Two of the greatest obstacles in your way when purchasing a new vehicle are emotion and lack of consumer research. Car dealerships use these factors in their favor to get maximum dollar on new car sales.
Dealers will do everything in their power to get your emotions riding high. Everyone gets excited when it’s time to buy a new car. The new car smell, ride and drive are just a signature away from driving around in your old jalopy. Your mind starts racing and the dealer makes it sound so simple. Just sign this form and you can drive it home. But did you do yourself due diligence. For starters, have you looked at other vehicles in its class and compare pricing? Every vehicle manufacture has similar vehicles in class. Websites like Cars.com give you great tools to compare models, features and pricing. Also, did you get multiple comps? Apps like True Car are a great way to get dealers to compete for your business without the negotiation. Know what others in your area have paid for the same car. If leasing a new vehicle, check with leasing companies. In this day and age, because there are so many, competition keeps costs down so they will put drivers in new vehicles with minimal profit which adds to savings in your pocket.
Consumers should take a deep breath and think your purchase over thoroughly prior to signing the documents. The last thing you want to do is overpay for something that you later cannot afford and cannot sell. RCO Cash for Cars has more people calling on buyer’s remorse trying to get out of a loan or lease they cannot afford but cannot buy due to the vehicles residuals being worth much less than what’s owed. Remember, when you buy a car that’s financed, in essence, you are married to it during the duration of the financial agreement.
RCO Cash for Cars can assist sellers with financed and leased vehicles however it all comes down remaining time on the agreement. In a case where you have a leased vehicle, if the vehicle is clean, well maintained, no prior accidents and low mileage, your vehicles residuals may be better than your payoff. In a case like this, you may be able to surrender your car, truck or van early where we will purchase directly from the bank ending your term agreement. If a car is financed, depending on how much you put down on purchase, loan duration, overall condition and mileage, RCO Cash for Cars can buy your car. In a case where you owe less than the actual value, RCO Cash for Cars will pay off your loan balance and cut you a check for the remaining money owed. In a case where your car is worth less than your payoff, you can pay up the balance of what we offer to pay ending the terms early.
Should you need our assistance, you can always call us directly at (888) 589-1747 or fill out this short online questionnaire and one of our reps will call you back shortly!