Best Advice You'll Ever Get
(ABOUT CAR BUYING ANYWAY)
PSSST! Listen carefully! I am going to share some very valuable advice that can save you tens of thousands of dollars over a life time of buying and trading vehicles. This is the kind of info car dealers hope you never figure out!
Since SAB was launched, easily the most frequent obstacle we run into is potential customers who'd like to get a newer vehicle but need to sell their existing car first. Problem is, after a little research, we have to give them the bad news that they owe much more on their vehicle than it is currently worth. It's referred to as being "Upside Down".
How do people get upside down on a vehicle loan? They buy or lease an expensive vehicle with very little money down. They were lured into the deal based on an affordable monthly payment. Many auto dealers today do not even advertise the true cost of vehicles but only emphasize the "low monthly payments". In many cases buyers do not even realize what they are going to pay for a vehicle over the term of their loan, or that in the first year or two they are making very little headway against their loan principal because they are paying most of the interest up front. At the same time their vehicle is depreciating RAPIDLY.
Let's use as an example a typical family buying a minivan. They go to their local new car dealer find a model they like, and get massaged into a long term loan with monthly payments they can afford. But then, in a couple years when they tire of it and want to drive something else, that $25,000 van is worth $13,000 on trade and they still owe almost $20,000. Now they are stuck. Do they grind out the payments for another 4 years driving something they wish they could get rid of? Do they sell the vehicle and take a big hit? The absolute worst thing to do is what too many people do at this point, i.e. go back to a car dealer and buy a newer vehicle, trading in the one they are upside down on and adding the balance onto another car loan. Now they are even further upside down! Sound familiar to anyone??
If you are badly upside down in your auto loan we can't make that problem go away, but we can make sure it does not happen again and the cycle is broken. I always encourage people, "Instead of buying a brand new car, let us find one that is like new with very low mileage". I often can find one year old models with less than 15K on them which SAB can deliver at a 25--40% discount off the list price. Let someone else pay that big initial depreciation. Be smarter than that!
Going back to the van example, instead of paying $25K for a new Dodge Grand Caravan for example, you can buy a one yr off lease unit thru SAB with very low miles, still under all warranties, for $16,000. Now when you pay on it for two years, your van will may be worth $13,000 but you will only owe around $10,000. Instead of being upside down $5000, now your van is worth $3000 more than you owe on it!
In one cycle like this: buying--> selling--> buying again, SAB typically can save customers $10,000 plus. When you multiply that over and over again by the number of times an average American family buys and sells vehicles (on avg at least one every three years), using a service like SAB could save you a more than $100,000 in a life time! Wouldn't it be wiser to have that money for college, for retirement, for vacations---or just to give to your favorite charity or ministry--- rather than wasting it on car payments and interest? If you check out SAB, we think you'll agree with our company motto: "The smartest way to buy your next vehicle!"
