By Tony Iorio
The following tips will help you stay focused and
organized when buying a vehicle, and most of all
will allow you to stay in control of the situation
so you don't fall victim to the car dealer's "Selling System!
"
1) Before you enter a car dealership for the first
time on your quest for your next vehicle, it would
be nice to have some idea of what you want!
If you don't that's OK! You'll just have to do a
little old fashioned shopping to decide! Of
course, you can shop online, but unless you are
very sure of what you want, get out there and go
looking!
Just remember these guidelines before you go into
a dealership:
- Don't make any deals your first time in.
- Don't discuss price with the salesperson. (Not Yet!)
- Don't discuss your trade-in if you have one.
- Don't discuss financing, or how you plan on
paying.
If you do any of the above, believe me, you'll end
up losing thousands of dollars!
You've Been Warned!
Now, you'll want to do some research on the type
of vehicle you're considering. Information like
safety ratings, fuel economy ratings, Insurance Costs and reliability ratings are all important areas that you should look into.
Just stay focused on the vehicle you're interested
in. Test drive it, make sure it has the room you
want (don't forget to consider any potential
additions to your family in the next few years!),
make sure you like the way it handles, the way it
looks, the trunk space, the way it smells...you
get my drift! Make sure you're satisfied it's
what you want.
Once you've done that, write down the serial number, list of options and sticker price, get the salesperson's name and go home and do your
research.
Next, Find out the dealer invoice amount if you're
considering a new vehicle, or the average
wholesale and retail prices if you're looking at a used car.
To do this go to Free Car Price Quotes & Research Information. Visit the recommended car quote web sites there. You'll be able to research the vehicle of your choice, get the invoice price and get some free actual price quotes.
To research used car values go to Yahoo! Autos
.
Don't forget about Rebates. This is your money, so when you make a deal don't
let them include the Rebate until after you agree on a selling price.
In other words, Keep the Rebate Out of the
Negotiation Process!
2) When leasing a vehicle go through the same
process you would if you were buying it. When
you negotiate the selling price it will be called
the "gross capitalized cost," but it's the same
thing as the selling price.
This is the price that the dealer will sell the
vehicle to the lease company for, who in turn,
will lease it to you. This figure will have a
direct effect on your payment, so be sure to
negotiate this price just like you were buying the
vehicle.
Go Here For All the Facts About Leasing!
To take a look at a great little software program
that will Save You Big Bucks, and keep you from
getting ripped-off in a lease visit EXPERT LEASE PRO! This program will save you a ton of money on a lease. It's easy to use and it's well worth the small fee to buy it.
3) If you have a trade-in find out what the
wholesale value is, because wholesale is All a
Dealer Will Give You!
To research used car values go to Yahoo! Autos
.
Remember, to take these book prices with a grain of
salt! There are many factors that come into play
when determining your vehicle's wholesale value.
Mileage, tire wear, interior condition, appearance
of the paint and body, rattles, squeaks, brakes,
handling and obvious oil leaks are all key areas
that are checked out when a dealer appraises your
vehicle.
You'll come out much better in the end if you sell
your trade privately. It may take longer, but
just this one step could save you thousands of
dollars! Go here for some Great High Traffic Classified Ad Sights where you can list your car for sale.
Why? Because you can get much more than wholesale
by selling your car outright. Don't get hung up on
holding out for top retail either. Just settle
for as much as you can, and it will undoubtedly be
more than the dealer is willing to give you.
Have your trade professionally detailed before
trading or selling it. It will bring more money
and it will be $75 to $100 very well spent. Find a
professional detail shop in your area to do this.
And For Crying Out Loud...whatever you do...make
sure the oil, antifreeze, power steering fluid and
transmission fluid are all filled to their proper
levels before a dealer or a private buyer looks at
your vehicle! Nothing kills a sale quicker than
the fluid levels being low!
For great tips on buying, trading or selling a
used car visit Used Car Tips!
4) If you are going to finance your vehicle,
arrange it yourself with your bank or credit union
before you make a deal. Go here for some Great Deals on Auto Loans and General Financing Tips!
If you let the dealer arrange your financing you will
pay dearly! You may end up paying $2000 to $3000
more if you let the dealer handle it! Go here to find out How the Car Dealer Gets Deep Into YOUR Pockets in the Finance
Office!
5) Now it's time to go to the dealer! You've done all your homework by getting price quotes from all
the Car Buying Services and Finance Sources right here on this web site!
Tell the dealer how much you are willing to pay
for the vehicle you've picked out. On most new
vehicles they will usually take $200 to $500 over
invoice. Remember, this is before the rebate
comes into play. The rebate is your money even if
you lease.
This Is Very Important: DO NOT tell the
salesperson that you have a trade, or that you
have your own financing in place. Keep him or her
guessing!
Negotiate the selling price of the vehicle only.
Don't Negotiate Payment or in the case of a Trade,
the Price Difference. And keep the Rebate out of
it!
ONLY After you've agreed on a price, should you
spring the trade on them! And ONLY After you're
satisfied with your trade-in allowance should you
tell them that you have your own financing in
place!
They will probably scramble around in "panic mode"
trying to get you to finance through them. Don't
fall for it! Stick to your guns!
Be prepared to walk out if the salesperson won't
cooperate. Don't let the car dealer get the upper
hand. Maintain control over the whole process and
You Will SAVE Yourself Thousands of Dollars!
Go here for more detailed pointers on Negotiating a Great
Car Deal!