Never Walk Into a Car Dealership Without Knowing These 5 Things First
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Your Budget:
Determine how much you can afford to spend on a car, including taxes, registration, insurance, and ongoing maintenance.
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Credit Score:
Check your credit score and know your credit history, as it can impact the interest rate you qualify for.
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Research:
Research the make and model of the car you want, including its price range, features, and reviews.
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Vehicle History Reports:
Obtain a vehicle history report (e.g., Carfax) for any used car you're considering to check for accidents or other issues.
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Financing Options:
Explore financing options such as bank loans, credit unions, or dealership financing to find the best interest rates and terms.
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Preapproval:
Get preapproved for a loan before visiting the dealership, which can give you negotiating power and help you stay within your budget.
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Trade-In Value:
If you have a trade-in, research its current market value to ensure you receive a fair offer.
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Dealership Reputation:
Check online reviews and ask for recommendations to find a reputable dealership with good customer service.
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