Old And Reliable: Average US Vehicle Is Now 11.5 Years Old, According To New Report

[Aerows]

47. Buying a new car

Is like saying "Oh yes, please screw me with higher than needed interest rates, while telling you how awful your credit is.

Go your Credit Union, could get the cost as a private loan at 3%, so you pay exactly what the you specified.

It makes car dealers have sad face because the back end (finance department's cut on bird-dog financing) is cut out of the deal.

Let's recap. Get a loan before you go in there if you want to buy a new car, do not disclose that you already have financing, and force them to negotiate as though you would be open to their finance managers changes. They want you to take it home tonight, starry eyes.

After you have negotiated the slimmest profit margin deal on interest, and price of the car. Boom. Pull out the financing at 3.5% you already have.

You've just bypassed Financiers that are assuring you that your credit rating is terrible ... "so apply with us!".