Where can I buy a car without credit? Buying a car is one of the biggest expenses we make in our lives, so the decision to acquire it is not only limited to the model or color, but to the way in which we will obtain it. The most common is applying for a vehicle loan, but others prefer to save and buy their car without credit, or in simpler, cash language.
Where to buy a car without credit
Basically, new cars are bought at dealerships, so where to buy a car without credit is as important as how to buy a car without credit. Logically, the dealership of your choice will be the one where you sell the model you want, and if you are going to buy a cash car you must take into account certain points:
Find out before going to the dealership
It is essential that, if you go to a dealership to buy a car without credit, you have in advance the necessary information to avoid being cheated or scammed by the sellers who, although not all of them, will look for ways to take advantage or benefit from your Lack of information to offer you services that you may not need.
For example, suppose you arrive at the dealership in order to buy a cash car and have money for a small car. If you do not arrive defined in what it is that you want and you have not investigated the characteristics of the model that you can buy, you can easily be “routed” by a seller so that you buy a more expensive model that forces you to take the credit.
The second place where you can buy a car without credit would be car shows. But be careful, in these fairs sellers are even more relentless when it comes to taking money, even if you already have your eye on the model you want to buy.
For example, a seller will be interested in buying the car with the financial one to which he is affiliated to obtain the commission, so even if you go with the intention of paying cash, the seller will try to paint you “offers” so that take out with certain credit. One of the most common strategies is the return of a portion of the cost of the car, when in reality this “offer” is already more than added to the interest of the loan.
This does not mean that buying a car on credit is a safe guillotine because in fact it is one of the most accessible ways to buy a car. But if you have the possibility to buy without credit do not be fooled, you have control.
It demands benefits
As we mentioned before, buying a cash car gives you the freedom to pay without having any payment obligation towards a bank. Delivering such amount of money is something that gives you an advantage if you know how to take advantage of it. And it is that whoever has the money chooses and can demand what sellers do not tell you is your right.
In addition, you should investigate beforehand what benefits you have to buy a new car in cash and what things are free since they can end up charging you even for what by Law is free if you do not inform yourself.
You can request free maintenance in a brand workshop for a time or amount of mileage, accessories and frames such as tinted glass, among other details. Find out what you can ask for and ask for it.
A car of the same model but the previous year is worth less
The cars are devalued, so if you go to a dealership and want a 2018 Nissan model, for example, you can be smarter and ask if they have that same model but of the year 2017. It will be cheaper and is practically the same car, A great advantage if you want to buy a cash car.
Disadvantages of buying a car without credit
It is true that applying for a loan to buy a car will result in a debt of a few years and the payment of a lot of money in interest, so many are betting on buying their cash car. But what are the disadvantages of buying a car without credit?
It is natural that after so much saving as soon as you have the money to buy your car you do it immediately. But doing this leaves you without funds for any emergency that may arise.
Cars, unlike real estate that gain value over time, depreciate over time so paying it in cash means making a large investment that will not leave you a profit if you decide to sell it in the future.
Complementing the previous point, the best way to use large savings is in something that generates profit and is profitable, so investing it in a good that gains value is wiser than buying a cash car.
Buying a car without credit offers you the benefit of not paying banks interest, in some cases very high, for the purchase of your vehicle. On the other hand, it is important that you consider the pros and cons according to your circumstances in order to make the best choice.