1. If you consider buying a new car the best time to do it is around Christmas time because with not many of people are looking to buy a new car, and it forces dealerships to up their sales strategies. It’s easier to get a good deal when car sales are down and dealers want to make profit.
2. Never bring your old car to the dealership as a trade-in. The dealership often fails to make payments for the loan of your trade-in vehicle on time. You may become a victim of dealer fraud and be responsible for a great deal of late fees to the bank. If you do decide to bring a car in that you owe money on, get it in writing from the dealership that they will pay the balance on the car within 10 days.
3. Research on the internet new car prices, dealer incentives, and the best rebate offers before going to the dealer. The more you know the hard it will be for dealer to scam you.
4. Always have a copy of your credit report when going into a dealership. It will help you to get lower interest rates on your car loan, as well as prevent credit score scam.
