For the new and uninitiated, the new and used car industry is one that can befuddle you with tons of financial jargons, shady sales tactics, and it can even overwhelm you with the range of specifications available on the market. Whether you are looking for a trade-in, re-financing option, or even purchasing a showroom car, an established dealer would be able to cover it all for you.
Have a specific brand in your mind?
If you are looking specifically for a Mitsubishi vehicle, it would be optimal to search for a dealer that is related to them (in terms of partnerships or affiliation). This would mean that the dealer has to pay more attention to the brand they are affiliated with, as they would need to maintain the reputation of the brand and the trust that is bestowed upon them.
An exclusive partnership
Some dealers only deal with the brand of the cars that they have experience in, or are even engaged in an exclusive partnership. Phillip Mitsubishi specialises in the sale of new and used Mitsubishi cars, and they do carry some other used cars from brands such as Audi, Volvo, Subaru, Toyota, Ford, etc. For their preferred brand, they may be able to get flexible financing, promotional freebies, breakdown assistance, servicing by their own mechanics, etc.
Looking for a reputable dealer
There are many car dealers in the market today, and the reputation of the company is a major factor when it comes to choosing one. A reputable company would always engage in a transparent and open manner, without the need for jargons that would confuse the common layman. Looking for online reviews on a dealer would also help you in your search, and going to an established dealer with a long-standing history minimises the risk of encountering a rogue salesman.
Different financing options
Now that you have chosen your car, it is time to head over to the financial aspect. In the industry, it is common for a dealer to offer an in-house loan or a bank loan. Most of the time, the interest rate on a bank loan will tend to be lower than an in-house loan. But for those people who are unable to obtain a bank loan due to a bad credit score or even over-leveraging, going for an in-house loan would be their only option. This could be a great option to those who are in need of a car, but unable to meet the financial requirements of a bank.
Purchasing a used car can either be a bargain or a nightmare. If the car that you bought is a lemon car that is falsely advertised by a dishonest dealer, be ready for the onslaught of problems coming your way. Do the necessary research before any purchase to ensure that you are equipped with the knowledge. If you are unsure about the condition of the car, it is best to send the car to a workshop before committing to it. Bringing along a trusted mechanic to assess your car would be another alternative.
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