Abc News Car Buying Tips Page

: Be wary of 72-month or 84-month loans. While they lower monthly bills, they increase total interest paid and keep you "underwater" (owing more than the car is worth) for much longer.

: Secure financing from a bank or credit union before arriving at the dealership. This provides a baseline rate that the dealer may try to beat with manufacturer-backed promotions. abc news car buying tips

: For used cars at a dealership that aren't already certified, you may be able to negotiate for the dealer to certify the vehicle in exchange for a slightly higher price, which often includes a stronger warranty. Timing and Inventory : Be wary of 72-month or 84-month loans

: Reference resources like Edmunds or Kelley Blue Book to determine the True Market Value (TMV) and invoice price before visiting a dealer. Budgeting and Financing This provides a baseline rate that the dealer

: Experts recommend putting 20% down , limiting the loan term to 4 years , and keeping total vehicle expenses under 10% of your monthly income .