Car buying? Be preparedPosted: Updated:
PHOENIX -- Buying a car or truck can be a tricky process. Regardless of the amount of research, many times consumers are left wondering if they got the best deal they could have.
Credit.com has published a few tips that car dealers won't tell you that may save you some cash.
Dealer holdback this is when dealers make money through the purchase by getting 2 to 3 percent of what you pay.
If you're buying a used car, you should always ask for a CARfax. You could be wasting your money buying a car that was badly damaged. If you find out it is damaged the value should be a lot less.
And when it comes to monthly payments, don't get tricked. The longer your car loan, the lower your monthly payment, so be aware of how long your loan is and try not to finance a vehicle longer than five years.
You can find more car buying tips by visiting blog.credit.com/2013/04/five-things-car-dealers-wont-tell-you/