Kick the Dealer . . . Not The Tires! (Motom Publishing;184 pp. paperback, $14.95) was written the premise that most people don't enjoy the car-buying process.
Marine's contention: "Most people hate buying a car. They rate it right up there with getting a root canal—downright painful. But why oh why is buying a vehicle such a nightmare?
"For many of us it is the painful negotiation to get the best price. Is there any way that we can buy a car and save money without all of the stress?!
But Marine also has five tips to help buy buyers save money:
1. Check Your Credit Report
Most credit reports contain inaccurate information. It's up to you to find the inaccuracies and correct them - there's no government agency that requires the credit report companies to amend mistakes to your report.
2. Good Credit Means That You're Ripe for Abuse
When you have good credit, banks place fewer restrictions on your loan and that allows dealers to charge you more for the car and inflate your interest rate. So it's crucial to know your lender's conditions on your loan up-front.
3. Bad Credit Means the Bank Protects its Money
When you have bad credit, the bank places more restrictions on the loan. That gives dealers less wiggle room to add on options or raise the interest rate. But bad credit still means you have fewer options when borrowing money.
4. Get Pre-approved Before You Visit Any Car Dealers
That way the dealer is forced to make a deal that fits the conditions outlined by the bank - again, eliminating that profit wiggle room.
5. Have an Exit Strategy
Don't let the lust for leather seats and a premium sound system melt your brain. When buying a car, keep in mind at some point you'll sell that car. So you must be smart. You'll pay much more for options than you'll recoup when selling it down the road.
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