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While Rachel and the CarEdge team didnt agree on everything, they did find some common ground.
Here are some of the main points of the video.
Also here are 10cars under $10,000 that Cruze said is worth buying.
One of these is getting a car loan for a much longer period.
As the CarEdge experts explained, telling a salesperson your ideal monthly payment puts you at a disadvantage.
Instead, knowing the total cost youre willing to pay for the car is better.
Cruze agreed with knowing the total price you want to pay for a car before you enter the dealership.
But, she reinforced her debt-free perspective.
The dealership makes money from financing cars; the more cars it finances, the more it makes.
Again, knowing the total price you want to pay for the car is key including your down payment.
Mention your down payment at the end of the negotiation when youve already agreed on your total price.
Many people can earn more from their current cars by making a private sale and dealerships know that.
By not discussing your trade-in, you leave more room for negotiation.
Thats where youll learn about extended warranties and other products.
Its about knowing how much you want to spend and staying true to that number.
Cruze also explained that cars are depreciating assets and their value drops when you drive them off the lot.
According to Edmunds, new vehicles lose 11% of their value the moment you leave the dealership.
Since its founding, theRamsey Solutions teamhas favored paying cash for cars.
This is one of the core beliefs and Cruze was informative and helpful in her reaction video.
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