Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders
Car dealers being the intermediate party, most of the time does not provide you with all the necessary details to get their own profits. But if you are planning to purchase a car and want to know all the required things about car dealing. Then we have got you covered.
Following are the 5 secrets that are normally hidden by the car dealers.
1. Used cars make money:
When you plan to buy a used car because of fewer funds available for a new car. It is normally portrayed in a way by the dealers and showroom representatives that using cheap new car finance deals is the most effective way to get the car. But in reality, it is totally the opposite. People do not generally read the terms. There is more than 1 type of interest rates that are attached to your instalment payments. For every instalment, you pay there is a set rate of interest that is charged. That ultimately takes the price of the car even higher than the actual value. Therefore make sure that you decide the minimum number of instalments to save money.
2. Add-ons are not worthy:
There are so many additional features and warranties offered at the time of purchase of the car. Which sounds good but only increases the amount of the car. Most of those additional features are not even used. Those warranties that state the repairing and maintenance of several parts of the cars will be offered. But if you check the record of consumer reports data then you will get to know the reality. In which these are not offered. There are some terms set already that are hidden and not allow you to get the service. Therefore avoid such kind of add-on options.
3. The benefit of credit score:
Most of the companies that offer credit cards also provide the customers with the facility to fund your car instalments using the credit scores. They also offer you with the terms that benefit you by making it convenient for you to get the cars on fewer interest rates. But when you visit showrooms or car dealers they guide you in a way that you should only take the deals that they are offering. But do not make the final statement at that time. Look up for the interest rate they are charging on car financing and also the interest rate that you will have to pay if you use your credit score. And then decide the minimum one.
4. Availability of cheaper rates:
It is a common saying, best deals are not available at the showrooms. Which is true. When you purchase the car from a car dealer or from a showroom. There are certain things that should be considered. Like the rates that are offered at the showrooms are always higher. The business model of showrooms works in a way that they have to get the expenses covered from the amount they charge to the customers. So do not trust the showrooms with regard to the price. If you will search for the cars outside the showroom, in the market. There are changes that you will get it at much lower prices.
5. Manufacturers showrooms:
Car manufacturing companies have also started dealing with a secondary market of their own cars. Which means that a used car can be bought from the manufacturer company's showroom. These used cars are authorized and checked by the mechanics who produce the car. Therefore it is also a good way to buy the cars from. That is also one of the things that normal showroom representatives will not inform you about.
Barry Parker, Ph.D., Advisor
Licensed Researcher My Custom Essays com
Doctorate in Business and Economic, University of California