Should I tell the dealership I have my own financing?
It’s possible that telling the dealer you have car financing right at the start could harm your chances to negotiate on the selling price of the vehicle you’re looking at.
Dealerships typically make more profit when you finance with them, and your pre-approval could represent less money for them..
Why you should never pay cash for a car?
That is because credit card debt is unsecured, and a car loan is secured with the product that you drive off the lot. … A person who bought cash for their car, may be using their MasterCard for grocery shopping and bleeding money in interest rates each month, even if it’s paid on time.
Why you should never buy a new car?
Faster Depreciation and Negative Equity It’s not fair or right, but new cars depreciate faster than used vehicles. … To put it simply, if you buy a brand new car without a down payment, or if your monthly loan payment isn’t high enough to compensate for depreciation, you could end up owing more than the vehicle is worth.
What should you not tell a car dealer?
10 Things You Should Never Say to a Car Salesman“I really love this car” You can love that car — just don’t tell the salesman. … “I don’t know that much about cars” … “My trade-in is outside” … “I don’t want to get taken to the cleaners” … “My credit isn’t that good” … “I’m paying cash” … “I need to buy a car today” … “I need a monthly payment under $350”More items…
Can a dealership sell you a car without inspection?
Can A Dealership Sell A Car That Won’t Pass Inspection? Typically no, the dealership cannot sell you a car that won’t pass inspection. The car must pass smog or it cannot be sold. Unless there is clear disclosure that the car cannot pass this inspection it is not legal.
Can you buy a car straight from the manufacturer?
Most states require car manufacturers to sell through dealers. Even if you order directly from the factory, the order must go through the car dealer. … Now, many people buy their computers directly from the manufacturer, while others who prefer a different shopping experience buy from a local computer store.