Buying a used car in Madison (Gallatin: credit, loan, leasing)

[TNLivin]

I will be buying a used car in the Madison area within the next few days. Looking for a good "buy here pay here" place. Any suggestions and anyplace I should beware of??

[yank283]

Originally Posted by TNLivin

I will be buying a used car in the Madison area within the next few days. Looking for a good "buy here pay here" place. Any suggestions and anyplace I should beware of??

Good luck with getting financing through the dealership....veeery bad idea. Go to a bank (or better yet credit union) and get pre approved to a certain amount with a good interest rate. I really wouldn't recommend a car payment at all and paying cash.

[lakerat]

Don't know about the whole finance thing but it seems like CARMAX has about as good of a deal on used cars as anywhere.

[patsymom]

Try J.D. Byrider on Gallatin Road in Madison.

They are really good to work with. They even worked with me on my downpayment.

Good luck!

[pawillia]

Originally Posted by yank283

Good luck with getting financing through the dealership....veeery bad idea. Go to a bank (or better yet credit union) and get pre approved to a certain amount with a good interest rate. I really wouldn't recommend a car payment at all and paying cash.

Yank283, I am considering purchasing a preowned vehicle and want to get a preapproved loan as I think that will work best for me but what is a good interest rate? I've never purchased a used car with payments...I've only bought used cars cash or leased...

[yank283]

Whew, it's been awhile since I had a car payment...maybe 7% or below? anybody else know?

[yank283]

Oh yeah, read the fine print on the contract. I got bent over by Bill Heard Chevrolet when I first moved to Nashville. Since then, I think Channel 5 news had done a segment on their crooked financing practices and the Better business Bureau has done an investigation. I ended up paying about $29,000 for a vehicle that I supposedly bought for $16,000. It was legal I suppose but the salesman verbally lied to me (I know shocking). I just didn't read the contract through and could not prove what he had said. NEVER AGAIN.

[pawillia]

Originally Posted by yank283

Oh yeah, read the fine print on the contract. I got bent over by Bill Heard Chevrolet when I first moved to Nashville. Since then, I think Channel 5 news had done a segment on their crooked financing practices and the Better business Bureau has done an investigation. I ended up paying about $29,000 for a vehicle that I supposedly bought for $16,000. It was legal I suppose but the salesman verbally lied to me (I know shocking). I just didn't read the contract through and could not prove what he had said. NEVER AGAIN.

Wow ! My face was floored when you said that. This is why I totally hate buying cars. I usually just take my sister and she does all the work (used to do car sales and financing). But now that I am in another state, I feel totally lost and screwed.

[pawillia]

What about buying or leasing new cars or certified preowned? What dealers are recommended in the Nashville area?

[TNRyan23]

There used to be a great dealership on Dickerson rd. but they went out of business.

My wife bought at carmax, I'll never buy from anywhere else.