For most people today, owning a vehicle is a necessity. Since people are willing to pay more to get from point A to point B faster, cars have become more of a necessity and less of a luxury. In the modern era, vehicles are essential for mobility. If you are preparing to purchase a new or used vehicle, it is important that you learn about the most common myths surrounding Philadelphia car dealerships.
Irrational Markups
Many people think that Philadelphia car dealerships are just out to rip you off with ridiculously high markups. However, this is not the case. The fact is that if the prices are too high, customers will be scared off and the dealer will fail to make sales.
Worst Price First
Instead of the worst price, Philadelphia car dealerships actually offer a standard price. For inventory that has been on the lot longer than intended, the dealer will be looking to unload the vehicle rather than rip off the customer. Therefore, the first offer is typically a pretty good deal.
Hidden Fees
While you may see things like “package fee” or “security fee”, these are not exactly hidden. In fact, the dealer will explain the price quote to you in detail if you like. Some charges will actually be optional and you can opt to not include them.
Cash is Best
Most Philadelphia car dealerships will agree that this is not a fact. Instead of cash, you will be able to get the best deal through financing. The reason for this is that financing will pay a reserve to the dealership that will not be reduced when paying with cash.
