Public auto auction chicago il


hello I’m Kevin hunter the homework guy
your consumer advisor in the car
business I’m here to talk about 13 car
buying mistakes you want to avoid have
you ever regretted a car buying decision
if you did it’s likely because you
pulled the trigger on a less than fair
deal for one or more of the following 13
reasons number one you went to the
dealership to see what kind of financing
you can get approved for my video on
YouTube auto financing stresses the need
to inquire at your own bank or credit
union before you go car shopping even if
the dealer offers you a great interest
Public auto auction chicago il
competitive given your personal credit
profile a 3.9% might sound pretty good
but what if you qualified for 2.9
percent at your own bank armed with that
information before going in the door
might have landed you at 2.7 percent at
the dealership see the benefit of
knowing before going number 2 you failed
to take the time to do a good test drive
or you skipped it altogether have you
ever walked onto a car lot and said I’ve
always owned a minivan I know how they
ride I don’t need to drive it the
obvious importance of this should make
it completely unnecessary to say but
I’ve seen it skipped too many times test
drive your car and do a proper test
drive every single time number 3 you
didn’t give consideration to the safety
of the vehicle and you believe the gas
mileage estimate given by the
salesperson do you have any idea what
the difference is between a five-star
crash rating and a 3 star crash rating
well let me just say this you triple
your risk of injury between those two
ratings you might want to know what the
safety rating is on the car that you’re
looking at and you can find real
information at safercar.gov and at IIHS
dot-org take the time to do this your
family will thank you as far as fuel
economy goes check out every vehicle
you’re considering at fuel economy gov
the most commonly told on the car lot
has to do with exaggerated gas mileage
quotes from the salesperson number four
you thought that window sticker was the
starting point for price negotiations on
new cars you couldn’t be more wrong have
you walked onto a dealer’s lot and seen
the window stickers on some of the new
cars it’s nothing to see $50,000 on a
new vehicle these days but realize that
that’s nowhere close to what you’ll be
asked to pay the sticker on a new car is
the MSRP the manufacturer’s suggested
retail price a dealer discount comes out
of that and the manufacturers rebates
due to sometimes the combined discount
can be as much as $10,000 number five
you are taken in by all the incentives
to buy you’re going to hear all the
stories the rebates are ending today you
qualify for 0% financing for 72 months
in the promotion expires the dealership
might even throw in free oil changes
free car washes or free accessories if
you buy today the truth is is that
there’s only a few occasions where
rebates actually go down most of the
time they stay the same or even increase
number 6 you failed to research the
trade value of your current car there
are usually two types of customers out
there the first has no idea what his car
is worth and the second has their car
grossly overvalued don’t be one of those
two people call around and get a number
of estimates on your vehicle and then
when you go to actually trade it in
stick to your guns and make sure you get
what’s fair number seven you got
emotionally involved in the car did you
know that one of the many things that
car salespeople are trained to do is to
get you emotionally involved in the car
that’s the job of the salesperson when
you take the logic out of the equation
you can be talked into anything as this
ever happened to you number eight a
monthly payment goal was the deciding
factor in your purchase don’t make this
mistake every salesperson loves the guy
who walks in and says I’m looking for a
car with a $300 per month payment hey
that’s an easy goal to hit and there’s a
variety of ways to do it all while
gouging you on sale price financing and
all the other products they want to add
on to your car number nine you bought
all the extras did you know that you are
going to run into sales person number
two after you bought the car they call
this person a delivery coordinator but
you’re actually talking to a slick sales
person who’s going to sell you every
gimmick that possibly can be added to
your car rustproofing out of start mud
flaps paint sealer carpet protector the
list goes on the bottom line is this the
car will only be worth what
book value or fair market value is at a
later date and all that money you sank
into accessories will go down the drain
or possibly even devalue your car number
10 you skipped having a mechanic look at
the car because the dealer inspected it
let me tell you something I work with
cars every day yet there’s a lot I don’t
know about a car are you really the
mechanical genius who knows the
difference between a good car and a bad
car car inspections usually cost about
25 dollars at a typical garage and it’s
well worth your money I shouldn’t have
to say this don’t ever have this be the
reason why you regretted a car purchase
number 11 you let your guard down
after you negotiated the deal okay so
you met salesperson number one he was

Public auto auction chicago il - Government Car Auctions

Public auto auction chicago il

Public auto auction chicago il
the guy who showed you the car then you
met salesperson number two that was the
delivery coordinator you met in the
accessories department now you’re going
to meet salesperson number three who is
actually the toughest and sharpest
salesperson they have this person is
also known as the F&I manager did you
know that dealers can make as much or
more money in the finance office as they
do on the purchase of a car you aren’t
just waltzing into an office to sign
papers with a desk clerk and then be on
your merry way you’ll be sitting across
the desk from one of the most highly
skilled moneymakers the dealer employs
you definitely want to be ready for
what’s to come
don’t let your guard down in the
business office and keep a tight hand on
your pocketbook the whole time number 12
you didn’t know what gap insurance or
theft protection was these are often two
of the big moneymakers at a typical
dealership the dealership will offer you
gap insurance at a cost of six to eight
hundred bucks
what’s gap you ask it’s the insurance
that you may need if your vehicle is
ever totaled it pays the difference
between what your auto insurance covers
and what your outstanding loan balance
is that’s the gap what they don’t tell
you is that you can buy gap insurance
from your car insurance agent for
twenty-five to thirty-five dollars a
year then there’s theft protection an
item that keeps appearing on one car
contract after another and it’s quickly
becoming known in several states as the
scam of the decade if you do your own
research you won’t find one independent
site praising it just say
no to theft protection number 13 it
seemed like such a great deal you chose
not to sleep on it some of the best car
deals I’ve been involved in were deals
that never happened let me explain
when roger and victoria called me about
getting a new car i asked what kind of
vehicle they currently owned they were
driving an O six Toyota Tundra with
50,000 miles on it and although it was
paid off
they didn’t like the fuel economy I
explained that I understood what they
wanted but I still wasn’t convinced that
they needed a new car so I encouraged
them to drive a few vehicles and then go
home over the weekend to think about
what they really wanted to do on Sunday
night I got an email from Victoria
saying sorry we wasted so much of your
time the truth is that our budget won’t
allow any car payment at this time so
we’re just gonna have to wait I can
promise you that they didn’t regret
going home to think about their options
and neither will you
besides by the next day your emotions
will have calmed down you can now think
logically about what’s the right thing
to do for you and trust me the deal and
the car will still be waiting for you no
matter what they say those are the 13
mistakes you want to avoid when buying a
car I’m Kevin hunter the homework guy
your consumer advisor in the car
business thanks for listening

Public auto auction chicago il - Government Auctions Cars For Sale

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