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#Dealerships #Auto #PersonalFinance Buying a Car, Truck, or SUV? Learn how to buy a new car at a Dealer without paying excessive Fees. Car Dealerships LOVE FEES! Which ones should you pay? It doesn't matter if you plan to pay with cash, have no credit or bad credit, use your own bank or credit union, or use dealer financing. Who wants to pay a bunch of extra fees? Kevin Hunter, author of "13 Car Buying Mistakes" "VTR VIN Window Etching" "Is Dealer GAP INSURANCE a Rip-off?" "What is a Dealer DOC FEE? How much should you pay?" and many others, publishes another great video to help car buyers. If you ever wondered how to buy a new or used car from a car dealer, you are in the right place.
CATEGORIES: car, truck, suv, auto, used cars, autos, mechanic, automobile, vehicle, dealer, automotive news, auto shop, warranty.
A Destination Charge is the fee which covers the cost to deliver the vehicle from the factory to the dealership and is shown on the vehicle's window sticker or what you might think of as the MSRP Sticker. If you've seen the trucks carrying cars on the highways or freight trains stacked with new vehicles, you are basically witnessing the service your destination fees pay. It's set by the automaker and is typically the same for all models within a particular brand.
How much you will pay for a Destination charge varies greatly from one manufacturer to another. The destination fee is usually in the neighborhood of $400 — $800 per vehicle and no amount of negotiating will make it go away.
Sorry, you’ll have to pay this charge if you want the car, and it is a straight pass-along cost.
However, this is not to say that all charges which appear on the window of the car, truck, or suv you are looking at are legitimate destination fees. Fees are one of the favorite ways dealers have to add hidden charges, so look out for additional stickers (next to the official window sticker) that say things like "pre-delivery inspection," "delivery," "destination," or "dealer prep" charges. You should refuse to pay any of them.
They are all made up fees, and placed strategically on the window of the vehicle to fool the buyer into thinking they are the same as manufacturer destination charges. It’s quite easy to tell the difference. Not only does a manufacturers destination charge show up on the official window sticker, they are also listed on the dealer invoice directly from the factory. The manufacturer nevers sends additional pieces of paper with charges, and they don’t apply additional stickers to the windows for more charges.
Many buyers view the manufacturers destination fee as a reasonable charge, and so should you. After all, the fee which ranges between $400-$800 to get to a dealer would cost you a few thousand dollars if you had a car shipped directly to you from the manufacturer.
Make sure you check out the videos we have on other Dealer Fees, and remember to Subscribe to the channel for updates.
I’m Kevin Hunter. Thanks for watching!
How to buy a car from a dealer with cash, with no credit, with bad credit, with your own bank financing, or with dealer financing. You need to know how to buy a car from a dealership. In this series, you'll get the best car buying tips anywhere. Beating the finance man at the dealership is a big part of it. From the Author of "13 Car Buying Mistakes" and "Car Scam of the Decade," Kevin Hunter presents these tips on dealer destination charges.
The F&I Manager, finance man, loan officer, business manager, or whatever the car dealer wants to call him or her... just remember they make more money than any other person in the dealership for a very good reason. They use banks like Santander, Capital One, Chase, Wells Fargo, Space Coast Credit Union, Regional Acceptance Corporation, Ally... just to name a few... this is the Shark Tank.
Kevin Hunter covers everything from extended warranties, GAP insurance, theft protection... otherwise known as window etching, paint sealers, carpet and fabric protection. All the details on HOW TO BUY A CAR, TRUCK, or SUV.
If you watched the video "Confessions of a car dealers backroom" you understand why you need to see this video. By understanding what mistakes to avoid, you'll not only become a smarter car buyer, but you'll also better understand what not to tell a car dealer when buying a car. It's true that you can play all your cards up front with an honest dealer, but unfortunately, they represent the minority of dealer owners (truly transparent and honest dealers make up about 40% of all dealers), and you are unlikely to know the difference until it's far too late. Be smart, do your homework, and you'll come home with a car deal that's good for you and the dealer. #auto #market