Man Says When Buying A Car From A Dealer Never Answer This Question 🚗💯

"How much do you want your payment to be?" is the most expensive question in America. You say $400/month. They say deal. But they just stretched your loan to 84 months at 9% interest. You paid $33,600 for a $22,000 car and felt good about it. They didn't give you what you wanted. They repackaged what they wanted into a number you'd accept. Always ask: what's the total price, what's the rate, how many months. That's it.

I sold cars for 10 years. if the sales man ask you how a month you want to pay you tell him…cause if your looking to have a $250payment and the car is 30k… you better have a lot of money to put down. And your credit score better be good. Both sides don’t want their time wasted

Regular people don’t have the credit score or a way to get a 3% interest rate on a loan for a car.

My brother, what I want you to know is that you can’t take 3% into 10k and determine you pay $300 a year in interest 😂😂😂 10k loan over 6 years is only about $940 in interest not $1,800. If you can’t do the math mentally, I’d suggest putting it into a loan amortization calculator.

Only take a dealership rate if they have a special rate. Otherwise get pre approved from a credit union before entering the dealership. Even if you have bad credit, a non special rate from a dealership is always worse than what your credit union will give you.

You should already know your interest rate before you go to the dealership.

You have to go to the dealership with a plan. Figure out what kind of car you want, find out the bluebook value, find 3-5 dealerships that are selling that car, get the carfax on each one, narrow down 3, dont pay no more than 20% above the bluebook and negotiate.

There is some truth to what's being said, but the example is simply numerically wrong. Sometimes, it's beneficial to stretch your payment out to qualify for other things. Make sure you don't have a prepayment penalty.

I sell car he wrong cause if you buying a used car rates are higher and 10k car you ain’t gone get you no 3% rate even with great credit now new cars are different. But you still have to qualify. You can’t say I want 18k car and 350 payment wit 600 credit it don’t work

@grok is his math correct?

Pay cash for your cars. It’s a depreciating asset

Man to hell with buying a car, starve their asses out, I bettttttt you they change their policies.

He right because if you ask for payments around 400 no more than 450. Your payments gonna be 500 to 550 like you didn’t just say what your budget was.

You are not getting 3% on a used car lol

Math ain't matching here..... no one is getting a used 10k car at 3% and your interest payment will not be the same all the time....

No that’s too many questions buddy…..1 question…Can I have the bill of sale and leave! Go to your credit union and have them cut you a check and go get your car! If you don’t have a credit union start there

You should never go to a dealership asking for financing anyways. This is the fastest way to have MULTIPLE inquiries after they run your credit application thru every partner bank they associate with. Oh yeah, then now they ALL have your information.

I never asked questions I didn't want answers to. I didn't want a customer dreaming about a payment they were not gonna get. "What are they paying now." Gives you as a salesperson everything you need to structure your process.

Just call the bank or lender the dealership uses. Ask the bank directly how much the car will be with interest rates and know what type of interest. The bank will get straight to the numbers no fluff &no 30-40+ credit inquiries ran by the dealership lender finder. Simple as that

🤣 you can’t just go in there any start demanding what you going to pay lol 🤣!!that’s why they run your finances to see if you qualify based off your credit and down payment but this is a way for you to join his social so he can gain you as a viewer !

Yea bruh cooking you know them dealerships be hitting folks over the head adding extra prices on to the market value them suckers

Real Niggas just pay Cash

I mean, he's on to something, it's just his math is wrong.

@grok create a talking blueprint implementing this strategy successfully in you benefit.

This is why I avoid dealers and just buy from private

Man get your financing from a credit union or your bank. Interest rate have always been lower than whatever a dealer gave me

Who is the original creator of this video?

I’ll do you one better. Don’t purchase a car from a dealership. Go buy you a nice pre owned car. Preferably from a private owner. Take a mechanic and do the due diligence dealerships just as bad as creditors

But it all depends on what interest rate you get based upon your credit. It's best not to use the dealers credit. Shop around for the best credit rate and get the best loan you can afford. Then go to the dealer with the check in hand. On your terms.

He's right. There are Car Interest Rate apps that you can download on your phone. I financed a motorcycle and they tried to screw me on the APR and I knew because of the APR app. I told the salesman to go fix it or I'm walking out and he magically gave me the right APR.

I say free when they ask.

And what car you gone find for 10k?!? I’m sure you ain’t gone like tha options at 10k

💯💯💯💯💯💯 them car sales people be tryna get over on mfs! You gotta know this stuff

Less than 10 percent of black 12th graders are at the proficiency for their grade level. Yeah raphouse, your target demorgraphic is going to bust out their calculators at the dealership.

My interest rate was 27%