KNOW WHAT YOU ARE SIGNING. Carefully scrutinize every document before you sign, especially the retail installment contract. NEVER let someone �tell� you what the contract says. Examine and understand the sales price, interest rates, payments, trade-in values, and pay-offs. If you are leasing, or financing with a balloon payment at the end, make sure you are aware of your responsibilities. NEVER sign a blank form, or one with blank spaces in it. Make sure that you understand every amount listed, and that it agrees with the �deal� that you made.
If you are financing the vehicle, it is a good idea to get preapproved for a loan. This way you'll know your purchasing budget and the interest rate for which you qualify. Some lenders won't offer a loan if the vehicle is passed a certain age or if it has too many miles. The limitations will vary by lender. In this case, your next move might be to apply for a personal loan. Just be aware that those interest rates are typically higher than for auto loans.
Consumers may file complaints with the Oklahoma Motor Vehicle Commission regarding New Motor Vehicle Dealers and their sales, management, or finance staff, which are licensed by this Commission. Please refer to the complaint form and instructions. If you need to refer to the OMVC law and/or the Commission�s Rules and Regulations, you may also access them from this website.
If there is no special offer, you can email, text or telephone dealers for a price quote. Getting four to six quotes on vehicle prices in an hour should be easy. Call the internet manager to verify that the vehicle in question has the options you want and to check if it has any other dealer add-ons. Not all will match your ideal configuration, so you may have to be flexible on options and color to get the best deal.
There are a number of places to purchase a used auto. Here's a quick rundown: CarMax offers no-haggle pricing and cars that are in good condition, but its prices are a bit higher than you'll find elsewhere. Private-party sellers have lower prices and can be negotiated with more easily, but the burden is on the buyer to get the car inspected. Major dealerships sell certified pre-owned cars that are in excellent condition and backed by factory warranties. This option will appeal to buyers who want to minimize the risks of buying used and are willing to pay extra for it. Independent used-car lots are another alternative but can vary wildly on price and the condition level of their cars.
Buying a used car is one of the smartest financial decisions you can make. You pay less for the automobile and avoid the depreciation that new-car buyers face the moment the vehicle rolls off the dealer's lot. Buying used has a number of other advantages as well. You will pay less for registration and insurance. Also, the margin for a discount may be greater when you buy a pre-owned automobile. And if you purchase the vehicle from a private party, you will likely get an even better price than you would at a dealership.
There's a big safety benefit to buying the newest car you can afford. When you buy a new car, you're ensuring you're getting a car that's up to the most recent safety standards in both crash testing and in safety technology. A new car compared to a used car from even five years ago can have big safety advantages with things like more airbags, a more rigid construction, and more advanced technology like a backup camera which is now mandatory on every new car sold in the U.S.
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