The truth behind zero percent financing | Auto-buying Hints | Buy or Lease?


Auto Buying Hints

Did You Know?
The best time to buy a car is at the end of the month when sales quotas must be met or on rainy days or holidays when sales slow down.

If you sell your vehicle yourself instead of trading the vehicle in to a dealer, you usually will make more of a profit on your sale. Your credit union can help you value your new or used vehicle (www.kellybluebook.com).

Negotiate up from the dealer invoice of the car (invoice is generally 90% of the MSRP, Manufacturer’s Suggested Retail Price), rather than down from the sticker price (MSRP). Discussing a reasonable profit puts you in a better position than negotiating an acceptable discount. Your credit union has several car buying services, Autoland for new cars or Enterprise Car Sales for used cars, are available if negotiating is not your style.

Extended Service Contracts are usually WAY over priced – pure profit for the dealer. AMFCU offers Mechanical Breakdown Insurance – generally half the cost with the same benefits. Check it out! You can negotiate the price of accessories like alarms and protection packages. Aren’t you glad your credit union is here to help protect you?