Fernando V.

asked • 06/28/19

How would you decide on the make and model of car you want to buy, where to buy the car, and how to finance it? How is competition at work in this scenario?

1 Expert Answer

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Ryan N. answered • 06/28/19

Tutor
New to Wyzant

A Villanova School of Business Graduate trying to give back !

Ryan N.

In addition, once you can narrow down your selection based on your preferences, budget, and select feature you are looking for, you should look around to local dealers around you in person, or online via many popular websites such as Cars.com, Autotrader, CarGurus, etc., where you may see several of the cars you are looking for. Because the car you are interested in is most likely available at many different dealers, you will have more flexibility than you think when it comes to what you pay for it, and how it is financed. There is tons of competition within the dealers for the more common cars, which should work to your advantage as the buyer! If your car is available at 20 different car dealers relatively nearby you, then you can let the salesperson know that you will just look elsewhere if you're not given solid terms! If you have solid credit you should be given favorable terms on the car, but you must make sure to get different quotes from a number of different dealers to see what rates they are charging you and use it as a comparison and as a big negotiating point. If you are buying a used car, use websites such as Kelley Blue Book to see the real value range for what the car should sell for, and make sure to always get a Pre-Purchase Inspection (PPI) on any used car you are thinking of purchasing. If you have any more questions feel free to reach out to me.
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06/28/19

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