Between hopping on the light rail for $1.25 a ride, spending $10+ on an Uber or renting a car, getting around in Houston can be hectic without your car. But there are so many considerations to make when you shop for a car, and there are finances to consider. How comfortable will you be paying for a car each month without falling behind on payments and risking a repo? Here, you'll learn useful tips for getting the best deals possible with a car dealership and the financial options you have.
In the eyes of a dealer, selling cars is not as easy as setting up a lemon stand and counting the profits at the end of the day. There's so much more to think about - financing, warranties, insurance packages and products, the possible profits brought in by a trade-in, and the individual car's profit.
For instance, dealers typically make more from financing than the profits they get from selling cars. Additionally, if you're trading in a used car that the dealer knows will rake in lots of profits in the used market; they may significantly reduce the price of a new vehicle to benefit from your trade-in. Here are tips on how to prepare to shop for a car.