Looking at buying a new car. Intimidated by the complexity of the process and the number of ways in which one can pay thousands of dollars. Picking the car isn’t hard. redmed will simply do her usual brilliant thing and pick the best one. It’s the money side of the process that’s worrying me.
Looked at Howstuffworks on financing and howstuffworks on buying a car, as well as consumer reports, plus checked out the Kelly Blue Book for competitive pricing, and my bank for interest rates (6.5%ish, right now). Then I read nearly the entirety of carbuyingtips.com.
So far what I’ve got is:
- Shop for financing independent of shopping for the car. It’s possible that the dealership will have a good loan product, but it’s doubtful.
- Know the terminology (invoice vs. MSRP and so on)
- Know your credit score. There are a freakin’ lot of imposter sites out there. However, this is totally simple, you see the report instantly, and you can print it out. You don’t get the *score* per se…but you get all the information that goes into it.
- Get all paranoid and quit. No no no…but this is creeping me out.
I think that my plan (subject, of course to the other half of the plan’s approval) is to shop for all the various parts of this equation separately. Get financing, buy the new car, sell the old car. They’re distinct questions, and I can treat them as such.
Oh yeah, and: MY FREAKING ADDRESS IS WRONG ON MY CREDIT REPORT!!!! VALHALLA, I AM COMING!!!!!!!

