Car Buying 101

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True

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<p>False</p> Signup and view all the answers

<p>True</p> Signup and view all the answers

<p>Sticker price = Price that appears on the window sticker of the car, also known as MSRP Dealer’s invoice price = Price the car dealership bought the car for minus any incentives Bait and switch = A scam where a dealer advertises a car at a low price to lure you in, but the car has already been sold Forced warranty = A scam where dealers try to hit you with a mandatory warranty for a high price</p> Signup and view all the answers

<p>Edmunds = Find the dealer’s invoice price for a car True Car = Find the dealer’s invoice price for a car Kelley Blue Book = Find the dealer’s invoice price for a car Manufacturer's website = Find the MSRP of a car</p> Signup and view all the answers

<p>Focusing on Monthly Payments = A tactic where dealers try to get you to focus on the monthly car payment and not the purchase price Sneaking a warranty = A scam where the dealer tries to include a warranty in the terms of your deal, inflating the monthly price Selling extras = A tactic where dealers aggressively try to sell you additional features like VIN etching, fabric protection, paint protection, under coating, and extended warranties</p> Signup and view all the answers