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View Diary: Looking for advice on how to buy a car responsibly (49 comments)

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  •  When I used to sell cars I loved talking monthly (7+ / 0-)

    payments. We were taught always stress "How much do you want your monthly payment to be?"

    Because if you get someone on the right payment, you can stick them with high interest financing, for many more years, and make tons of profit on the back end. Get them to finance the extended warranty, get them to finance the mag wheels, get them to finance the cheap radio, and above all else get them to pay way more than they needed to.

    I was taught how to turn a $7000 car into a $14,000 dollar one and send them away smiling so the refer their friends.

    I'm glad car buying has become more transparent, but it's still bad.

    “Conservation… is a positive exercise of skill and insight, not merely a negative exercise of abstinence and caution…” Aldo Leopold

    by ban nock on Tue Jul 23, 2013 at 02:02:12 PM PDT

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    •  Absolutely (3+ / 0-)

      You need to do research not only on WHAT you want to buy but also how much you want to spend.  I always get my financing set up BEFORE I even start thinking about what kind of car I want to buy.  It helps me to stay grounded and to be able to say no when I need to. Then, if they come up with better financing, well and good.

      The best car you can buy is the one you can afford to by and maintain without too much pain.

      "I want to live in a world where George Zimmerman offered Trayvon Martin a ride home to get him out of the rain that night." Greg Martin, Bishop of the Episcopal Diocese of Central Florida

      by CorinaR on Tue Jul 23, 2013 at 05:35:40 PM PDT

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      •  Yes I always set up financing before hand and (0+ / 0-)

        that is why I keep a small amount of money in a certain credit card that Dad got for me over 50 yrs ago as a baby. They have the best financing rates around for cars and loans.

        I would use this credit union for everything but it is almost a 2 hour drive to that credit union with no online banking services.

        Join PA Liberals at

        by wishingwell on Wed Jul 24, 2013 at 04:15:25 AM PDT

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    •  Dad also taught me to be aware of all that (0+ / 0-)

      you mentioned plus I would finance my car, new or used, through the credit union with a low interest rate.

      I drove car dealers nuts because it would take me weeks to make a decision and I would return several times and call them several times before deciding.

      Dad taught me, as a woman, I have to be extra careful as he worried his girls would get ripped off so he really educated us.

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      by wishingwell on Wed Jul 24, 2013 at 04:13:34 AM PDT

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