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Old 01-19-2013, 01:13 AM   #1
mix1983
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Join Date: Dec 2008
Fan#: 61101
Location: Anderson, SC
What I Drive: 2000 Honda Civic EX 5spd

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Financing a car, questions

I have some questions about financing a car. I've never financed a car, always bought them by paying all at once. Also never bought from a dealer.

I've been approved for a loan up to a certain amount. I was told this is the best way to go, because it gives you a little advantage at the dealer vs. going through their bank. It supposedly lets me talk the price down easier because I basically have a blank check in my hand. Is this true?

Another thing is title, taxes, fees, etc. Is this paid up front on the spot, or does it get added into your payments for the car?

Also, how much do dealers usually budge on a used car? For instance, I'm looking at (among other cars) a '07 Mazda MX5 with 91k miles. It's listed as $12,944. What if I said give it to me for 12 out the door (meaning including taxes, fees, etc).


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