🚗Focus on negotiating the price of the car and your trade-in value.
💰Be aware of padded numbers and hidden interest rates.
🔍Do your research and know the value of your trade-in and the true cost of the car.
📝Don't be fooled by just focusing on the monthly payment and money down.
🤝Work on negotiating both the price of the car and the trade-in value.
Should I focus on the monthly payment or the price of the car?
—It's important to focus on negotiating the price of the car first, as the monthly payment can be manipulated with hidden fees and interest rates.
How can I ensure I get a fair trade-in value for my car?
—Do your research and know the value of your trade-in before going to the dealership. Don't settle for a low offer and be prepared to negotiate.
What are padded numbers?
—Padded numbers are inflated prices or fees added to the final cost of the car. Be aware of these and negotiate for a fair deal.
Why should I be cautious of hidden interest rates?
—Hidden interest rates can significantly increase the overall cost of the car. Make sure to understand the terms of the financing before finalizing the deal.
How can I determine the true cost of the car?
—Research the true market value of the car and consider factors like depreciation and potential maintenance costs. This will help you negotiate a fair price.
00:00In this video, learn how to avoid getting ripped off when buying a car at a dealership.
03:11Beware of padded numbers and hidden interest rates in the dealership's offers.
05:55Focus on negotiating the price of the car and the value of your trade-in.
08:09Don't be fooled by just concentrating on the monthly payment and money down.
08:55Bring in your trade-in after negotiating a good deal on the car to avoid being lowballed.
