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Advantages of Using a Tax Refund to Buy a Used Car

Hertz Car Sales

By making a bigger down payment, you can either increase your purchase budget or use it to get a lower monthly payment. A down payment will increase your odds of approval for financing if you have a limited credit history. What are the Advantages of Buying a Used Car with a Tax Refund?

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Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

The F&I manager will also offer additional products such as extended warranties and GAP insurance. GAP insurance is crucial if your down payment was low or your loan term is long. MSRP (Manufacturer’s Suggested Retail Price) The price that the manufacturer recommends the dealership sell the car for.

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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

The "Four-Square" Method This is a common sales tactic where the dealer uses a worksheet divided into four parts: your trade-in value, the purchase price, the down payment, and monthly payments. What is an "extended warranty"? It’s okay to take your time to ensure you’re making the right choice.

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