Do These Four Things to Avoid Getting Ripped Off When Shopping for a Car

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Transcript

00:00Car shopping can be exciting and intimidating.

00:04How do you get those wheels you've been wanting without getting ripped off?

00:08Did the dealer ask what monthly payment you can afford?

00:11National Association of Consumer Advocates Ira Rheingold tells HerMoney.com, quote,

00:16never answer that question, unquote.

00:18Rheingold emphasizes that you should only negotiate the total cost of the car.

00:23Get pre-approved for a loan.

00:25Some shady dealers may try to get you to sign a loan with a higher rate.

00:29Avoid this by coming in to the dealer with a pre-approved loan.

00:33Buy an extended warranty at the right time.

00:36Wait until a new car's regular warranty is about to expire before buying that extended warranty.

00:41Be willing to walk away.

00:42If the price isn't right, the dealer won't put things in writing or something just feels off.

00:47Remember, there are plenty more dealers willing to sell you a car.