I see from the ads in the papers that the car dealers are gearing up for some spring cleaning. I purchased a new vehicle a couple of years back & it was a learning experience.
Watch out for those 0% financing deals. Pay attention to the cash purchase price vs. the 0% financing price (it is always higher). Get your figures and run them by your banker - If you are a secured creditor you may get a better deal by borrowing from the bank and paying the cash purchase price as opposed to the 0% financing option.
Pay attention to the extra add-on costs such as freight, license, registration, etc. These costs can add up in a hurry.
Also, once you think everything is done there are other options such as extended warranties, rust proofing, security systems, CD player and various upgrades. Again, these costs can add up in a hurry.
Another thing to watch out for is when the dealer calls to inform you that your new vehicle is ready. Dealers call around to different dealers to see if your model is availalbe (Green Dodge, power windows, keyless entry, etc.) Sometimes they find your model & specifics however it may have a couple of options on it that you didn't ask for. If they pressure you into paying for these options tell them to forget it. Chances are they will give them to you for free just so they can close the deal.
And last but not least - Taxes!!!
Hope this helps.
Watch out for those 0% financing deals. Pay attention to the cash purchase price vs. the 0% financing price (it is always higher). Get your figures and run them by your banker - If you are a secured creditor you may get a better deal by borrowing from the bank and paying the cash purchase price as opposed to the 0% financing option.
Pay attention to the extra add-on costs such as freight, license, registration, etc. These costs can add up in a hurry.
Also, once you think everything is done there are other options such as extended warranties, rust proofing, security systems, CD player and various upgrades. Again, these costs can add up in a hurry.
Another thing to watch out for is when the dealer calls to inform you that your new vehicle is ready. Dealers call around to different dealers to see if your model is availalbe (Green Dodge, power windows, keyless entry, etc.) Sometimes they find your model & specifics however it may have a couple of options on it that you didn't ask for. If they pressure you into paying for these options tell them to forget it. Chances are they will give them to you for free just so they can close the deal.
And last but not least - Taxes!!!
Hope this helps.