Getting a loan from a bad credit car dealer in Calgary can be tricky. Providing a dealer with ignorant and incorrect information is never a good idea. If you’re buying a car from a new bad credit car dealer, you need to be careful not to say the wrong things while negotiating. Doing so may cause them to take advantage of you, retract their offer, or leave altogether. Here is a list of things that can make buying a car with bad credit difficult.
I Don’t Know What Model Fits My Lifestyle
Never make this statement when you visit a bad credit car dealership in Calgary. It is like telling the dealer you’ll take whatever they throw at you. Even if you have various models in mind, do not show the dealer your indecisiveness. Otherwise, they will suggest a car you probably don’t need and see if you can take the bait.
The best thing you can do is to research vehicles in advance and narrow down your choices. Gather as much information as possible, including the market values for different car makes and models. Even after finding your best match in the yard, do a test drive to avoid trouble after signing the contract.
If You Can Give Me the Lowest Price, That Would Be Great
Most bad credit car dealers take this statement very lightly. Chances are, they will play around with numbers and offer you a price that is not the best deal. Their salespeople will do everything possible to convince you it’s the best price, and you will be coerced to settle for their final number.
To avoid being pressured into settling for a certain offer, give the dealer a lowball price. Some dealers may take time to state their counteroffer, but this should not intimidate you. Don’t hesitate to negotiate further, even if they bring some drama.
I Want to Pick a Car and Drive It Home Today
Telling a bad credit car dealer you’re ready to buy now is admitting your weakness. They will immediately show you the price on the window sticker, which is probably not the original MSRP. Remember that a bad credit car dealership is not a traditional chain store. The dealer makes customers think the sticker price is the official manufacturer’s suggested retail price, but this may not be true.
Typically, the MSRP is should be a starting point for negotiations. If you haven’t done your homework, you’ll be eager to take the offer, and the dealer will make a huge profit as they hardly reveal the true invoice price (what the dealer pays the automaker).
Get Ready to Buy a Car No Matter Your Credit Score
At this point, you’ve probably identified several dealers who can help you get a good car. More experienced bad credit car finance dealershipstend to have the best customer service. They understand how the industry works and will assist you in making a car-buying decision that is right for you, even if you have bad or no credit. Thankfully, now you know what not to say to a car dealer. While approaching one, be careful not to make the above mistakes.