In AART.org magizine
Dealers Disguise Profits
the Center for Responsible Lending says car buyers pay an extra $20 billion a year because dealers routinely mark up the interest rate of loans they boker. And dealers pad profits with such contract concoctions as preparation fees for cleaning your vehicle ( which automakers often pay), advertising charges (if these show up at closing, balk), and even life insurance to pay off your loan should you die. As always: Buyer beware.
Each 1-mpg boost in fuel efficiency can save you $1000.00 over ten years? That means $100.00 per year for ten years. Yet your paying how much more for that new vehicle?
Trade-ins cost you up to 25% of full value. Sell the car yourself that use that to make a good down payment.Suggested 20% down payment and a four year loan.
Consider buying used: The newer car, the pricier your insurance. In other words you might save putting it in the gas tank but you get to pay the insurance man.....
YOU won’t find directions to the Field Lab, a homestead two and a half miles off Highway 118, deep in the West Texas desert and 30 miles or so from the Mexican border, on MapQuest.
