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The car dealership might charge you this fee if you buy a new car that needs to be delivered from another dealership. This fee depends on the location of your new vehicle.
Following are the 14 states with the highest average dealer fees for new cars: Louisiana: $6,369. Colorado: $5,890. Arizona: $5,791. ... This is The Single Most Overlooked Tool for Becoming Debt-Free.
Here’s how to avoid the top five auto fees car dealerships trick you into paying for. ... “Always question any fee that’s not government-mandated or clearly explained.” Be Aware: 6 Used ...
Louisiana. Average Dealer Fees: $5,429. Dealer Fees for New Cars: $6,369. Dealer Fees for Used Cars: $4,489. Watch Out: 6 Cars With Bad Reviews To Avoid Higher Budget: 7 Best Luxury Cars Worth ...
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
For most consumers, the main point of buying a used car is to save money off the cost of a new one. The average transaction price for new cars was $48,510 as of April 2024, according to Kelley Blue...
Most car dealerships use a floorplan facility to finance their inventory and factor the cost of the facility into the price presented to the consumer. The practice of using floorplan loans to finance inventory creates an incentive for the dealers to sell vehicles as quickly as possible in order to reduce the amount of interest that will accrue ...
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