hello ladies and gents. while the car dealerships won't like this, i do want to share what i know about car sales and car dealer operations. i really do hate to see honest and hard working people paying too much and getting hosed by the dealerships. i am a former car guy, moved onto better avenues.\r
1)it is the dealership's goal to get as much money down as possible, under the guise that it is required to approve a loan. in fact, it takes $0 down to get a loan. money down is pure profit!\r
was i a fool when i handed over another $1,000 ck for my down payment.\r
2)don't let them bump up the interest rate on you!\r
3)the average profit on a used car is $5k, and as much as $10k or $15k. i.e. why not haggle down $4k. they'll still make a profit.\r
4)more info, guys, when i have more time.
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