Which Dealer Add-Ons Should You Buy?
These items will be shown to you by the finance (or business) manager after you've agreed to purchase the vehicle.
Many dealers make a good portion of their profit selling these add-ons (such as extended warranties, service plans, gap insurance, and paint/fabric protection).
There are only a few add-ons that you should consider purchasing - all the rest are pretty much useless.
The ones worth considering are:
- Extended Warranties
- GAP Insurance
The following may be worthwhile for some, but not most:
- Pre-paid Maintenance Plans
- Wheel Protection
- Low-Jack Anti-theft device
- Paint Protection
- Fabric Protection
- Window Etching
- Car Alarms
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid