Buying a new, or even a used car, can be a very stressful process. It’s exciting to know that there’s an excellent chance you can be driving off the lot with the vehicle of your dreams, but it can still be stressful. At Clayton Motors Inc. in Knoxville, TN, we offer a great selection of Volvo vehicles as well as other makes and models. You may have gotten many tips on what to do and not do to get yourself the best deal. But, which of these tips are myths, and which ones are true? Let us help to shed some light on this!

  • Paying cash will get you the best deal: This varies from one dealer to another. Some dealers may offer a discount if you’re paying with cash. However, others may prefer to deal with banks and financing.
  • You’ll get a better deal on leases if you don’t mention you are going to lease until you get the sticker price: This is a myth. Although dealers are usually willing to offer you a good deal, they have a bottom dollar figure in the mind of how low they will go. This typically will not change whether you’re leasing or buying.
  • You’ll get better financing through a bank: This is not necessarily true because dealers can offer you the same kind of deals as banks. Additionally, dealers often collaborate with banks and lending institutions.
  • You’ll get a better deal if you don’t mention you have a trade-in until after you have a total price: Waiting to mention your trade-in will do is slow down the process because the dealer than has to start crunching numbers all over again.
  • Internet quotes can get you better deals: This can be very true because many dealers are willing to match a competitor’s price.
  • Red cars are more expensive to insure: While this may have been believed decades ago, it is not true. The insurance company will ask you several questions about your car, but its color is not one of those questions.

If you are ready to shop for your next big purchase, come over to Clayton Motors Inc. and check out both our new Volvo models and our vast selection of pre-owned models and put your newfound knowledge to work!

Categories: New Inventory, Finance