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What ‘Inception Fees’ Do You Need to Pay When Leasing a Car?

Leasing a car can be confusing when you’re not familiar with the terms of the deal. For example, terms like “cap cost” and “cap cost reduction” might sound like Latin to anyone who has never leased a car or even researched it. Another term is “inception fees,” which is the initial set of fees that …
Car Salesman

5 Negotiation Hacks for the Next Time You Buy a New Car

There’s really no magic to buying a new car. In fact, if you just do your research and show up to the dealership knowing what you want and approximately the price that you want to pay, you’ll likely get exactly what you’re looking for. After, the salesperson wants to sell a car just as much …
Trading in your vehicle

Why Do Dealers Make Low Offers When You Trade in Your Car?

If you’re shopping for a new car, then you’re likely thinking about trading in your current car to the dealer. We don’t blame you as it’s fast, convenient, and much easier than posting the car up for sale and finding the right buyer for it. While we do always suggest to sell it yourself if …

Do Dealers Make More of a Profit When You Lease a Car?

Leasing a car is always more attractive to a customer than financing mainly due to the appeal of having lower monthly payments. Leasing also typically means that a customer can afford much more of a car than they originally bargained for, so at the end of the day, it’s a win-win situation as they will …
a red mercedes that is a perfect example of the type of car that is better to buy in a private sale

Is it Better to Buy a Car for Sale by Owner?

When you are looking to buy a car, there are a lot of different avenues to take. Car shopping options can be overwhelming. In fact, buying a new car is out of the financial wheelhouse for many. That leaves you with either buying a certified pre-owned car from a dealership or a used car from …
a car dealer shakes hands with clients.

Do Dealers Really Use Shady Sales Tactics?

When it comes to buying a new car, it’s natural for you to think that the dealership salesperson is out to take advantage of you and will do anything to get you to buy a car. After all, they’re trying to make as much profit as possible in order to afford that fancy suit they’re …
A worker cleans new cars at a dealership lot

How Do You Know If You’re Getting a Good Lease Deal?

When shopping for a new car, it’s easy to get caught up in all of the numbers and car sales terms, especially when it comes to leasing. In reality, it’s easy to figure if you know what you’re looking at when the salesperson goes over the final sales numbers with you. And while different manufacturers …
Car Sales: A man inspects a car inside a dealership

Are National Lease Specials Too Good to Be True?

If you’re shopping for a new car, then chances are that you’ve come across some really tempting, budget-friendly lease deals on a car dealer’s website. For example, Honda’s current national lease special for the 2020 Honda Passport is for $329 per month for 36 months with $3,099 “due at lease signing.” It sounds like a …
Car Lease

Are There Tax Advantages to Leasing a Car Under Your Business?

If you currently own a business and are considering leasing a car for it, then you might be wondering if there are any tax advantages to doing so. After all, you’re able to deduct business expenses like office supplies, fuel costs, and even additional, so why not a car lease payment? It turns out that …

Why Car Dealers Don’t Care About Your Online Credit Score

Have you ever applied for a car loan, either on your own and through a dealer, and your credit score came out different than what Credit Karma, or your credit card (Capital One, Chase, etc.), told you? The truth is, the dealers don’t really care about the score that you can readily show them on …
Truck Dealership

Why Would Anyone Want to Be a Car Salesperson?

Imagine working in a store where every customer that walks in the door hates you automatically before even meeting you and your job is to sell them on the second biggest purchase they will ever make in their lifetime. If you can picture that, then you have only scratched the tip of the iceberg on …
Best time to sell your car

Can You Really Return the Car You Just Bought?

Buyer’s remorse can be tough when it comes to a large purchase you just made, but it’s an even bigger pain if that large purchase happens to be a car. After all, clothing and electronic stores let you return their products and you can even cancel a gym membership when you finally realize you’ll never …

What’s the Deal With the Dealer Buyback Offers in Mail?

If you have ever leased or financed a car from a dealership, then you might get an offer in the mail from them offering to buy back your car within the first two to three years of owning or leasing it. But why would a dealership want to buy your car back, or have you …

What Happens When a Salesperson ‘Talks to the Manager?’

If you have ever purchased a car from a dealership, then you’re likely familiar with the song and dance that the salesperson puts on when going over the final price of the car. Of course, this song and dance wouldn’t be such a charade if all of the numbers were agreeable from the beginning, however, …
Men Pushing Car

How to Voluntarily Repossess Your Vehicle

Times are tough and it’s possible that those car payments that were once affordable have now become unaffordable due to unemployment. If you currently have a car loan have and fallen behind on the payments, then there is a possibility that the lender will take back the car, which is called a “repossession.” However, if …
An image of a

How to Finance an Exotic Car

Whether you’re into cars or not, chances are that you’ve dreamt of one day owning an exotic car. After all, that yellow Ferrari that you have been staring at on your computer desktop would sure look better in your garage, but it’s too bad you can’t afford it. But what if you could? What if …
A line of cars at a used car dealership

Don’t Make These Compromises When Buying a Car

Buying a car that’s brand new or new-to-you can be exciting, stressful, and all-around a good experience. Most people don’t buy new cars often, and the average person keeps their car for a handful of years at least, if not more. Besides picking out the cars you are looking to test drive, there are a …