Why is car buying such a pain in the ass?

[WindAtMyBack]

I used to buy and sell cars and dealt with those guys a lot. Those guys are some of the worst scum on the planet.

If they didn't make it complicated it would be a lot harder to add a bunch of hidden fees. In all the confusion there is more chance that you will get confused or "tilt".

Check the laws in your state. Check about cooling off periods where you can back out even after signing a purchase agreement. Check lemon laws. Check what fees they are legally allowed to add to the price. For sure they can add sales tax. They can probably add a reasonable fee for the title and license - but they tend to charge waaay more than it actually costs them. They may try to add a bunch of other fees, and make you thin you need to pay them. Know ahead of time which ones you really need to pay and which ones you don't.

Just keep in mind that they don't make their money on the car. They make their money on all the add-ons. They make a lot on financing (which is why you should never tell them if you are paying cash). They make money selling you insurance. And they make money on all those add-ons.

There are a lot of videos on YouTube about buying cars. I'd suggest watching them, especially if you can find some in your state.

Don't trust those guys. Be VERY leery of everything they say. Even if it sounds legit, that doesn't mean it is. They make their living doing this and know exactly what to say.

As far as financing, if your credit is bad, that means you will pay far more for the car. The selling price is meaningless when you finance. Only your total payments matter. The lower the monthly payment. the more you pay for the car. You want the highest payment you think you can afford, with the lowest interest and shortest term.

Also consider finding your own financing. They are getting some type of commission for setting up the financing with an outside source. You can bypass that by getting financing yourself.

[Static_In_The_Attic]

For starters the seller can go pound sand on the price based on the mileage & the next time you look at the vehicle write down the vin number & pull up all the information such as service history, recalls (4), accident reports & more. On the other hand start saving money for a higher down payment or at such as low price like that pay cash if you can.

[DeeDeeDeVour]

First of all, you'll enriching them due to that unfair asking pricing. Then, you'll enrich that finance company that's gonna slap you with miscellaneous finance charges and high interest. I say shop around some more.

[exitseven]

I always buy new. I usually get the sales guy to talk about all the special deals like 0% interest and cash back scams. While he is giving me all that crap I let him think I want their financing and will buy the undercoating and extended warranty and the other crap they try to push on you. While all that is going down I get him to lower the actual price of the vehicle. After that happens I buy the vehicle for that amount of money and write a check for it on the spot. I use a home equity line of credit to buy cars. The interest rate is much lower and I can deduct the interest on my federal taxes.

[Citizenkirk]

BECAUSE only ASSHOLES try too make a living selling them, and thier shit does stink, and since everything that comes out of their mouths is B. S., they can fertalize a field just by talking too it.💩💩💩💩💩💩💩💩💩

[Smoothing]

I think that car is too expensive. Both for the milage and year. I would strongly recommend searching around more. If you have a friend who is a mechanic or someone that knows about cars, seek for their help. They can prevent you from being ripped off.

[DCooper]

$5k for a compact with 130k miles on it? Ouch. I'd consider finding something from a private owner off craigslist or fakebook marketplace that your stimmie and savings can pay for upfront. There actually are very driveable cars out there for $1k, and if something goes badly wrong, you scrap it, get 300 or 400 from the scrapyard, and find another one. Better than having a monthly payment, THEN having something expensive go wrong on top of that.

[Redstang88]

That’s pretty steep for that car, but those used car outfits do tend to gouge you. Those guys are vultures, be careful.
But to answer the question - to be blunt, it’s not if you can afford it. 20% is the standard minimum down payment for older used cars, and sure they’ll approve any credit- IF you have a co-signer and/or a big enough down payment.
Keep saving or find a cheaper beater for the time being.

[GoodGuyBreakingBad]

Yes, that sounds like a deal but make sure the vehicle doesn't have recalls or have repairs multiple times I don't know car dealers can be something where I live in Pennsylvania my cousin is paying on the vehicle $230.00 a month and insurance $350 cause of the Covid but she put so much money in it for repairs, just the other day the turn signals burnt out so it cost her $20.00 to have them fixed?

[Levin]

It's not really provided you have enough money.

That's what it always comes down to.

[Jjpayne]

Yeah, it's pretty stupid... I think it's all about that credit score or at least I've heard...

[CaptainSmartass]

Because secondhand car salesmen are inherently dodgy. They'll rip you off for more than the price of the car. If you can, try and save as much as you can, and add that to your stimulus payment to try and reduce your payments as much as possible.

It dose look like a mice motor. Do you know the mileage, and if it comes with a long MOT? If not, you can see if the price includes one.

Simples...

[ayomanwya]

A car accident, gas, having to get your car back if got towed, accidentally locking your keys inside the car, car breaking down, car won’t start, car gets stolen, running out of gas, traffic

[Jamie05rhs]

But a car somewhere else. They're a shitty dealership.

[legalboxers]

so the car dealers can fuck with you as much as they can

[msc545]

Be careful - car salesmen are basically snakes. Especially the "finance guy" at the end who will try to sell you a lot of shit you don't want or need.