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I wonder if you could test drive a car to a Carmax and have them appraise it heh. Then just add on the spread of whatever nada,kbb,Edmunds say is the difference between trade in and retail.
Thanks for your help. Couple things. First is that I don't know what a good price is, so I really need to find the sold prices to get a good gauge on current market value for the car I want to buy. But even on Truecar.com, I don't see an option for sold vehicles. What am I missing?
Second, how do I get my own financing? Where do I go? A bank? And wherever I do go, is it always better than going through the car dealership? Lower interest rates or is there some other reason that it's better to get my own financing?
Usually you can go to a bank or credit union and get approved for a loan. They will issue you a check not to exceed x amount. You walk in write the check out to the dealer for a amount you agreed upon (not to exceed your loan amount) and get your car,
Personally I would bring my own financing as dealers tend to have backroom deals with loan companies. Remember if you get a car loan from a dealer they are not required to give you the lowest loan you qualify for. Say you qualify for a 3% loan but try throw a 3.5% loan on the table and you bite. They will sell the loan to you at 3.5 give it to the bank that agreed t take it at 3% but the loan pays 3.5% (you) and they pocket .5% on the backside from the loan company as a return.
When I go buy a car I go in with one thing in mind. To get the best deal for ME. If dealer A won't dealer B might and dealer C and D will. Where and what dealer I get the car makes no difference to me.
uk: Used, yes. Checked CL and not much came up. Just one car and it was priced similar to what I've seen online.
Notnamed: I wonder, too. I mean I'll definitely ask to get a PPI, but I wonder what entails getting a car appraised with a place like Carmax.
Unit731: Good call on eBay. Seen two XLE Camry's (which is what I want) sell for half what I've seen them listed for on some of these online sites. And they have similar mileage, too. I mean I'm sure there are some variables out there, but that's a pretty huge markup any which way you look at it, I would think, no? I was intending to ask the dealership for $2,000 off of sticker price, but now I honestly don't even know if I should ask for more or not. Feeling clueless does not feel good. lol
Usually you can go to a bank or credit union and get approved for a loan. They will issue you a check not to exceed x amount. You walk in write the check out to the dealer for a amount you agreed upon (not to exceed your loan amount) and get your car,
Personally I would bring my own financing as dealers tend to have backroom deals with loan companies. Remember if you get a car loan from a dealer they are not required to give you the lowest loan you qualify for. Say you qualify for a 3% loan but try throw a 3.5% loan on the table and you bite. They will sell the loan to you at 3.5 give it to the bank that agreed t take it at 3% but the loan pays 3.5% (you) and they pocket .5% on the backside from the loan company as a return.
When I go buy a car I go in with one thing in mind. To get the best deal for ME. If dealer A won't dealer B might and dealer C and D will. Where and what dealer I get the car makes no difference to me.
Thanks a lot for the explanation. I appreciate it. Will definitely go to my bank.
Yes it may be cars that only sold at auction but you can use that information to extrapolate what a car will bring at market. Over on Edmunds' there is a forum called Real World Trade In Values and a poster pays for auction results. He can then advise you what you should pay for a used car in certain market. He's usually pretty close.
Yes it may be cars that only sold at auction but you can use that information to extrapolate what a car will bring at market. Over on Edmunds' there is a forum called Real World Trade In Values and a poster pays for auction results. He can then advise you what you should pay for a used car in certain market. He's usually pretty close.
What's the cost to get auction results? I could supply them for a fee...
In the Northeast, everybody uses Galves. You can get a 1 week online subscription for $9.95. You're getting the wholesale/auction price which is what you'd get as a trade-in.
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