15K cash for a Car! Dealership or No?

Discussion in 'Off-Topic' started by SweetPoison, Jun 27, 2011.

  1. SweetPoison

    SweetPoison
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    My daughter got a loan for 15K from our credit union. Would you go to a dealership for a new car or Car Max? Not even sure anyone knows what Car Max is. Could be only here in Sacramento.:eek:

    I know I have other questions....
     
  2. Tim SPRACKLEN

    Tim SPRACKLEN
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  3. SweetPoison

    SweetPoison
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    Clearly. ****ums. Forgot about this thread, thanks Tim.


    Oh. LOVE The new avatar, babe.:D
     
  4. Tim SPRACKLEN

    Tim SPRACKLEN
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    Yes - my newly appointed Executive Avatar Manager is doing a fine job. I'm just waiting for the tab.....:(

    Tim
     
  5. SweetPoison

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    What? Your trippin. There is no tab, silly.:)
     
  6. SingingSabre

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    I'd avoid CarMax. Best thing to do, imho, is to go to your trusted mechanic (or get referrals for one if you don't have one) to inspect any used car you're interested in picking up. Many mechanic shops actually sell cars.

    That said, 15k is a pretty great chunk to have ready to go. Consider checking a dealership for a certified pre-owned. I recommend Honda or Toyota for pre-owned. With that 15k approval, you'll have some serious bargaining power.
     
  7. Mountainbikermark

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    15k will get you a new 2011 Hyundai here with about 3k left over.
    CarMax is ok if you get a good one but heaven help you if anything hours wrong during the warranty period.

    Support Our Troops!!!
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  8. SweetPoison

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    That is what my daughter wants, and already has, is a Toyota or Honda. So you don't care for CarMax either...

    I said the same thing about some bargaining power ~ her loan is from our credit union. So basically, she is paying cash to whomever...

    They like that, right?:eek:

    Wow. Good to know, Mark! Thanks!
     
  9. info

    info
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    Every time I buy a car I find it useful to just read over the latest Consumer Reports Auto Buying Guide for that year. It invariably ends up leading me to a more informed choice. Good Luck!
     
  10. SingingSabre

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    Sometimes they do. On one hand it takes a lot of hassle and guesswork out of it for both them and you, so they appreciate the streamline approach. On the other hand, some dealers get kickbacks from their in-house financing team.

    I don't honestly know the markups for cars, otherwise I'd give you my family's dual tradition of haggling down.

    If anything, just go in with a budget and a set of expectations for cars. One of the reasons I really like certified pre-owned is that many dealers will post them on their website. You can often end up finding the car you like sitting in your pajamas then going in and buying it the next day. That's how I got my car of the last 6 years.
     

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