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Business & Entrepreneurship

Buy a Car Without Getting Cheated

Black-friendly car-buying tactics.

Pre-arrange financing

Get pre-approved for a car loan at OneUnited, Industrial Bank, or your credit union before you walk into a dealership. Dealer financing is usually 1–3% higher than direct lender rates.

The price negotiation

Negotiate the out-the-door price, not the monthly payment. Dealers hide markup in payment math.

The trade-in trap

Get your trade-in valued separately at CarMax or Carvana before negotiating. Use that number as your floor.

Discrimination is real

Multiple studies have documented Black buyers paying 3–5% more for the same car. Bring a white friend or a co-borrower for the final negotiation if you've experienced bias in the past.

Shared by @blackwiki · June 5, 2026

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