5 Ways Car Dealers Rip You Off (And How to Avoid Them All)
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- เผยแพร่เมื่อ 11 ก.ย. 2024
- 5 Ways car dealerships rip you off and how you can avoid them all.
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Car dealerships can be very profitable depending on the types of customers they sell cars to. You can either be the type that gets ripped off at the dealership, or you can save a lot of money with an understanding of how car dealers make money. Just like any business, car dealers need to make a profit, but not to the extent that you have to pay full-price for everything. I’ll cover how car dealerships rip you off and these include the service/parts department, the price of cars and trades and the financing office. So if you’re buying a car or you need service done, this video is all about saving you money at the dealer. Enjoy and please share!!
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#honestfinance #carbuying
I didn’t like the dealers rates with my perfect credit so I got 2.5% for 5 years at my local credit union. Always check credit union rates!
Jimmy McGovern Good call
Always use the CU. Got a 2013 Jeep GRAND Cherokee for 18k, insurance gave me 4k, put that down on the truck, made it 14k CU gave me 4.7% with 48 months, paid it off in a year and a half with extra payments
But the dealers can actually do better interest rates if they feel like it.
@@skorpyo331 dealers are trying to make money
For a new car or a used car ?
I watched your other vids before I bought my first SUV. I used your tactics, especially negotiating, and got a great deal! Thanks for all your advice!
That’s awesome! Glad it helped :)
17% interest rate on your first car? Ouch! That's a painful and expensive lesson. You live and you learn.
You do live and learn, but hopefully I can help others out w better advice than I got
I was thinking the same thing! 17% geez! I financed one of my first cars as well then realized I hated the monthly payments and just paid it off :P
I paid my loan if in 3 months cuz I had the cash. My first payment had over $400 going towards interest and I at least understood that
I’ve heard much worse stories w some of the comments on this channel. It’s scary how bad dealers will ruin you if you don’t pay any attention
Honest Finance mine was 22% for 66 months.
Great video, as a dealer with 17 years of experience, I thought it would be worth it to make a video going over some of the tactics used in the industry from the point of view of an ACTUAL dealer. Hope you enjoy some of the points we made 👍🏽
15 dealers disliked this post.
The monthly payment trick is a big one. They truly cab manipulate that to work for you, but it will cost you!
Ya it’s crazy that most of us don’t realize what the lower payment means. Payment is important, but not if you get ripped off everywhere else!
That’s why we all have 30 year mortgages :)
My last car, the salesman kept coming back to payment numbers, I simply told him "I know you can make the payment anything you want -- just finance it over a very long period. Let's talk price, I'll let your finance department see what they can do, and if the payment is acceptable, I'll buy the car." The secret? I had financing in place through my credit union, so I knew what my maximum payment would be anyhow. Turns out their finance department could get me a better APR, so I walked out paying LESS than I expected :)
We definitely live and learn. I learned that every single warranty, like you mentioned, is not always necessary. If you are able to save more than what the part would be worth then the warranty wouldn't make sense. Same thing with the financing. Its good for credit, but we should always be putting something down for the loan.
Thanks a milli for your vids. Just bought a car yesterday. Your videos gave me understanding of what to expect and watch out for. It’s hilarious how they try to move numbers around like I don’t understand math. They want you to focus on monthly payments rather than price. Thanks 💯
Well then my video was great timing :)
I got it! I’m a while away from buying a car but I like watching your videos to gain any edge I might need. Thanks :)
Thanks for watching!!
Some dealers charge exorbitant fees for filing for titles and registration with the state's dmv. This is just another profit center for a dealer. Customers should insist that a dealer be very specific in identifying all fees that will be charged. This needs to be done before there is even a verbal agreement to purchase. Thousands are often left on the table trade-ins. Dealers consistently low ball the value by offering only "trade-in" value rather than "retail". They also downgrade the condition report even when the auto traded is in excellent condition. I'm a senior and I still learned the hard way.
Why would a dealer offer you retail on a vehicle youre trading in? That makes no sense, they have to fix up inspect and recondition your trade
Don't stop doing these videos bro. You really are great at it :D
Thanks! I won’t
Solid advice, very well explained! Thank you for your help, Jason. I am studying up as much as possible before walking into a dealership to negotiate the best I can.
Small point of feedback - sometimes I have to go back a few seconds to rewatch what you said, simply because the pacing of words is too fast. For those of us who are a little slow (lol me), making a few more pauses to let your point get across would help immensely.
Thanks for the tip! I’m always trying to improve
I liked something that isn't in these later videos which was present in the prior videos on negotiation (which causes a lot of anxiety for even the most confident). "Just do XXX and you will be just fine." You said that in most of the 2018 videos and I think it is a great technique, especially because it was repeated once at each of the points you were making where a person may have to do something they weren't comfortable with, or be aware that they are vulnerable during. Creating the "beat" of warning/reassurance is something I miss from videos like this one. I hope you consider incorporating it back in, I think it was very effective.
odbo255 - Thx - I’ll search out @HonestFinance ‘s earlier videos as I am most freaked by that aspect!
@@lindaclaudine3029 Look for the videos and "You will be just fine." :-)
I got it! Thanks going tomorrow to trade in my car! I got so rid off 3 months ago so now I'm doing my homework!!!
Great video; I get it. Give the dealership as little information as possible to keep them from yanking you around, and remember that everything is negotiable.
We are going to be looking to buy a new car soon. My wife said that to negotiations with the dealership will be a lot different, because of the COVID-19 pandemic. I would appreciate it if you could please make a new video explaining how to negotiate during the pandemic.
YES PLEASE!!!
I got it! I especially like the tip about gap interest, and non-mandatory fees.
Hi
I' ve got ripped off twice big i mean big
So I want to advice you that when you are buying a car never sign any paperwork until you check all this things
1. When you choose a car that you like and when you are sure that that is the car you are going to buy alway take a picture of the price tug lacated on the car take two or more picture from close and far because they can chage the price on the paperwork for exemple if the car has a $12,000 price tug they can raise the price to $16'999
And if you didn't check that the price is the same on the paperwork they got you.
2 always check interest how much is the bank charging you and ask the salesperson if the interest is per year or for the five or six years
And always ask how much total profit the bank is going to make on your purches or buying
Ask the salesperson how much you are going to pay for everything during 5 or 6 years payments including the tug price of the car and the total interest or the bank profits
Including the extra insurance that they make you buy
And you can alway ask the salesperson to ask the bank to charge you less interes
For exemple if the bank want to charge you 12% and interest you can ask the salesperson to ask the bank who acepted your credit to drop it to 8 or 10 % I 've ask them them And they have drop it down.
Then after the salesperson has explained every detail about your purchase and you agree then you can sign the paperwork
And if you don't agree you can deny it and walk away.the
Also make sure that they show that they have added the dowpayment or trade in and don't let them pay you low money for your trade always ask for more
Thanks for watching!! Did I miss anything? Let me know in the comments 😎
Watch more car buying videos: th-cam.com/video/rwOcAHTH4Os/w-d-xo.html
Do you negotiate the price of the car if it's lower than kelleyblue book? Like $1000 less?
Is it a good thing if the dealer doesn't do in-house financing but instead only uses credit unions ? Is it similar to going through the credit union yourself?
You can always try :)
@@HonestFinance I did actually and it worked ! Your videos are extremely helpful
Got it!! 👍🏻👍🏻
This was great. I'm glad to know I'm not the only one who got taken advantage of with my first car loan. My kids are nearly at the point where they'll be buying their own cars soon, hopefully I can save them some money.
Thanks for watching. Consumers just have to be aware of all their sneaky ways of making more money . You’ll save your kids money :)
Found u just in time sir!!! Bless u indeed!
Hey thanks. I’m glad the video helped
My man doing a lightstream auto loan commercial in the middle of his how not to get scammed video. 😂 gotta pay the bills somehow.
Thank you for what you do for us. Haters is dealers and dishonest mechanics. Wow! What ashame and to the all family damn.
i didnt know that we could decline fees (like the "Dealer prep" fee) that are not mandated by the state or federal government .
your videos are so helpful! I'm going to buy my first car tomorrow and I will definitely be using your tips. Wish me luck!
Good luck!! Let me know how it goes
And this is why I didn't sign the dotted line yesterday... Went to a dealer and they were wanting to charge me 345 a month in a payment for 72 months .. on a car that's only 13k... See I knew something was not right .. my payments shouldn't be that high... I kept asking what the interest rate was gunna be and they never told me just kept beating around the bush .. the interest had to be in the 20s for the payments to be so high... I Kno it's my first car loan but I have good credit everywhere else .. just not car credit... They were trying to set me up
Good call. All that info needs to be transparent before you sign anything
I tried to negotiate with a dealer today. It was beyond stressful and the guy was a prick! The deal I got out of him was shit. $10k down for 48 months at $221/bi-monthly or every 2 weeks 2.99% financing. It was for a Hyundai Kona. He also tried to make it seem like I was wasting his time. The fools could have sold me a car but after they insulted me, I had to give up and walk away empty handed!
Great advice! I always but used and pay cash. They don't pay a lot of attention to me when I tell them I'll pay cash.
Ya it’s not what it used to be
i heard if you pay cash they'll jip the normal price up to 2k+ extra.
This video is only for people with excellent credit. If you don’t have excellent credit sometimes you have to over pay to get your credit back on track. That’s what I had to do but only once. My credit score was super low.
This world is full of scammers. Hard to trust anyone.
I got it! Thanks for posting such great videos. I'm gonna share this one with my daughter. She's getting ready to buy a car. I have a cousin that has been asked not to return to a local dealership because he got Such a good deal on his truck.
Thanks for the sharing and I hope the info can save you some money. I have lots of videos on car buying, so check them out anytime
Hi Jason. I am planning to close the deal on a used car tomorrow at a used car lot when I realized there are numbers doesn't make sense. The price of the car is $25,990, then another items:
After 2,995 down - advertisement
Prep/Reconditioning - 1,995
Total: $30,980
Plus
Tax/title/fees & payoff
And, on the terms and conditions will expect coat for license inspection, destination charges, finance charges, lender fees or dealer prep charges extra.
Thx!
That was really humble of you to tell us that it took you three hours to do spark plugs. 😂😂👌
Wish we would've watched a couple of your vids before we financed our '16 Explorer. We definitely got ripped off. I literally did everything you warned about in this
Sorry. We all live and learn.
Great content. Love your delivery and your info is spot on.
Thank you. I appreciate your comment
Thanks for all your advice and help 😊 I'm definitely going to be able to get a better deal on a car now. Love the channel and Great job!
Thanks! I e got a lot of car videos that should help
Lots of great info! Thanks for the insider tips.
You’re welcome! Thanks for watching :)
I had an appt today at a dealership and as soon as I got there, the guy I had an appt with pawned me off on a much younger sales associate who had no idea what I was looking for. Keep in mind, I had discussed some details about the car I was looking for with the original salesman.
The internet price was around $19,300. But after negotiating with them, the pride went UP to $21,350! This kid tried to tell me I had to pay for their window tinting that the dealership installed! Ludicrous!!
I walked out!
Sorry for the waste of time
HellBent ForHealth do you want to know why he pawned you off?
Because he knew you might not were really interested in buying so he just turned his costumer to someone else, its happens and I’ve seen it when you start telling them that you dont want to pay full price or you want a discount or you are asking for every single car and dont seem committed to buying.
Dont take it personal they live with that everyday its their job and besides having a younger guy as someone selling you a car with less experience its easier to grind to be honest so you can take advantage of that!
InvestX
We had just walked in the door. All we had discussed was the appt time, negotiation had not even begun.
@@hellbentfordrums749 He was prolly closing another car deal. He handed u off so you wouldn't be left alone and maybe leave. Had this done to me before. I just took that time to look more closely at the car and tske longer test drive to see the features. And possibly find another car I might like more. I later closed deal w the sales mgr I started with.
They pawn me off like that, I'm going to do something with my time that might benefit me in this process.
And if I felt it was taking too long, I just leave. I tell second, sales-kid, tell ur mgr to call me to discuss buying a auto when he has time for me.
I just did this yesterday at Subaru dlr. They were prepping parking lot for a big outdoor, blow out later that night. Everyone was all distracted. I test drove two OB models then told young sales guy, email me your best drive out price for my CU pre-approval. Thanks n left.
Such an eye opening video. I appreciate it.
Thanks. Glad you liked it
Calm, cool, and collected. I got it!! I got the money in my pocket and if they want it...
Thank you for watching!!
My dad came with me to buy my first car at a Toyota Dealership and haggled the price down. The dealer was really pushy with all these extras. For servicing and body work I always used third party mechanics as opposed to the dealer
Good call bringing your dad. First time car buyers can easily get ripped off
Awesome job on another great video. This video came just in time because I will be in the process of buying a new car soon.
Thanks for watching!! What car you gonna buy?
@@HonestFinance2019 Honda Insight. I kind of want to wait to see the 2020 models before I go all in. Great advice on putting a down payment on a credit card. I got a credit card that gives 1.5% cash back.
Good choice of car. I almost took that out of the video, so I’m glad you liked it. Use your credit card for sure if they let you and you have cash
😱😥 I'm guilty of making every mistake you mentioned. My last car purchase of $18,000 ended up costing $27,500 after warranties and add-ons.💲👎
Uhhh I’m so sorry. It happens to lots of us
Oh thats what we call getting “pounded”, its better if you paid that as fast as you can so you wont have to pay a lot interests
wow they scammed you for an extra 9k+.
I got it! Thanks Jason - really glad I found your channel.
I got 1.9% APR plus a 13% employee discount for a new VW GTI. However, tax, registration, wheel and tire coverage (good idea where I live), made the price go way up. Back to MSRP numbers. MSRP on the sticker is NOT an out the door price, but I turned it into that lol. If I can pay it off faster I'll pay less for it in the long run too.
Wish you can be my side when I buy my first car lol
wish same here.
Good job your doing... I have never built credit score before cos i paid everything cash but i realised the essence of credit score when i wanted to buy a home January this year.. Now i went car shopping but getting outrageous rates.. So i have been kinda skeptical but felt some sense of relief now that am watching ur video
Thank you for the video! Very helpful!
No problem. Thanks for watching it :)
Got it man, great vid!
Thanks for watching!
it is a shame you ended up paying everything for that car but from what i know i see it all the time turning 21 is the time we have become of age where you think you know it all as well as girls very very gullible in some situations i have seen some heart breaking instances... anyway Its awesome that your sharing all of your knowledge and past mistakes in which ive been through some myself I love them because they are very helpful. however I think it would be cool if you use these same video if you can and name it... 21 and want to buy my first car somewhere along those lines actually all your videos are so informative and if you can also keep them under the names that they are now how cool that would be reaching that audience as well...just my 2 cents either way keep them coming I certainly am learning too :)
I got it! Thanks! Good stuff. Your videos are really helpful!
Thank you!
Im still here. 🙂subbed! Thanks for the info! I like it that you dont talk fast like youre pulling something on us.
Thanks. I feel like I talk fast to the camera :)
We need professional car buyers for car salespeople and dealerships.
I got it. I work as a Warranty Administrator for a dealership.
Do not take out Disability Ins on a Car. A DEALERSHIP IN COUNTRYSIDE TOOK OUT APPROX $800.00, BUT NEVER FORWARDED IT TO THE INS CO?! The Dealership Changed Hands And The New Owner's Said They Were Not Liable! NEVER GOT THE MONEY BACK!
I got it, you have been so helpful to me by opening my eyes in car buying.
Thanks!! Car buying is a serious scam if you don’t do it right
@@HonestFinance right. So my credit score is 790 but the auto loan that is in the description is giving me 4.60% for 60 months on a 40k car. What do you have to say about it?
Can you afford the payments? 4.6% is about as good as they get right now
@@HonestFinance I can't, I think that I have to check my bank or credit union. Thanks for the help though.
you really can;t. Them moment you show interest in buying the car, that's when they start making their move. It's best to walk away everytime.
Eventually, most people need to buy a car. The point is to get out of the dealership without getting screwed too badly.
I got most of it. Thanks for the video.
You’re welcome :)
Thank you Jason! I got it!
This is depressing, dealers... sigh.
great video! i learned a couple valuable things!
Thanks for watching it. What was the best point you learned?
I get the concept of getting ripped off at a car dealership, but they do need to make a profit to keep their business running. That said, my question is.... How much profit should a car dealership be making on a typical car deal? Obviously they will try and make as much as possible, but what is optimal for the buyer to pay for a car? 5%, 10%, 20% over price? Plus there’s extra costs from financing and dealership add ons but what is ideal for the buyer to be able to have the best deal?
That’s hard to gauge based on supply and demand. There’s always a point where the dealer will keep negotiating or not. And every car/situation is different because of how much they paid for the vehicle and how long it’s been on the lot.
@@HonestFinance but wouldn’t there still be a way to figure the optimal amount? Obviously nothing is perfect, but it just sounds like a math equation for figuring out what the optimal amount should be? Just hypothetically let’s say supply and demand is normal across all vehicles. On you’re average car, do they markup the cars all equally? For example, marking them all up 10% higher the first day they put it on lot? Then for each week they reduce the price each by 2% just for example. I know I’m thinking to much into it but it’s gotta be some sort of a percentage based or based on making a minimum profit of a certain dollar amount or something. It seems unusual that they wouldn’t have some sort of structure to how they list the price based on the price they bought it.
I Got it! Thank you for the series.
Buying parts elsewhere and then asking the dealer to do the work is not done where I'm from.
I got it! Love the info!
Thank you! Glad I could help
Got it, liked, thanks!
Thanks for watching!!
5 months too late... bought a cpo at a good deal but they hit me with the extended warranty! life lesson for sure... great videos!
A dealer quoted me $900 on document fees and over $1000 on destination charge for a a KIA sorento. Add the taxes and you're over 30,000. Crooks
That’s so bad. I’m sorry
@@HonestFinance it sucks but whatever. I'm looking into leasing now. Not crazy about leasing but we'll see
Great info as usual, 👍🏾👊🏾✌🏾🇳🇬🇺🇸
Thanks!!
You’re amazing, God bless you!
Service department key, especially after an accident, will always avoid.
The issues im running into are A.) all dealerships ive spoken too are requiring financing (insanity) B.) and not accepting outside financing (ludicrous) C.) Charging well above msrp. D.) Not participating in the A-plan (ford. I am eligible) E.) Adding non negotiable several thousand dollar upcharges for things like zxilon ceramic coating.
It seems that no matter what i do im going to get completely railed. I totalled my previous, completely paid off vehicle. I do not have a car and fortunately my work has allowed me to use my work vehicle to get to and from work. Anyone have any ideas ? If it wasnt a 3 hour bike ride to work id just buy a bicycle at this point.
Very helpful
Thank you very much
I would love to see any suggestions on auto insurance. Especially in the area of which cars pay a higher rate. I own a 2007 Kia as well as a 2014 Ford explorer. I’m in California, Los Angeles area and I noticed recently that I am paying more on the Kia when it used to be a lot less than the Ford Explorer. It used to be that a rate went down the older a car got.
I know what you’re talking about. I’m starting to research insurance to do future videos on :)
I'm looking for my first new car and it's stressful just thinking about all the lies that go on in a dealership.
I got it. Nice presentation
Thanks for watching!!
That’s why you should just get a Tesla. ;) Thanks for sharing your story! Good to learn from others’ mistakes. Great video, Jason!
Thanks. I want a Tesla, but my f150 holds the family a lot better :)
Ew no get a Toyota it's hard to find people to fix your Tesla. These cars are for money grabs of the super rich and retired people hence drives self so old peps don't have too.
@@aBatwoman Respectfully disagree. Not sure how it's a money grab of the super rich. Do you have evidence for this? The average new car price in the US is ~$32k. Tesla has been actively driving down their prices to $35k to be more affordable to the masses. A strict money grab would be like Ferrari, Lamborghini, Rolls Royce, etc. Would you believe that the 8 year cost of Toyota would be substantially more expensive than that of a Tesla? Truth. ;)
@@HonestFinance Uhhhh, get the Model X ;)
I’ll take self driving well before I’m old. Then I could get more done :)
Thanks for the tips man, "I got it", question though, how much do you think you should pay maximum for your first car at 17 years old? I have a job and I want a camaro XD it's about 12k-15k for whichever one I get and i did the math for the monthly payment and i think I could make it happen but I want your advice
How much money do you make?
And do you have any other expenses?
I’m happy this happened . I’m happy that those buy here pay here places are doing that to . The reason . I sell used cars as a broker . I try to do right right , drive them and everything . Be very detailed as to all of the problems . But these cheap people keep saying I’m over charging for the cars I sell . Mine are usually the cheapest . The customers say I’ll give 1500 for the car you’re selling for $3000 . I see scratches and small dents I should get the car for free basically . Every time I try to sell a cheap Good car it’s a problem . People never want to pay for a good car .You all want to do the actual honest dealer wrong . So dishonest dealers please keep ripping them off thanks .
Got it and appreciate the vid 👍
Thanks! Glad I could help
Its stressful goingbto a dealer. I want to avoid it. Went in for a car that was just under 20k and by the tine he worked the numbers it was over 28k with all the extras. I laughed and lwft as he chased after me. I said no thanks
Oh yes, I got it. Thank you so much.
Thanks for watching!!
If they price match, where am I saving money? Negotiate down from the price match?
Yup, after my Honda Passport test drive yesterday, I told the young sales guy I had other dlr offers I should go check out.
He said in email to me later, I can price match any offer you get. Well no, he has to do better. Or I'll just buy at the dealership I'm at then. I won't go back for the same, exact deal. Gotta do better or I'm done shopping that day.
Yes, very true. I meant to elaborate that you should get a better price, not just a match
ernieD did he think his sparking personality was enough to get you back? Dunce. 😆😂😅🤣
If I want to put a certain amount down on a car an finance the other amount is that good to do
It really just depends on your current financial situation
Will I get approved for a loan from Lightstream Auto Loans with a credit of 684 (Fico Score 8) and 15% Downpayment?
First car buyer, I have never had a Loan in the US, only 1 credit card and I'm a permanent resident.
You can always try, but I don’t know their recipe for approval
I got it thanks
I got ripped off because I was all new to this. I got a high percentage APR and pay too much. I’ve been paying for about 7 months now. I need help on doing all these
If your credit is good, you should refinance. Here’s my video on it th-cam.com/video/wwxnPwxpKfM/w-d-xo.html
Got it 👍
So the exact same thing just happened to me... I bought a car yesterday, it was supposed to be 16,700 but with financing and whatever else they added to it came out to be 23,000... this is my first actual car so I had no idea what they were saying or what information they were withholding but I basically got screwed. I still don’t have the car in my possession they said I needed insurance before I can take it off the lot. I honestly thought I could get it afterwards so I’m just wondering if there’s anyway I can cancel the deal? I received quotes from different insurance company’s and I honestly can not afford insurance + payments.
I think you can totally cancel because you haven’t driven it . Sorry man!!
Let me know what happens and always get insurance quotes before you buy (just in case they’re a surprise). And here’s my car buying playlist of you want more videos. th-cam.com/play/PLOmIpJDqCR-L6xTFH83iG-hGK9aDpy17r.html
Honest Finance Yea dude I’ve been trying to do some research. Some say “it’s an unbreakable contract”, others say I have “72 hours”, or “its up to the dealership if they’re nice”, or “it depends on the state laws . It’s overwhelming for sure. Just wish I would’ve watched this video before I did the deal, if im able to cancel then I’m certain my credit is gonna take a beating . 😭
I think 72 hours is a national law for contracts . Look into it and hurry. Or look through your contract and see what all you paid for and have them renegotiate
Honest Finance thank you, I had a family friend look over my contract and basically said the exact same thing. He said they charged me for warranties I don’t need and things I will basically have my insurance cover. He told me to renegotiate or try to cancel because I certainly can’t afford the payments with the insurance and the interest for financing was too high . I also wish I would’ve known about financing through my own bank so the interest percentages would be smaller.... well I’m definitely learning a lot.
So its not true, you hv to get oil changes(servicing intervals) by them to not void your warranty??
I got it and thank you
You’re welcome!
I got it !
you said you were 20 years old when you bought your first car in another video, now you say you were 21... ? who is the real one who is lying to us...
I was 21. Sorry for the confusion :)
I heard the age too but i don't think it's of any importance cos one can be closed to confusion of having two ages in one year... I am 34yrs old now but would be 35yrs by April but have told different people different ages... Lol...
I got it! Thank you
;) Thanks for watching
I have a question. I’m thinking of getting a new 2019 Nissan 370Z Nismo. The MSRP is about 45,000-47,000. I believe the dealers invoice is about 44,000. When I’m in the finance stage do I negotiate when all the taxes and license tax are included or no? This will be my first ever car from the dealer. I am also not trying to get any add ones except maybe for the gap insurance. Everything else I will not want even though there is a chance they will try to sell me the other add ons as well. I want to negotiate around 40,000-44,000. By the way, your videos are very helpful and entertaining. Thank you for the tips!
I’d recommend watching all my car videos so you know more of what to expect. Negotiate everything before taxes. Here’s a playlist link th-cam.com/play/PLOmIpJDqCR-L6xTFH83iG-hGK9aDpy17r.html
I wouldn't buy a new nismo go for a slightly used one and save a good 8k
Looking to buy a 2015 Ford Mustang Ecoboost Premium with 74,334 miles on it. The car is in good condition, with only 1 owner and no accidents. The Ford dealership wants 15,575 for it. Is that a fair deal or do you have a better one?
$15,100 is the lowest average price paid. I think that a fair deal, just don’t let them charge you a bunch of stupid fees
Thank you got it
Thanks for watching! Hope it helped :)
I plan on buying the car in a couple of months so I still got alot of time to do my research. Let's just say I get the car checked out and inspected by a mechanic and everything is fine with the car what would be a good average price point to pay for a 2018 Honda Accord EX. Thanks again
You’re looking at about $23,500 with 20,000 miles
@@HonestFinance Thanks for answering I really appreciate it. I cant wait to start driving and own my first car. Wish you loads of success.
Thanks. I drive a new car and I love it
I bought it new, but now it’s 4 years old :)
What about lo jack $695 fee? Or $300 fee to take lo jack out?
Got it!
Thanks for watching
I actually wanted to finance a car that cost around $22000 but I can only afford to pay $350-$400 a month. And I've only just started building my credit from my student loans (670). Are there any other ways to get a lower monthly payment than to extend the loan pay period?
The only way is to buy a cheaper car, or put more down
@@HonestFinance is there a way to figure out how much I would be paying from the amount I put down?