Tuesday, December 20, 2011

I need help with buying a new car!?

do your research first. use the internet. select a good, practical, reliable, safe, fuel efficient car. Then go to your credit union or bank and secure a car loan. Do this before talking to a car salesman. After you decide on 3 or 4 model cars that suit you, Find out how much people are paying for them in the real world...not the sticker price world. The sticker price is several thousand dollars over the real price of the car. Always cap a maximum price in your mind before you talk to a salesman. Negotiate the final OTD (out the door - tax title and tags included) selling price....not the monthly payment. Never buy GAP insurance or any other add-ons from the dealer. The salesman's job is to swindle you out of your money. Be prepared to walk out. Never fall in love with any particular car before you buy it! Embrace the negotiation....make the salesman work really hard for every dollar. Go to the dealership, stay for several hours with the salesman, leave and come back at least 3 times and test drive it at least twice before buying. Do this with all 3 - 4 cars you have selected as candidates. Embrace the price negotiation process and make it fun for you and hard for the salesman. Enjoy the argument. If both the salesman and the sales manager don't both refuse to sell at your price and ask you to leave then you are getting ripped off.

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