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 buy it is not only limited to the model or color, but to the way in which we are going to 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 language, in cash.
Where to buy a car without credit
Basically, new cars are bought at dealerships so where to buy a car without credit is just as important as how to buy a car without credit. Logically, the dealership of your choice will be the one where they sell the model you want, and if you are going to buy a Cash for cars 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 the necessary information beforehand so as not to be deceived or scammed by the sellers who, although not all of them, will seek a way to take advantage or take advantage of your lack of information to offer you services that you may not need.
For example, suppose you go to the dealership to buy a car for cash and you have money for a small car. If you are not defined in what you want and you have not investigated the characteristics of the model that you can buy, you can easily be “directed” by a seller to buy a more expensive model that forces you to take credit.
The second place where you can buy a car without credit would be auto shows. But be careful, at these shows the sellers are even more relentless when it comes to getting money for you, even if you already have your eye on the model you want to buy.
For example, a seller will be interested in you buying the car with the finance company to which he is affiliated to obtain the commission, so even if you go with the intention of paying in cash, the seller will try to paint you “offers” for it. serves with certain credit. One of the most common strategies is to repay a part of the cost of the car, when in reality this “offer” is already more than added to the interest on the loan.
This is not to say that buying a car on credit is a safe guillotine because in fact it is one of the most affordable ways to buy a car. But if you have the possibility of buying without credit, do not be fooled, you are in control.
As we mentioned before, buying a car for cash gives you the freedom to pay without being left with any payment obligation to a bank. Delivering such an amount of money is something that gives you an advantage point if you know how to take advantage of it. And it is that who has the money chooses and can demand what the sellers do not tell you is your right.
In addition, you should investigate in advance what benefits you have for buying a new car in cash and what things are free since they can end up charging you for what by law is free if you do not inform yourself.
You can ask for free maintenance in a brand workshop for a time or amount of mileage, accessories and frames such as tinted windows, among other details. Research what you can ask for and ask for it.
A car of the same model but from the previous year is worth less
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 from the year 2017. It will be cheaper and it is practically the same car, a great advantage if you want to buy a car for cash.
Disadvantages of buying a car without credit
It is true that applying for a loan to buy a car will bring with it a debt of a few years and the payment of a lot of money in interest, so many bet on buying their car for cash. 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 for it in cash implies 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 the large savings is in something that generates a profit and is profitable, so investing it in an asset that gains value is wiser than buying a car for cash.
Buying a car without credit offers you the benefit of not paying the banks interest, in some cases very high, for the purchase of your vehicle. On the other hand, it is important that you take into account the pros and cons according to your circumstances in order to make the best choice.