Comments on: Don’t Get Ripped off Buying a Car! http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/ Spiritually Prosperous, Financially Rich! Sun, 29 Jan 2012 03:42:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Buying New Car http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/comment-page-1/#comment-31238 Buying New Car Wed, 10 Nov 2010 09:12:52 +0000 http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/#comment-31238 Before you part with your hard-earned cash, be sure to check the car’s history online. If you’re buying privately, make sure you view it at the registered keeper’s address . <a href="http://www.carbuyersdirect.com.au/" rel="nofollow">Buying New Car</a> Before you part with your hard-earned cash, be sure to check the car’s history online. If you’re buying privately, make sure you view it at the registered keeper’s address .
Buying New Car

]]> By: Auto Loan Guy http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/comment-page-1/#comment-28519 Auto Loan Guy Sat, 25 Sep 2010 19:53:59 +0000 http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/#comment-28519 Without looking at your friends credit, it is tough to know if they were getting ripped off or not. Some states do not have a maximum interest rate, but you generally never see rates higher than the mid-twenties. It is definitely a good idea to shop around for an auto loan, especially if you are not getting a low rate. Generally speaking though, older cars will have higher rates than newer cars. Older cars have a better chance of breaking down, which increases the risk that the customer will not be able to make the car payment. Additionally, buying older cars usually means you are financing less money. On the $3,000-$6,000 cars, rates are generally quite a bit higher. IF YOU QUALIFY FOR CREDIT UNION FINANCING, go there first. There rates are generally lower, and they do not usually penalize you as much for buying an older car. Additionally, I can tell you from about 10 years experience, with the lenders that give 23% loans, there is no incentive for the dealer to send your loan through those programs. With good credit, we can sometimes get kickbacks from the lender to send the contract to them, but good credit banks do not allow us to write the contract rate so high. Perhaps your friend should get a copy of her credit report before applying for an auto loan to make sure that there is not something inaccurate on there messing up her chances of getting a good rate? Without looking at your friends credit, it is tough to know if they were getting ripped off or not. Some states do not have a maximum interest rate, but you generally never see rates higher than the mid-twenties. It is definitely a good idea to shop around for an auto loan, especially if you are not getting a low rate. Generally speaking though, older cars will have higher rates than newer cars. Older cars have a better chance of breaking down, which increases the risk that the customer will not be able to make the car payment. Additionally, buying older cars usually means you are financing less money. On the $3,000-$6,000 cars, rates are generally quite a bit higher. IF YOU QUALIFY FOR CREDIT UNION FINANCING, go there first. There rates are generally lower, and they do not usually penalize you as much for buying an older car. Additionally, I can tell you from about 10 years experience, with the lenders that give 23% loans, there is no incentive for the dealer to send your loan through those programs. With good credit, we can sometimes get kickbacks from the lender to send the contract to them, but good credit banks do not allow us to write the contract rate so high. Perhaps your friend should get a copy of her credit report before applying for an auto loan to make sure that there is not something inaccurate on there messing up her chances of getting a good rate?

]]> By: gas card http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/comment-page-1/#comment-4104 gas card Sun, 21 Jun 2009 08:45:10 +0000 http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/#comment-4104 If anything you're friend should have listened to you, the salesman must have pithced her even harder after you got off the phone with her or had pitched her so hard before you were on the phone with her, that I guess she was blinded by it. When buying a car you really do have to do your complete homework. One time... my father and I went to a dealership to purchase a car, and we said to the salesman that the car was way over priced and we could get a way better deal in new york city, as soon as we said that, the salesman realized who they were dealing with, and immediately knocked off $7,000 of the sticker price of the car. We still walked away, but it just goes to show you that there is alot that goes on, and some poor soul who bought the car, probably paid the sticker price, if not close to it. And... 23% interest rate for a car is absurd! I've honestly never seen it that high. -Randy If anything you’re friend should have listened to you, the salesman must have pithced her even harder after you got off the phone with her or had pitched her so hard before you were on the phone with her, that I guess she was blinded by it. When buying a car you really do have to do your complete homework. One time… my father and I went to a dealership to purchase a car, and we said to the salesman that the car was way over priced and we could get a way better deal in new york city, as soon as we said that, the salesman realized who they were dealing with, and immediately knocked off $7,000 of the sticker price of the car. We still walked away, but it just goes to show you that there is alot that goes on, and some poor soul who bought the car, probably paid the sticker price, if not close to it. And… 23% interest rate for a car is absurd! I’ve honestly never seen it that high.

-Randy

]]> By: Milestone - BFN Passes 100,000 Page Views | BorrowFromNone.com http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/comment-page-1/#comment-3805 Milestone - BFN Passes 100,000 Page Views | BorrowFromNone.com Wed, 03 Jun 2009 12:24:38 +0000 http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/#comment-3805 [...] Remember this when buying a car from Christian Finance Blog. [...] [...] Remember this when buying a car from Christian Finance Blog. [...]

]]> By: Henry http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/comment-page-1/#comment-3758 Henry Sat, 30 May 2009 02:17:57 +0000 http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/#comment-3758 Some people just don't listen and have to learn the hard way. The only good thing about learning the hard way is that it's a good lesson (and most people will actually learn something that way). Isn't the picture great? Some people just don’t listen and have to learn the hard way. The only good thing about learning the hard way is that it’s a good lesson (and most people will actually learn something that way).

Isn’t the picture great?

]]> By: CD Rates Guy http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/comment-page-1/#comment-3755 CD Rates Guy Fri, 29 May 2009 21:08:09 +0000 http://christianfinanceblog.com/2009/05/28/dont-get-ripped-off-buying-a-car/#comment-3755 How infuriating! I can't believe the woman wouldn't listen to you. She's almost worse than the person taking advantage of her, bc she's allowing it to happen even after getting your advice and voluntary help. Some people just can't be helped. On a side note, that pic is perfectly hilarious! How infuriating! I can’t believe the woman wouldn’t listen to you. She’s almost worse than the person taking advantage of her, bc she’s allowing it to happen even after getting your advice and voluntary help. Some people just can’t be helped.

On a side note, that pic is perfectly hilarious!

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