CASH CAR BUYERS Beat Dealers At Their Own Game In 2024 - A Genius Homework Guy Plan

Tired of Car Dealers jacking up their Prices because you're paying with Cash, or have your own Pre-Approved Loan? BEAT THEM, using their own business model against them!
The Common Question is: How do I get a good deal on a car paying cash? or this: Is cash the best way to buy a car? THG says: It definitely can be!
What do you think? Is it better to pay cash or finance a vehicle?
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With Titles like 11 Fake Fees, to Don't Say I'm Paying Cash at Car dealerships, and Car Shortage Crisis, and Car Dealer Says Bring the Car Back!... The Homework Guy Team publishes videos to help Car Buyers. Then we added Cash Buyer Negotiations, and Held Hostage at a Car Dealership, No Haggle One Price Car Dealerships, How Much do Used Car Dealers Pay for Cars?, and Costco Auto Program. We hit all the topics!

A CAR DEALER WANTS TO:
1. SELL every car for the Highest Possible Price.
2. CONVINCE Car Buyers to use Dealer affiliated Lenders / Banks.
3. LOAD every Car Deal full of Fees and Finance Products.
4. OFFER Lowball numbers on every Trade Vehicle.

THE HOMEWORK GUY TEAM (THG) HELPS CAR BUYERS TO:
1. BUY a Car from Dealers or Private Party Sellers at the Lowest Price.
2. PAY Cash or Finance with their own Bank or Credit Union.
3. DECLINE Dealer Fees and Finance Products.
4. TRADE / SELL their current vehicle for the Best Value.

For more than 40 years, dealerships have EARNED their lowly reputation by being the masters of predatory selling. Dealers stalk victims relentlessly, often ruthlessly treating the most vulnerable car buyers (like seniors, for example) with little or no conscience. Car Dealers and their Finance Officers have no problem creating financial devastation for their customers with over bloated car loans, and quite often do. We point out the traps and the flaws of the process, and help car buyers get through the nonsense without being ripped off. We promote fairness, honesty, and transparency. Join our mission!

The Homework Guy Team provides car buying consumers with information, automotive news and updates, industry outlook, buying and selling advice, and other help to level the tables. The public face of THG is Kevin Hunter and the master negotiator, Amazing Elizabeth. Tons of time and research goes into every show, with several projects always on the table, all with the goal of getting it exactly right. From Automotive News Updates to vehicle shopping advice and assistance, The Homework Guy Team is the best there is.

THG CATEGORIES: cars, truck, van, suv, auto, new cars, used cars, autos, mechanics, automobile, vehicle, dealer, automotive news, auto shop, service plans, extended warranty.
LEADING CAR BRANDS (MANUFACTURERS) WE COVER IN THE US: Ford, Toyota, Chevrolet, Honda, Nissan, Jeep, Ram, Dodge, Hyundai, Subaru, Kia, GMC, Mercedes-Benz, Volkswagen, Tesla, BMW.
#PersonalFinance #Investment #Dealerships

How can The Homework Guy Videos help Car Buyers?
1. What you need to know before buying a car.
2. Information you need when buying a car at a dealership.
3. Benefits of Buying a Car from a Dealership or Private Party.
4. Questions to ask at a Dealership
5. Car buying tips and tricks from the experts
6. How to Buy and Pay for a Car with Cash
7. Using Carmax, Edmunds, TrueCar, Autolist, or Kelley Blue Book for Car Pricing Info.
8. Buying a Car out of state.
9. Taking Control of the entire Car Buying Process.
10. What to do if Scammed.
11. Illegal things Car Dealers can do.
12. Understanding Dealer Financing Tricks
13. How to Avoid Dealer Scams.
14. Reactions to Sales Training conducted by Car Trainers.

We’ve seen amazing growth with over 369,000 Subscribers and counting. Meanwhile, if you prefer to fix your current car (and we recommend that you do!), check out channels like Chris Fix or Scotty Kilmer!

[KevinHunter]

Public Service Announcement! Lenders are prohibited by law from charging a prepayment penalty for an auto loan of 61 months or longer. So, when using this method, focus on a payment plan that's 66 - 72 months. This guarantees there is no pre-payment penalty!

[StringBanger]

It's sad we as consumers need to do this. Dealers can't dissappear fast enough

[dsbennett]

Many years ago, my boss told me how he bought a truck. He got a low price financing through the dealership. Next day, he went to the bank and paid the loan off. A few days later, the dealer called him and accused him of ripping him off! My boss had the pleasure of getting a lower price and pissing off the dealer.

[KevinHunter]

What's funny about this method, is that it's actually ok if that smile on the back of your mind shows on your face. The dealer will simply think you are excited about the car you're getting!

[CitEnthusiast]

I was looking at a Kia Kona EV, just looking. The dealer in NoVa sat me down to talk money. They included a $900 fee for the dealer installed theft tracking device. I told them I wouldn't pay for it as I didn't need the 'protection'. But they refused to remove it. No sale. Keep in mind, this was NOT mentioned other than as a line item on the price sheet, so read every line, challenge any fee you don't understand. They also had a fee for the sale, I don't recall what it was called, but I compared it to going into Walmart (or any other store) and being charged a fee just for being able to shop there! Will never deal with that dealership chain.

[skepticsamuel]

Be careful they don't try to front load the interest. Meaning any prepayment is applied to interest before principal. Read that financing contract!

[bp]

Excellent advise as usual.
In 2012, I had a friend who wanted to pay cash without financing but did instead financed to get the $2k bonus if the vehicle was financed thru the dealership. He paid off the loan off when he got the payment booklet. Another reason to finance if you are still paying cash.

[frankrothizu]

This video is so needed for those folks that lack the skills needed to successfully take on the aggressive dealer tactics. Bravo !!

[sunshinedaydream]

My favorite bogus charge when I bought a used Lexus from the dealer was the "nitrogen-filled tires." When I read this on the form, I started laughing loudly and the loan officer's face actually blushed when I said, " WTF" is this shit? He replied, well some customers want this included. I got a great car with ZERO extras and paid almost 3k lower than the advertised price since it was a Sunday evening an hour before closing on the 31st of the month. I actually was in the dealership 45 minutes past closing with another couple.

[rafaelhernandez]

I've gotten great deals by negotiating with the dealer on the out the door price I am willing to pay for a vehicle which includes taxes, fee, etc. I always check the contract in the finance office to ensure my out the door price doesn't change to anything other than what I am willing to pay. You guys are awesome for teaching the average consumer how to protect themselves from these greedy dealerships

[mitchellferre]

My favorite part of negotiating is when I get to take my own fat tipped marker and draw a big obnoxious line through every item and fee I will not pay ! Then I drop the hammer and tell them "no loan, thanks". Learning from your channel has saved me a ton of money. I get satisfaction from knowing I got a great price and I don't care how long it takes. You guys are awesome !

[bartonthom]

I would like to add two items that happened to me----do NOT MAKE THE SAME MISTAKE I DID! NEVER MAKE A DEPOSIT ON A VEHICLE UNTIL YOU AGREE ON A PRICE AND HAVE THE CONTRACT SPECIFY EXACTLY THE VIN # OF THE VEHICLE!! After I picked the vehicle I wanted and wrote a deposit on it --they did not let me drive the vehicle home---and when I returned the following day the price of the vehicle was $ 25, 000 HIGHER than the agreed price the day before. READ THE ENTIRE CONTRACT AND THE PRICES BEFORE SIGNING THE CONTRACT!! i HAD ONE CONTRACT I AGREED UPON AND THEN WE WERE INTERUPTED FOR 10 MINUTES--THEN WHEN i RETURNED --THE CONTRACT HAD BEEN SWAPED TO ONE WHICH INCLUDED EVERY DEALER OPTION!!

[timcat]

I was a Lot Boy at a dealer. I was 16 at the time. The corruption and high fives I saw the salesmen do behind the customer backs was beyond belief. They even started to groom me. They got me to disconnect odometers on used and new cars that the salesmen drove for personnel use. I will never buy from a dealer.

[rob-]

It's no wonder why people hate having to buy a car from a dealer. What a ridiculous process you have to deal with. It completely turns me off. My car is 19 years old and, because of the dealer process, I have no intentions of buying another one any time soon! I am really hoping the dealerships end up going away and we can buy a car directly from the manufactures as easy as buying a loaf of bread. Thanks for all your videos as they are eye openers to the disgusting methods of the dealerships.

[beltycat]

They believe they will “get it all back in the finance office “ an Excellent Point!

[shawnmason]

I have talked to tons of dealers while I am looking for a Toyota Tacoma that I want to pay for with cash.
Wow I have been shocked at how I have been lied to. These videos have been great!

I had a guy tell me just this weekend that his doc fee was so high because “Doc fees cover the cost of getting a vehicular ready to sell. Like new break pads, cleaning, etc…”
I just laughed out loud. He was disturbed by that. 😂😂
Then I googled Doc fee and read it to him. He was very embarrassed. I told him that I don’t like dealing with dealers that lie to their customers, so I marked them off my list.

[drhuby]

About 4 years ago when I bought a 1 yr old used car, the sales guy came right out and told me to finance a portion to get the $2k savings and told me to then pay it off within 7 days to avoid any interest/fees. I admit though, that I wasn't so savvy about looking for added fees, I wasn't familiar with this channel yet! So I probably paid more than I should have anyway. But I sold that car last year for several thousand more than I paid 3 years earlier. After backing out my cost of gas, insurance, and registration for those 3 years, it was basically a wash. I consider that a win.

[weekendhero]

Last time I bought a new car - 1995 - I had the lot salesman and the fleet salesman unknowingly bidding against each other. The same car had two different newspaper ads. Financed with my CU for the bonus, paid it off soon as the bonus hit my account.

[wisenber]

I have a pretty low credit score due to not having any debt for a couple of decades. Both of my houses and all of my cars never had a loan. I haven't had a credit card in years. About all that shows are my utility bills.
I get them excited by thinking I can't possibly qualify anywhere, work out the the best price, make sure there's no pre-payment penalty, sign a deal with horrible rates but no pay it off the next month.

[goblinzl]

on my last purchase i negotiated an OTD price online and brought a certified check. i got a great deal and i never told them i was paying cash. i politely turned down any extras and said im paying enough.