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Decades ago, they pushed the warranty like it was law. I walked out, and the manager chased me like I owed him rent!

Stop beating the bush! Claim your power as the buyer and stop this secondhand bologna!

The more add-ons you do your paying interest on the add-ons, but most people can't afford to pay cash, cars and trucks are greatly overpriced now, you lose thousands of dollars time you drive it off the lot.

Purchased a pre owned car last year. Started the deal on Saturday. Put down about half and intended to finance the rest along with about $8,000 in warranties. Since the banks were closed and I had to go out of state for a couple of days, I told the finance manager we would finish the deal when I returned. During my trip, the emotion of the purchase had faded and I started to think about the warranties. The big warranty was 36 months 36000 miles at $5000.00. I calculated I would drive about 7000 to 9000 miles a year and would never reach the 36000 miles in 36 months and I would still be paying for a warranty that I could no longer use. Therefore, I figured if I spent $8000 on repairs over the next 36 months ( and I'm certain that I wouldn't - I know, rolling the dice ) I'd break even and have no finance charges on top of the cost of the warranties. Returned to the dealer a few days later and told the finance manager that I didn't want any of the warranties and I would pay the balance of the purchase price with cash and explained my reasoning. I will always cherish the look on his face. Everyone forgets about emotion when making a large purchase. If possible, back away for a couple of days, analyze cost, finance charges, add ons, etc.

Hi Kimberly! I’ve been a member of PenFed CU for 3 months, and I’m also a member of my employer’s CU FedEx Employees Credit Association since 2006. All of my FICO scores are over 800. Should I apply for both credit unions at the same time, or should I choose just one CU to apply for a used car loan? Thank you for your Great TH-cam videos, as well.

This is one of the biggest reason people hate dealerships and in house finance! They shop your credit around that benefits the finance guy and your credit 30 days later is shot to shit with 7-9 hard hits! The games they play with the numbers, just what’s the actual price! New laws need to be rewritten so consumers can buy direct from manufacturers and cut out dealers! Always get pre approved from your credit union first! Will most likely try to beat their interest rate but rarely do they ever and if you can get a 0% from dealer get it and immediately payoff before the 30 days so FI guy can’t make his money!

The Finance Manager will offer you nothing that is in your interest to buy at the price they offer.

They hate when u bring n a da book ur bank friend let u borrow

When I negotiate a car I generally don't mention I'm paying cash until the end. I've even let them on thinking I'm going to do 5-year loan. Then I change my mind 😆. I always work on out the door price.

Why won’t they let you pay with a credit card if you pay the 3% fee?

I got some ideas for your video.

How to deal with the dealer financial already in loan contract.

Very interesting information.

If buying GA coverage, then do zero down payment if possible. This way you get the max benefit of the GAP coverage. If buying a car and will keep for a long time, get an extended warranty with no deductibles, and make sure the warranty is from the manufacturer, like a Toyota Warranty, instead of third party warranty. Paying cash makes sense when ca loan interest is high.

This is somewhat helpful. But it doesn't explain what is needed to get approved. Like aside from checking credit score. If any documentation is required.

I'm seeing many dealers now advertising "no additional fees" but I'm sure they're jacking up the price of the vehicle more than enough to compensate for the loss of the doc fee. Max doc fee I've seen in my area is $699, over $1k is just insane.

If I’m buying cash do I need to purchase GAP insurance

The Doc Fees are BS Fees and just refuse to pay it. Have them subtract the Doc Fee from the price or walk away. You will find another car dealership who will subtract it. The car salesman and sales manager want to sell the car more than you need the car.

I bought a VSC at a Mazda dealership nine years ago. They told me “it covers literally anything that goes wrong including Pet damage in the car“ well after a few years I took my car in and I was told no that’s not the contract you bought. What a total scam. How in the heck would you know if you actuallygot something that covers or didn’t or if it’s a scam when you’re paying thousands of dollars to a dealership?

Hello so we should not get the extended car warranty?

Kim- what if the dealer gives you a price list that is more expensive than is listed on the national website? A Mazda dealer in s. Denver is doing this… it doesn’t seem legal?

Thank you!

Yeah dealerships are BS. I haven't dealt with a dealer since 2008 and the only reason why is because I had to buy a new car because of the powertrain warranty and they still played games with me and raised the negotiated price once my credit score came back.

Even though I am looking for a car. I have three offers as of now that I got down. But now I’m just calling dealers to see how much I can get them to come down for a car it’s fun.

Walked away from a deal in StAugustine FL cause they were wanting to charge $900 doc fee and $220 filing fee.

This made a lot of sense and I practice a lot of what you said. They get mad when you know a lot and they can’t get their way

I have a government fee. What is this fee for?

Thank you 😅

Why borrow money and pay interest, I've been leasing since 2004,if the vehicle goes thru 3 engines in the first year,yes it happens manufacturers rent you a vehicle and lemon law gets you a new one!

I hate when you go to a dealership and they have all of the garbage added to the price. The nitrogen filled tires, the paint protectant, the fabric protectant, whatever else they tack on that drives the price up $1-$2k. Then when you tell them you don't want those things they tell you they do those things to every car and the stuff is already on there and that they can't take those things off. When you see that stuff on the window of the vehicle, be prepared for a fight or just go to another dealer. It's really great when the salesman comes out to the lot while you're looking and you tell him, nope, not paying for that stuff and then start walking away.

Your narrative is Way Over my head!! Only have half my brain working after suffering 5 strokes in the last 370 days. Wife needs vehicle. Engine on her car a goner, that after the tranny went out & was replaced. Word to the wise: Never get a Hyundai or Kia. Pure Junk per Scotty kilmer on YT vids. Mechanic for 56 years. 🤔😯😳

Always get gap insurance. Just incase you total your car within a year.

The biggest scam is the rip off extended warranty they try to sell you. I always decline it and sometimes it turns into an argument.

Arent you “CarEdge lady” from CarEdge and Mr Schafska?

Cause if you have the cash...but wot if you haven't got the cash but realy need a car..

When you look at the msrp do you include factory installed packages and accessories, port installed packages and accessories as well as delivery i.e.? I see base msrp of $32,225 on my paperwork for a 2025 Camry SE then a higher price with the above items mentioned totaling $36,603. Thank you!!

If anyone at the car store ask for my SS#, I always tell them that I'm not applying for a job. If they insist I tell them to have a nice day and walk.

Most Dealers make More on Financing kick back than the Sale of the vehicle . Ask if there's any penalties for Early Payoff . Most Don't . Finance , get better Deal & payoff Immediately . Dealers Hate it .

I had my own financing before going and the dealership wouldn't sell me a car. I had to go an hour and half away to another dealership.

Get the otd price👍

We need to stop going to these dealerships, they have ripped people off so bad.

I guess im unusual in the way I purchase vehicle's. I like to buy new, unbuilt with particular wants. I'll work out the ball park price/ OTD cost to me. I'll then contact 3 dealerships with my wants, i will inform all three what I'm doing. The calls come in with offers, i just tell whoever what the lowest price is, can you beat that and, so on. This takes generally 4-5 working days until all the details/OTD price is sealed. No visits, no manager games, no add ons, this works!

I have absolutely positively zero interest in new cars. I’m going to nurse my Volvo and my Subaru to 300k miles. After that, I’ll ride a bike before I’ll purchase any of these soulless hunks of junk available on market today. I’ll move to Cuba and rehabilitate a 1940’s Cadillac with duct tapes and paper clips first. I flat out refuse to participate in this epidemic of wasteful, planned obsolescence.

Can any brand give extended warranty on any brand?

Thank you,

I had a salesman tell me that credit doesn’t matter I laughed in his face . He proceeded to tell me not in this case mind you I have a credit score of 720 . So I told him if credit don’t matter everyone would be driving a new car with no problem. He got angry and started shouting and we had a minor shouting match . Long story short he was pissed and the payment went down by almost 400 dollars and at the end he told me after checking my credit I was approved for a 1.9 APR .

Thought it said Fiance Hates When You Say This

Just bought a vehicle yesterday and they tried selling me GAP for $1295 I said hell no.

Wonder why the people get the shaft

Finance managers also elevate the interest rate to profit as well.