First Time Buyer - Don'T Want To Be Ripped Off!

[funcat]

• • Rent a decent car to drive around to the dealerships (they will look at what you arrived in, and make judgements based on that). The higher the value of the car you arrive in , the stronger your negotiating power/influence will be. Always rent something better than what you're shopping for! (e.g. in this case a Camry or a Fortuner)

Absolutely not your not there to impress a car salesman. They need to impress you!

Are you sure about this?

Are you not supposed to show them all kinds of signs that you are wealthy enough to handle the monthly payments without any problems

Including clothes, jewelry, and documents.

Not really,when they told me they needed to consider my finance application and that it would take some time,I just aked them if they thought I needed their <deleted>*ng finance money as I could buy the dealership from my pocket money.

They answered that the finance was approved.

...really ?? :lol:

[Hooters]

what it will show is you can pay an inflated loan at a high interest rate without any problems.

look your loan is not approved by the dealership. They do the paperwork and then send it to bank of Bangkok or who ever. a Rolex on each wrist wont help you if your a dud .

You have a point there.

However when I bought my car both a bank representatitve and the salesman

was there negotiating with me.

No they weren't. The salesman and the Finance and Insurance guy (both employed by dealership) were with you. In fact technically he is a bank rep because he will fax your application to a bank he doesnt work for a bank though..