Here’s what often happens…
You drive in, get out of your car and take a look around. A sales rep comes out, introduces himself and asks you questions about what you’re trying to find. He tries to “land you on a car”. When you pick out the car that you like, he encourages you to do a test drive ( he wants to get you emotionally involved with the car ). During the test drive, he asks you about work and where you live ( this is to get you to take “mental ownership” of the car ). You get back to the dealer and he encourages you to come within the dealership to study figures.
You get inside the dealership and are presented with a down payment, payments, the price of the car and the amount authorized for your trade in ( if you have one ). You then negotiate, and once numbers are concluded on, the salesman starts to fill in a credit application.
Once your credit report is pulled, the tables turn.
If you have blots on your credit report, the dealer wants to put you in a position to where they’ve a total advantage. They need you to feel just like you are fortunate to just get approved . Generally you’re told that you can’t get approved for the automobile that you just test drove and will need to look at something else. They then “work you” for a down payment and tell you that your payments will be higher than you had predicted.
That is the standard eventuality when buying a car with bad credit. The negotiation power is in the hands of the one that will get you authorized, or not.
Oh, really?
Are you aware that being your own bank can change everything about this experience? In fact you will not even have to fret about a credit report being pulled by the dealer, in truth he or she will see you as a cash buyer.
Think about this for a minute. No application, no credit report, no refusal on the sort of car you wish to buy.
In fact you will have the precise make and model in mind before you even show up. Did you know all cash buyers can request the dealer show them the factory invoice from the construction so you can see what the dealer paid for the car? If they refuse you can just leave and take your business else ware. If they accept, they must show you the true invoice or they are subject to a fine from the dealer licensing board.
We can teach you to become your own banker, its really easier than you suspect.
Buying a car with bad credit
Buying a car with bad credit
No comments:
Post a Comment