Cash Saving New Car Buying Tips
Friday, May 29th, 2009Some tips for buying a new car without getting carried away by the excitement. It is great fun going to a showroom and getting into the drivers seat of some of those shiny new models. The trouble is that it is normally the salesman who is in the drivers seat when it comes to negotiating a deal. It pays to be prepared.
You probably did some research, in magazines or online, before going out to look at the real thing. You will have made a realistic assessment of what sort of car you really need and what you can afford. You head out boldly with your goal in mind. But then you see the gleaming paintwork and smell the leather and …!
That’s where they’ve got you. The dealer is your friend and he doesn’t want you to have to settle for second best. He can see you glancing towards what you really want. It’s his job to convince you that with the special deal he’s going to cut you, you can afford it. As long as you buy today, that is.
If he can’t bump you up a model, he can certainly get some options and accessories onto the contract. Add in all the extra services to make car ownership trouble free and you’d be mad not to buy. When you see how little you’ll be paying on the amazing finance deal he offers, you’ll almost feel as though you stole the car.
You drive away feeling great, and don’t even realise that you have been led down a well worn path. The dealer has a step by step plan, and each step is another opportunity to boost his profit on the deal.
The dealer has a playbook of pressure tactics and psychological tricks that are designed to get you to buy now and at the maximum profit for him. They range from subtle, to not so subtle, to downright dirty. And he’s an expert in deploying them.
The best tip for buying your new car is, don’t, until you are properly prepared. It’s too big a purchase to make a mistake on. Know what you want and your monthly budget and stick to it.
It is worth working on your mindset before you go to the dealer. Always be aware that the money and the buying decision are yours. The salesman will try to convince you that you only have one chance to get this deal. It’s not true. There is always another one.
If you feel under pressure, tell the dealer that you are going to buy, but not necessarily now and from him. Take back control and then ask for a better deal. There may be unadvertised offers. I got a salesman to check on this and saved $700!

