Car loans This is where you can get burned

When people ask me what the best strategy to use when buying a car. My answer is simply, knowledge is your best weapon against getting ripped-off by the dealer. It is important to know several key points. First there are plenty of sites on the internet where you can get an approximate value of your current car as a trade-in.

Second, car dealers make money in several ways, extended warranties, add-ons such as rust proofing, clear coat, sun roofs, you get the idea. You can do so pretty simple things to avoid getting ripped-off, consumer reports offer excellent tips when buying a car, and they can also give you good ratings based on model and year of car if you are buying a used vehicle.

We will cover other areas at a later time. But if you do your homework you can literally save $100's of dollars.