3 Amazingly Simple Ways to Save Money When Buying a Car With Bad Credit

Is it that time? Time to get a newer vehicle and trade-in the old sled that you’ve been driving for the last while? Well, if you have bad credit – you know that it’s easier said than done. It can be quite a challenge to get approved (unless you use online lenders) and then after that, it’s even tougher to save money.

Here’s a few tips that can save you thousands of dollars –

1) Don’t tell the dealer that you have a down payment!

Why?

Simple. If the dealer knows that you have money in your pocket, the price will go up when they first present the numbers to you. Loan companies will only loan up to a certain amount for cars, so the dealer will raise the price above that amount, by the amount of your down payment. So what happens? Your down payment disappears like a magic act in Las Vegas.

2) Tell the dealer that you will be using their financing, then back out. Look, if you think it’s unethical to use this kind of tactic, you don’t realize who you’re at war with. Car dealers are trained to play games with you – beat them at their own game. By telling them that you’ll be using their financing, they’ll be planning on making money on your interest rate – so will be more apt to lower the price of the car upfront, to make up for it on the back-end. When you back out, they’ve already priced the car.

3) Get your own financing. This works in tandem with number 2. You can save a lot of money by getting your own financing arranged. If you have good credit – go to a local banker. If you have bad credit or less than perfect credit – go for online lenders that specialize in working things out for folks in your situation.

Got bad credit and don’t know where to go for a loan?

http://www.BuyingCarswithBadCredit.com can show you the money with easy online auto loans!