Car buying experience
"Let the buyer beware". Recently purchased a car from a Ocala new car dealer and wanted to share my experience with the readers. I knew my trade in value before I went that I obtained on KBB.com.
The first offer on my trade was 11,000. I laughed it off. I was asked what I wanted, I asked 18,000. The came back at 13,000. I thanked them for their time and left. 9 AM the next morning I get a call from the manger offering me 15,500 or 40% more than the original offer.
I agreed to buy it but the negotiation was not over. The finance person tried to overcharge me on a financing rate. I balked, said I would use a local CU. Then he 'finds' a rate 2% lower than his first offer. I accept. Then he tries to sell me GAP insurance, the type that makes me whole of the insurance company pays me less that the loan value. Cost: $1,000, I say no, then he discounts it $300. No again. When I added the car to my insurance policy I asked if they had GAP and did buy to for $19. He didn't try to sell me extended warranties because the /like new' car was still under a factory warranty but I know he would have if it was out of warranty. I also noticed in their new car showroom they had a secondary window sticker of $2000 more than the factory one. Those are rip-offs too. The name of the dealer is not important and there are many that work this way. Buyer beware.
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