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Smart Tips for Buying a Pre-Owned Chrysler, Dodge, Jeep, Ram, or Fiat Vehicle

Market Doctors

When exploring different options, consider factors such as fuel efficiency, safety ratings, long-term reliability, maintenance costs, and overall performance. Taking the time to thoroughly evaluate the vehicle during your test drive can give you valuable insights into its performance, reliability, and long-term suitability for your needs.

Finance 95
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Negative equity in car – cover with down payment or use for newer vehicle?

Shawn Ryder

When purchasing a new vehicle, it’s not uncommon to come across the term “negative equity.” Understanding Negative Equity Negative equity, also referred to as being “upside down” on your loan, occurs when the amount you owe on your vehicle exceeds its current fair market value.

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Is this a strange dealer discount on a new vehicle?

Shawn Ryder

Financing Incentives: Low-interest rates or special financing terms can make a vehicle more affordable over time. Trade-In Offers: A higher trade-in value can offset the cost of a new vehicle. This can lead to what is termed a “discount effect,” where the mere presence of a discount can sway decision-making.

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Dealership price match or walk away?

Shawn Ryder

In essence, when a dealership offers to match a lower price from a competitor, they are essentially saying, We value your business and want to ensure you choose us over others. Clarity of Terms: Some dealerships have clear and straightforward terms regarding their price match policies, while others might have hidden clauses.

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Using a credit union and negotiating with the car dealer?

Shawn Ryder

Flexible Terms: Many credit unions offer more flexible loan terms and personalized service, catering to your specific financial situation. Understand Loan Terms: Carefully review the proposed loan terms, including interest rates, repayment period, and any fees associated with the loan.

Finance 52
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Step-by-Step Guide How to Negotiate a Car Price

Car Examer

Know the Market Value: Use online resources to determine the fair market value of the car you’re interested in. Knowing the car’s value helps you recognize a good deal when you see one. You’ve successfully navigated one of the most significant purchases most people make, and you did it on your terms.

Rebate 59
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What are realistic concerns about being interested in a car that’s been listed for 7 months?

Shawn Ryder

Here are the key aspects to consider: Market Comparisons: Reference similar models in your area and analyze their pricing. Tools such as Kelley Blue Book and Edmunds can provide insights into fair market value. Ensuring due diligence minimizes buyers remorse and promotes long-term satisfaction with your purchase.