Do dealers charge more for service?
The short answer is: They can’t. But since smaller shops incur far less overhead costs than dealer facilities, they can charge you less. Often a lot less. The other thing to keep in mind is that although smaller shops may have fewer service bays, they are sometimes able to provide faster service on shorter notice.
How much interest do dealers charge?
Many states and lending institutions have put a cap on the maximum interest rate a dealer can charge for arranging financing. The cap is usually 2.5%, but dealers can and do charge higher amounts. A 5% interest hike on a $25,000 loan over 60 months equals $3,306 in profit for the dealership.
Do all dealerships charge the same for service?
Some dealers do not charge for them, but most do, and what is considered shop supplies is at the discretion of each individual dealer. I’ve seen a customer get billed for $30 in shop supplieson top of their estimatefor the use of three shop rags! For that price, I can buy 20 rolls of shop towels at Auto Zone.
Do car dealers check bank accounts?
The dealer will sometimes look at your bank accounts to verify your income or help them decide if you’re a credit risk based on how much money you have in the bank. If you have a great credit score, they might not even ask for bank account statements.
Why do dealers want you to put money down?
A down payment may help you to more easily qualify for an auto loan, especially if you have lower credit scores. Without a down payment, the lender has more to lose if you don’t repay the loan and they need to repossess and sell the car. Cars can begin losing value as soon as you drive off the lot.
Is Firestone or Meineke better?
Compare company reviews, salaries and ratings to find out if Firestone Complete Auto Care or Meineke Car Care is right for you. Firestone Complete Auto Care is most highly rated for Compensation and benefits and Meineke Car Care is most highly rated for Culture….
| Overall Rating | |
|---|---|
| 2.9 | 2.8 |
| Culture | |
| 3.0 | 3.0 |
Are there dealer fees to buy a car in Florida?
Florida law has limits on the types of fees dealers can charge, and how transparent they must be when charging them. Therefore, it’s a good idea to brush up on Florida dealer fees before making a vehicle purchase. What Are Some of the Dealer Fees Florida Dealerships Charge? Car dealerships often make a profit nickel-and-diming car buyers with fees.
Are there electronic filing fees for auto dealers?
Some dealers try to get away with charging electronic filing fees on top of their documentation fees, but such fees are unnecessary these days, since third-party companies such as DealerTrack handle electronic filing for dealers.
Do you have to disclose dealer fees in Florida?
As per Florida Statute 501.976 (18), dealers in Florida must disclose whether a profit is built into each fee. Also, F.S. 501.976 (16) states that Florida dealers must include all fees the buyer must pay within the advertised price. Dealers are exempt from including state and local taxes, title fees,…
How much does Florida Department of Highway Safety and motor vehicles charge?
To review the most recent Benchmarking Analysis by the Department of Highway Safety and Motor Vehicles, in which Florida’s operating costs and related fees were compared to several other participating states, click here. An additional $6.25 service fee may apply to any credential issued in a tax collector office.