You bought a new car, but were you told about the rebates and financing offers that were available?
A survey by Consumer Reports shows that only 60 percent of car shoppers were offered available cash rebates and only 40 percent received information about special low financing rates that were available to car buyers.
According to the report, consumers are probably spending hundreds or even thousands of dollars more than necessary because they aren’t informed of all the money saving options available to them. To fight back, make sure to do your homework. Read the paper, check online for info on rebates and financing offers, and don’t assume the sticker price is the purchase price.
In addition, Consumer Reports recommends that you arrange financing in advance. That way you can check out interest rates at various financial institutions and get the best deal. You can always compare it to the financing that’s offered to you at the dealership.