Though it may take longer to sell your car yourself, you generally will get more money than if you trade it in. Service contracts that you may buy with a new car provide for the repair of certain parts or problems. These contracts are offered by manufacturers, dealers, or independent companies and may or may not provide coverage beyond the manufacturer s warranty. Remember that a warranty is included in the price of the car while a service contract costs extra. Many new car dealers advertise unusually low interest rates and other special promotions.
Many factors determine whether a special offer provides genuine savings.
The interest rate, for example, is only part of the car dealer s financing package. Terms like the size of the down payment also affect the total financing cost. A call or visit to a dealer should help clarify details about low interest loans. Some merchants limit special deals to a few days or require that you take delivery by a certain date. Some dealers promise to sell the car for a stated amount over the dealer s invoice.