Hi guys,
I just started buying a new car with finance, and I am a total beginner, here are some basic questions:
1. when starting negotiating the price, the dealer will ask me SSN to check the credit, should I give it? because I know that this will affect my credit score negatively. However, they said that they need the accurate information to give me the rate offer. What is the usual way to do in this situation?
2. I saw a lot people posting their final OTD price, without mentioning the finance. I am just wondering if someone said I got the car with OTD $17000, in general cases, is this the total cost after financing? or you will pay this 17000 monthly with a certain APR, which means that the final price will be higher than 17000.
Thanks a lot.
Yu
I just started buying a new car with finance, and I am a total beginner, here are some basic questions:
1. when starting negotiating the price, the dealer will ask me SSN to check the credit, should I give it? because I know that this will affect my credit score negatively. However, they said that they need the accurate information to give me the rate offer. What is the usual way to do in this situation?
2. I saw a lot people posting their final OTD price, without mentioning the finance. I am just wondering if someone said I got the car with OTD $17000, in general cases, is this the total cost after financing? or you will pay this 17000 monthly with a certain APR, which means that the final price will be higher than 17000.
Thanks a lot.
Yu