Auto Loans

QWhat Is Considered A Fair Deal When Purchasing A New Or Used Auto?
AThe standard industry calculation for determining a fair price on new auto finance is: Invoice price + upgrade options + destination charges - manufacturer rebates/incentives X 5% dealer profit. When financing a preowned auto, shop the vehicle without making an immediate commitment to the auto dealer. Research the retail/trade value (call your local bank or use an online source for valuing a vehicle), and then go to the dealer and offer somewhere between the current retail and trade value.