vB Easy Archive - Want to know the best way to buy car from used dealer

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Want to know the best way to buy car from used dealer
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Posted by: asianada

K, if I got a bank loan am I able to take out the amount of the car in cash and bring to dealer and haggle with them? like do the banks let you take out $11,000???? That's a little crazy I thought but I also want some haggling power. And how much can you haggle off of the price like where do you start? I don't know how to haggle at all and I should be good at it my family is filled with it but none of them have time to go with me. So what should I do?

Posted by: Heavy Fluid

Here is what I did. I went to my credit union, got approved for a loan for x amount of dollars. I got a signed paper from the credit union stating that I was approved for x amount. I took the letter with me to the dealership. DO NOT SHOW them the letter. Not yet at least. Find the car you want, and when it comes time to haggling, then you are at an advantage. Get it close to the price you want, if they are not willing to go that low, then show them the letter. They will be more willing to work with you if you have approval for an 11k loan, and they won't go under 11.5. If they won't, threaten to walk out. They don't want you to leave, trust me. Tell them you have 11k, and you want a car, and if they won't sell you one, you will find a dealer that will.

That should help you. It helped me land my new car. They were dinking around with the price the first time. I walked back into the dealership, that approval letter in hand, and it was a whole different ballgame.