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New
Car Buying Advice
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Negotiating
a New Car Price
Quotes
are different for each free car buying service, so get
a consensus. Spend a few minutes now and save a few
thousand dollars later. Your ability to negotiate the
best price with the dealer depends on the results of
your quotes from these sources. Put all your free car
buying quotes in "The Folder" that you bring
to the dealer.
Never
Negotiate On An Empty Stomach
Before
you go to negotiate eat a good meal, make sure you are
rested, showered, and dressed comfortably. Dress
casually, not in shorts and a T-shirt with your lint
filled belly button showing, but in nice jeans or Dockers
and look smart. Walk in there looking like
Warren Buffet, not Jimmy Buffet. Do
NOT go car shopping if you are sick, have a
fever, or a headache. Bring a low priced
financial calculator with you, like Hewlett Packard or
TI with loan calculation functions.
Get advice on the best loan for you!
Don't
Be An Impulse Buyer!
"This
car is the hottest! We're selling them at $1000 over
MSRP!"
Tell them you
don't want a car that is "hot", you'll be
paying too much, and next year it won't be worth
squat, because the next "hot" car will
replace it. Tell them you are not
interested in the car, if everyone's buying it.
Now you are being proactive, and taking charge.
Just keep chiseling at all their statements, always
have a comeback for whatever they throw at you.
Wait
until the demand drops before you buy
When they double the output and
supply catches up with demand, prices may drop, so be
patient. What's the payoff for being patient a
month or two? Other than a potentially lower
cost, you'll have more money saved up, than if you
bought today. This will reduce your amount
financed to a lower price, and hence you'll have lower
monthly payments than if you bought today.
Free
Auto Accessories & Insurance
Many Auto dealers provide free accessories to boost
their company performance. Do look for discounts and
free accessories like music systems, central locking,
seat covers.. Do try to get maximum free
accessories. But so not get carried away at the
idea of getting free accessories at the expense of old
car models.
Most
of the auto car companies have tie ups with some or
the other insurance companies. There is a specific
percentage of the car insurance's price that is
credited to the dealer's account by the insurance
company if the car is insured directly from the
dealer. So try to make quick gains by asking for free
first insurance or some percent of insurance say about
40 -50 % from your car dealer.
You
Have The Right To Know
When
you buy a car you have the right to know how much it
will cost including interest rate, trade-in value,
taxes, and fees, all disclosed in writing. But
there are people who don't want you to know how much
you're spending, and divert your attention from higher
costs by pointing to monthly payments you are
comfortable with. Don't get comfortable yet,
you're about to learn how to protect your rights.
Off
Seasons
If
you are not in a hurry and can wait for certain time
then discount or off seasons are always the best time
to buy new cars. You can have maximum discounts at
these time of years. Look for Christmas or new
years.
New
Car Price Quote
Always take along your new car price quote. Although
this represents the car dealers lowest possible price
on a new car and should include any dealer rebates and
incentives offered, there is always room to negotiate
a better deal. Auto manufactures often want to get rid
of slow selling cars or reduce inventory, therefore
they offer cash rebates or low financing deals. Even
with a great new car price quote, negotiate on the
price.
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