will give you the trade-in price.

• Finance a car for 48 months or less. With a 60-month loan, the value of the car declines much faster than the loan balance. So for much of the five-year period, you owe more than the vehicle is worth.

• Keep the financing separate from the car-price negotiation, too. When you allow the dealer to arrange financing, terrible things can happen.

• Buy a manufacturer's extended warranty or one from your own auto insurer. Don't buy a third-party contract.

• Don't buy an extended service contract from an automobile dealer or anyone else until you've had time to think about it and shop prices. You do not have to make this decision at the moment you're buying your vehicle.

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New car loans for new Uber drivers

New car loans for new Uber drivers

Uber is now offering car loans for potential new drivers with bad credit, where you pay off the loans by picking up fares for Uber.

 

Whose Side Are Those New-Car Pricing Sites On, Yours or the Auto Industry’s?

Author’s Note: The catalyst for this series was the eye-opening discovery that over the last 20 years, the dealer invoice price has been turned into a bloated imposter that has nothing to do with any true vehicle cost — a fact which torpedoes the foundation for the ubiquitous “target price” ...

 

Uber's Offer: New Job, New Car...So What's the Catch?

Want to get a new car and a new job all in one? I've got a deal to share with you, but it comes with a catch. Uber offers car financing for subprime borrowers Ridesharing service Uber has given a lot of people the opportunity to earn a living by ...

 

New Survey of the Most Reliable Cars

When you buy a new car, you want to make sure it's going to be a reliable ride. I have new info to share on that front from the annual Consumer Reports auto reliability survey. What Consumer Reports does each year represents the most extensive survey of automotive reliability. This ...

The Eye-Opening Truth About Dealer Invoice Price

Most new-car shoppers turn to those big new-car pricing websites for the information and advice they need. But those so-called "experts" aren’t telling you what you really need to know: The truth about the sea change in the automaker-dealer financial relationship that began in 1995 and has continued ever since. ...

A better way to do a car loan

A better way to do a car loan

The #1 mistake that car buyers make is so simple to avoid...and knowing about it could save you 2.5% in interest points on a car loan!

The best car deals for fall 2014

The best car deals for fall 2014

Giant SUVs are back in demand again, but they are no bargain. Here's where the sweet deals are happening right now.

Why You Should Limit Car Loans to 42 Months

Auto loan financing is suddenly available to people with damaged credit who may have been turned down for car loans as recently as a few months ago. But is that "yes" to your credit app really a "yes" in your monthly budget? How to avoid buying too much car If ...

Buying a Car at Auction -- Life With a $5,000 Vehicle

As I reported a few weeks ago, I bought a 2005 Volvo wagon at public auction for under my budget of $5,000.  That’s a pretty darn good buy one would think, but I wasn't going to rely on my opinion only so the first stop was at a trusted mechanic. ...

Car Complaints Top the Consumer Gripe List

Consumer complaints involving automobiles nabbed the top spot on a tally of the Top 10 gripes of 2013, according to a survey by the Consumer Federation of America (CFA) and the North American Consumer Protection Investigators (NACPI). Among the other grievances: home improvement/construction (No. 2); Credit/debt (No. 3); retail sales ...

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