Buying a car is usually our second
biggest investment after our home purchase
and most of us will do it more than once in
our life.
There is something emotional about cars,
it represents our taste and style, our
economic status and our character. Some
women even claim that a car is a man's
extension of his reproductive organ. One the
other hand (the good hand) there are women
out there that might express their
exhibitionism and extravagance by choosing
to drive a red flashy car for the whole
world to notice them. Both sexes would agree
they sometimes feel they "fall in love" with
a certain car model.
There are people who get very existed
from a small scratch on the cars lower side,
as if it were their own skin. The beauty of
the car, its aerodynamics shape, the gadgets
inside, the seats the feel of it all play a
major part in our decision making.
In our modern life it's almost impossible
to function without one and it's expensive
to acquire, to finance and to maintain.
Buying a new car is a lot of fun, the new
car has its unique smell no doubt about it,
the very fact you can afford to own a brand
new car is a great feeling.
When is the best time to buy a new car?
There are two "best times" to buy a car.
The end of December is a good time for car
buyers to buy a new car. Everyone is out
buying Christmas gifts, leaving new car
dealer lots void of customers, motivating
dealers to cut costs, and break year end
sales records. Another good time to buy a
car is July to October as new car dealers
sell off cars at low prices to clear space
for new car models. Secret factory to dealer
incentives can be $1000-$6000 in addition to
new car consumer rebates!
How and where to search for prices:
Invoice price - what the dealer pays the
manufacturer - has become the real
negotiating point. Allowing for the dealer's
need to make a profit, the price you pay
should be somewhere between sticker and
invoice.
Virtually all car buying sites on the
Internet show invoice and in most cases
their buying tools automatically add
option/package invoice amounts as you work
your way through the process.
Any car buyer, with very little effort,
can get an accurate summation of a car's
value, which immediately puts him or her in
a stronger negotiating position.
Happily for the consumer, the Internet
now allows a prospective buyer to uncover
market conditions at any moment in various
parts of the country.
www.Edmunds.com
for example, reveals the True Market
Value:
www.CarsDirect.com, which sells cars
online, has its own version called
Guaranteed CarsDirect price
www.Intellichoice.com sorts out the Best
Deals of the Month.
The negotiation phase and the dirty
tricks:
After you made your research via the
Internet, it's important you make some phone
calls to car dealers and ask for some
written offers to be sent to you via the fax
or email for the car of your dreams. That
way, you can compare prices between several
dealers without being pressured by a
salesperson.
You would be much better off selling your
old car yourself rather than to trade it in
through the dealer because the dealer will
have to earn some money on it as well.
Remember, everything is a negotiable, car
too. Buying a new car is tricky from the
moment you step into the car dealership
arena, you might be manipulated by scam
artists, well trained sales persons that
will use every trick in their fat book of
tricks to extort every last Dollar out of
your bank account.
There is one well known trick they teach
in car dealers sales courses, it's called
"throwing a lowball", in this tactic a
customer is offered a very good price on a
car, Perhaps as much as $500 below
competitors prices. The good deal, however,
is not genuine, its only purpose is to cause
a prospect to decide to buy at this
dealership and not from the other dealers.
Once the decision is made a raft of purchase
forms are filled out, extensive financial
terms are arranged. The dealer knows,
customers develop a range of new reasons to
support the choice they have now made.
Then something happens. All of a sudden
an "error" in the calculations is
discovered, It might be the salesman forgot
to add in the cost of the air conditioner
and if the customer insists on having it,
then $500 must be added to the price...
The cover up operation is played
sophistically, some times they let the bank
handling the financing find the "mistake",
other times the boss is not approving the
deal because "we'd be losing money". They
make it look as if it's not that big mistake
as it's a relatively small percentage of the
price of the car and as they stress out it
only brings it to be equal to competitors.
The impressive thing about the lowball
tactic is its ability to make a person feel
pleased with a poor choice. If anyone tries
to change the originally-quoted terms or
talk you into buying a different vehicle,
just say "no" and go somewhere else.
If you are interested to learn about many
others car dealers scams and how to avoid
them go to:
www.carbuyingtips.com/scams.htm
Until all the papers have been signed
there are still ways in which a shrewd
dealer may add to his profit by talking you
into extras you don't want and probably
don't need. These can include added and
overpriced insurance, extended warranties,
rust proofing (absolutely unnecessary),
paint or fabric protection, anti-theft
plans, and more. Smile and firmly turn them
all down.
Finally, before you drive away, do a
careful inspection of the car, looking for
scratches or dents; anything that mars the
perfect finish. If you're not happy, get a
written agreement (known as a Due Bill). It
means you have the right to later return the
vehicle in order that flaws can be
corrected.
About The Author:
Amit Laufer is a writer and internet
marketer. Mba and Bsc Computers information
systems.
Owner Editor of:
Cars
Buying Tips |