Car Buying Tips - Only Three Things Worth Buying in Finance

In a perfect world, a finance manager, businessto pay $7,000 while the driver still owes $11,000, gap
manager, or whatever title is given to the person in theinsurance is designed to cover it. Without gap, the
back that prepares paperwork will be just that: theinsurance company will be forced to leave the
person that prepares paperwork.remaining $4,000 to be paid out of the customer's
In the real world, the finance manager is probably onepocket.
of the best and most persistent salespersons theUsually ranging from $300-$700, it is a good
consumer will ever meet.investment for consumers who (1) finance vehicles
They aren't necessarily bad people. Most arewithout securing equity by putting a lot of money or
exceedingly friendly and professional, dressed totrade equity down on the car, (2) drive more than 10k
impress and possessing an easy way that puts peoplemiles per year, and/or (3) purchase new vehicles,
at ease. To a car dealership, the finance manager isespecially high dollar ones.
the last and best chance the dealer has to makeEXTENDED WARRANTIES
money on a vehicle sale.Not all warranties are created equal. A consumer who
There are dozens of methods that the financeplans on keeping a vehicle beyond the factory
manager can make money from you. The good part iswarranty should strongly consider an extended one.
that not all of the ways are bad and not all of theResearch beforehand into some extended warranties
products that they will offer are rip offs. In most cases,available online for the vehicle you are considering.
though, some of the offerings are just not worth theKnow the cost, deductible, what is and isn't covered,
money the consumer will pay.and whether a prorated balance is refundable if the
Instead of going over the details of the differentvehicle is traded, sold, or totaled.
products and suites that aren't really worth it, here is aArmed with this knowledge, it should be easier to get a
short list of items that a consumer should reallygood deal on a good warranty, whether it's the one
question and investigate before purchasing:that the finance manager offers or a separate one.
Undercoating, paint sealant, oil change plans, VINCREDIT LIFE AND DISABILITY
etching, scotch guard, preowned vehicle leasing,Most life insurance policies are designed to help with
personal vehicle insurance, and tires for life.cost of living. Debt should not be paid through standard
There are others that are somewhat legitimate like theinsurance.
ones listed above, and there are some that areIn case of tragedy, having a credit life and disability plan
downright scams, but we're here to focus on thewill help to pay off the balance of a vehicle loan. There
potentially good ones.are few things worse after dealing with a tragedy than
Dealerships such as Oklahoma City Ford Dealers andto find that the loved one also left major bills and debts
other honest dealers around the country offer a basic,behind.
short list of products that consumers should consider:Final Thoughts
GAP INSURANCENot all "bad" items are that bad. Some may fit into a
Some call it a scam, but most who have totaled aconsumer's needs. Not all "good" finance items are
vehicle with a lien on it can attest to the wonders ofgood, either. The key is to do the research before
Gap Insurance. In essence, it covers the "gap"getting caught off guard by a finance manager ready
between what a vehicle is worth and how much isto spray a $20 can of Scotch Guard in your new or
owed when a car is totaled. For example, if someoneused car for an additional $179.
totals their vehicle and the insurance company agreesI hope it helps.