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BEWARE OF CAR DEALER ADS. . .
It never ceases to amaze me how so many people fall for the phony nonsense that car dealers put in their ads! Yet week after week you see the most outrageous ads run by the car dealers. And let me tell you, those big color newspaper ads aren't cheap!
Whatever you think the ads are saying, Don't Believe Them! There's a catch, an angle or something misleading in MOST car ads.
I emphasize "MOST" because there ARE honest dealers out there who have too much integrity to pull some of the shenanigans that go on!
By the way. . . the sole purpose of all the gimmicks you see in car ads, is to get you in the door at the dealership, and not let you leave until you buy a vehicle.
Read more. . .
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BEWARE OF THE
SPOT DELIVERY
The "spot delivery" is a technique that car dealers use to get you to take delivery of a vehicle immediately after you agree on a car deal.
Car sales people know they have to get you when you're "HOT," or when you're all worked up emotionally. Everything is Now, Now, Now! In the Car Business There's No Tomorrow!
The F & I Manager will throw together some bank papers for you to sign, and then, usually, after you're down the road, he'll get the deal approved at the bank, and hope they go along with the rate and terms that he signed you up for!
If they can't get the loan bought anywhere then they have to get the car back from you! Not a pleasant situation for them or you!
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How to Sell Your Car for the
Highest Possible Price!
If you want to get the most money for your used car don't trade it...SELL IT!
In order to sell your car you'll have to do things like running a classified ad either locally or on a High Traffic Classified Internet Site, field phone calls and have strangers come to your house so that you can go on test drives with them. Then of course, you'll have to negotiate!
You'll also have to keep your vehicle spotless so that it makes a good first impression anytime someone comes to look at it!
If you don't feel comfortable doing these things then trade your vehicle in to a dealer and forget it.
Of course, if you do, you'll be losing $2000 or more!
If you're willing to give it a try, here are some tips to help you sell your car:
Get your vehicle professionally detailed. It will cost you $75 to $100. Believe me, this will make your vehicle really stand out from the crowd! Then, all you have to do is try to keep it looking good until you sell it!
Write a simple classified ad emphasizing all
the strong points of the vehicle. Don't lie, but
don't go out of your way to point out what you may think are weak points! In fact, the person considering your vehicle may not see them as weak points at all!
Put a price in the ad, and a phone number. Don't put your address in the ad unless you want people popping in on you unexpectedly all hours of the day and night.
If you're at all concerned about being alone when
someone comes to look at your vehicle. . . And You Should Be. . . set up appointments when a friend or family member can be
there with you. This cannot be over emphasized!
Use Your Head, and Put Safety First!
A sample classified ad to sell your car could read something like this:
"1996 Ford Thunderbird LX. Exceptionally
clean and very well cared for. Fully
equipped including sun roof! Only
39000 miles. $7,000. Call 123-4567."
Emphasize any unusual good points and let people know how clean your vehicle is. Keep it simple and positive.
Go to Yahoo! Autos
and look up the retail value of your vehicle. Now understand that this price is not carved in stone, and is probably high! You'll have to use your own judgment on how much to settle for, but it will be far more than a dealer will give you!
To understand why the car dealer will never give you more than wholesale value for your car go to Car Trade Tactics!
You can also check trade-in values at Yahoo! Autos
but these figures may be higher than actual wholesale, which is what the dealer will give you, so take these figures with a grain of salt!
If you owe money on your vehicle don't use your
payoff to determine the car selling price. It probably has no bearing on what your vehicle is actually worth. You'll either short-change yourself, or you'll be asking an unrealistically high price for your car and you'll never sell it!
If you owe more on your vehicle than you could
ever hope to get for it, you're going to have to make a decision to either keep your vehicle until it's paid off, or cut your loses and take what you can get and move on.
You should arrange financing for your new vehicle
in advance by going to Car Financing Tips. Tell your lender what you are doing, and that you may have a certain amount left over from your previous loan that you need to carry on the new loan.
Dealers do this all the time when you trade your vehicle in and you are "upside down" in your trade. Whatever is left over on your loan after the trade-in allowance, gets tacked on to your new loan.
Before you try to sell your car to anyone make sure all the fluids are at their proper levels, especially the oil. In fact, have your oil changed just before you sell your vehicle so that the oil is nice and clean. People will look at the oil, rub it between their fingers, smell it and even taste it!
I can recall on two different occasions when I was attempting to sell used vehicles that the prospective buyers actually tasted the oil! They were both women who apparently knew a lot more
about motor oil then I did! So change your oil! You
want it to taste "clean!"
When you sell your car you'll have to take your customer to your bank if you have an outstanding loan on the vehicle.
Let the buyer pay the bank the balance of your loan so you can sign off on the title and transfer it to the new owner. If you're lucky enough to have any money left over after the payoff is taken care of, get it from the buyer, and put it towards your new vehicle.
A nice touch would be for you to get a Free CARFAX Record Check. Having this on hand will probably be very much appreciated by your potential buyer.
One last thing . . . you may want to list your vehicle on high traffic, Internet classified web sites. You'll have massive exposure to your vehicle and you just may find someone to buy it sight-unseen. Click Here To Visit The Best Used Car Classified Web Sites!
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"Most" Popular Resources for FREE Info & Quotes!
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TRADING YOUR CAR?
Car dealers love trades. It's their primary source for used inventory. They need your trade,
especially if it's clean.
They also know that most customers don't have a clue as to its worth. They especially love that fact!
Even so, most customers do have a predefined amount in their heads as to what they think their trades are worth. But the dealers are way ahead of you on this.
Trust me on this. . . in at least 95% of the cases, you are actually getting much less for your trade than what they are showing you on the sales order!
Confused yet? Just study the information on this web site and you'll have a full understanding of all the "Tricks of the Trade!"
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ABOUT YOUR CAR LOAN PAYOFF. . .
The "payoff" is the amount of money remaining on YOUR car loan! This is money that YOU owe! The car
dealer doesn't owe it! You do!
So, when you trade in your vehicle, the "payoff"
balance must be paid off, or the bank will not
release your title to the car dealer you're trading to!
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BEWARE OF THE F & I or FINANCE OFFICE!
The Finance Dept. in the dealership, otherwise known as the "Business Office" or the "F&I Dept." has only ONE JOB;
To make sure you walk out with the HIGHEST PAYMENT POSSIBLE!
What the public doesn't realize is that the dealership makes as much, and often more money in the Finance Office than it does on the actual sale of the vehicle!
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