Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

SheilaT

(23,156 posts)

3. In addition to negotiating the loan rate,

Reply to Myrina (Original post)

Sun Jan 26, 2014, 06:09 PM

Jan 2014

you should also negotiate the price of the car.

When you say Blue Book is $21,000, I'm guessing that's the dealer price. You want to go back to the blue book site and put in the specs for that car and find out what its trade-in value is. The dealer probably has no more than that invested in the car, and that's the number you should start with when negotiating the price.

Another thing, if you belong to a credit union talk with them about car loans.

Good luck.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

5 replies

= new reply since forum marked as read

Highlight:

Interest rate /car loan question [View all] Myrina Jan 2014 OP

I'd definitely get a quote from the dealer and from a credit union. Common Sense Party Jan 2014 #1

Cars make for crappy collateral. A HERETIC I AM Jan 2014 #2

In addition to negotiating the loan rate, SheilaT Jan 2014 #3

Thanks for the feedback! Myrina Jan 2014 #4

Congrats on the new wheels! lastlib Nov 2015 #5