: These dealers often charge extremely high interest rates and include hidden fees.
If the car actually costs $500 total, it is likely at the absolute minimum for a running vehicle. buy cars for 500 dollars
: Experts from Reddit's Personal Finance community warn that the down payment often covers the dealer's entire cost for the vehicle, meaning every payment you make after that is pure profit for them. 2. The "Beater" Car (Outright Purchase) : These dealers often charge extremely high interest