10 Well-Kept Secrets of the automotive world
March 17th, 2006 by admin
10 secrets that could help you
Cars.com has devised 10 "secrets" that the mainstream consumer is oblivious of. These secrets can help you get the best deal, save gas, and be informed when purchasing or maintaining your automobile. Here are three:
1. The Best Finance Rates
Dealers aren’t required to give you the best finance rate. Many consumers finance their vehicles through the dealership. Sometimes this involves the best deal, especially when subsidized by the automaker. However, if a dealer claims to have found you the "lowest rate," it’s possible that rate includes a point or two of profit for the dealer. (There’s no federal law forbidding this.) To be sure and get the best rate, look into it on your own before entering the dealership.
2. Dealers Don’t Own the Cars They Sell
Dealers don’t own the cars they sell, and neither do the manufacturers. Instead, the bank — sometimes in the form of the captive finance company — owns them.
3. Cordless Hybrids
Hybrids don’t need to be plugged in. Understandably, many people think hybrids run on electric power until their batteries die, and then they switch to a gasoline engine. While some plug-in hybrids existed as long as a century ago, all the current versions use gas engines that both propel the car and replenish the battery, which also is charged through braking. There’s some plug-in research going on, but don’t hold your breath. Automakers determined that American buyers are, well, turned off by the prospect of plugging a car into household current, so most hybrid advertising emphasizes that the model "never needs to be plugged in."
Dealers aren’t required to give you the best finance rate. Many consumers finance their vehicles through the dealership. Sometimes this involves the best deal, especially when subsidized by the automaker. However, if a dealer claims to have found you the "lowest rate," it’s possible that rate includes a point or two of profit for the dealer. (There’s no federal law forbidding this.) To be sure and get the best rate, look into it on your own before entering the dealership.
2. Dealers Don’t Own the Cars They Sell
Dealers don’t own the cars they sell, and neither do the manufacturers. Instead, the bank — sometimes in the form of the captive finance company — owns them.
3. Cordless Hybrids
Hybrids don’t need to be plugged in. Understandably, many people think hybrids run on electric power until their batteries die, and then they switch to a gasoline engine. While some plug-in hybrids existed as long as a century ago, all the current versions use gas engines that both propel the car and replenish the battery, which also is charged through braking. There’s some plug-in research going on, but don’t hold your breath. Automakers determined that American buyers are, well, turned off by the prospect of plugging a car into household current, so most hybrid advertising emphasizes that the model "never needs to be plugged in."
These 3 tips will save you a lot of headaches and money when it comes to automobiles. I sure wish I would’ve known some of these secrets when I was buying my first car.
See Also
- Auto Warranty Quotes
For new and used cars - Do Hybrids Save You Money ?
The high price of hybrids
Posted on Friday, March 17th, 2006 at 12:09 am
In Auto Warranty