Posted in Lending
The saying that ‘knowledge is power’ definitely applies in the vehicle purchasing situation. Use the links below to research the value of your existing vehicle and/or the value of a vehicle you are considering purchasing.
Kelley Blue Book
Tips for Dealer Negotiating:
- Buy on the last two days of the month
- Window shop on the days that dealers are closed. Never impulse buy.
- Negotiate initially strictly on the purchase price. After you agree on that figure, then bring up any trade-in you may have.
- Negotiate based on the bottom line; not on the monthly payment amount.
- Have your loan pre-authorized at the credit union. Our loan officers will advise you of the amount you qualify for and will help you avoid unnecessary dealer add-ons.
Tips for Used Car Buyers:
- Check for oil spots under the vehicle after driving it.
- Check tread on tires for uneven wear and decent tread depth.
- Make sure all door, hood and opening joints line up evenly.
- When accelerating, look for smoke in the rear view mirror.
- Drive at a speed that will allow you to shift into overdrive.
- If oil is dark black and thick, chances are the vehicle has not been maintained properly.
- Never buy a car without an inspection sticker.
- If buying from a dealer, insist upon the dealership providing the CAR FAX report.
- If buying from an individual, purchase the CAR FAX report yourself. It is a small investment that can help you avoid future trouble.