2000 Chevy Monte Carlo financing???
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you can always bargain and deal for the car; remember it is your money.
2000 Chevy Monte Carlo financing???Okay---I work at a dealership so I feel well qualified to answer this question.
Your credit will not determine what the asking price will be. There may be room to move on the price. Two things you need to know however is what the dealership has invested in the vehicle. They may of had to offer the customer that traded it in...$9500 to put the car deal together. This is one reason why consumers shouldn't use KBB as a guide. It doesn't matter what KBB say's a vehicle is worth or what it should sell for. KBB won't write you a check for your car...and they don't sell cars either.
Another thing to consider...if you're credit is as poor as you say it is, there will most likely be an acquisition fee from the bank they obtain financing through. Say they finance through Bank of America...BOA may charge the dealership $1295 for them to approve the loan. This happens all the time on car deals that have sub-prime credit customers. Fees vary. Now it's illegal for a dealership to charge you the fee on top of the cost of the car, however...if they are asking $9995 for the car and they own it for $8500...and they know they have a $1295 bank fee to pay...they may not budge on the price...becuase the bank fee may eat up the entire profit margin. That is not illegal.
Chances are...with about 40% of the vehicle as a down payment, most dealers should have at least 1-2 sub prime lenders that will finance that car despite your credit. If your bankruptcy has been discharged, make sure you communicate that to the dealership.
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