When you arrive, focus on the vehicle's condition and your personal fit, not the finances. Buying a Used Car From a Dealer - FTC Consumer Advice
Don't walk into a dealership without a clear plan. High-pressure environments can lead to reactionary, expensive decisions.
Use the 20/3/8 rule : put 20% down , finance for no more than 3 years , and keep monthly payments under 8% of your gross income.
Get a loan offer from a credit union or bank before you go. This gives you leverage to ask the dealer to beat that interest rate and prevents them from manipulating loan terms.
When you arrive, focus on the vehicle's condition and your personal fit, not the finances. Buying a Used Car From a Dealer - FTC Consumer Advice
Don't walk into a dealership without a clear plan. High-pressure environments can lead to reactionary, expensive decisions.
Use the 20/3/8 rule : put 20% down , finance for no more than 3 years , and keep monthly payments under 8% of your gross income.
Get a loan offer from a credit union or bank before you go. This gives you leverage to ask the dealer to beat that interest rate and prevents them from manipulating loan terms.
