Posts Tagged ‘Car Buying’

Cash Saving New Car Buying Tips

Friday, May 29th, 2009

Some 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!

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Who Needs a Car buying Strategy?

Wednesday, May 27th, 2009

Do you have a car buying strategy? Why would I ask that question? Because if you dont you could be getting taken for a ride. You can bet that the auto dealer will have his strategy planned, down to the last dot and comma. From the moment he sees you, he knows the path he wants to lead you down.

You had better have your own strategy in place. The agent’s job is to meet his sales quota. He can make it easier for himself by maximizing his profit on every deal. Perhaps by guiding you towards a more expensive car than you had in mind. Adding on a few extras.

The dealers offers on finance and servicing may sound attractive but they could work out better for him than for you. That is why you need to know what alternatives are available before you go to buy.

The next part of your car buying strategy is to know when to look. New models are released between August and November. Just before then is your chance to get the current model at a discount. The dealer needs to get old stock off his hands.

At the end of the month, the pressure is on to hit that sales quota. They need you to buy today rather than next week. Look as though you are about to leave and they just might be able to work out a better deal.

Weekdays are better for getting a good deal. With fewer buyers around, the agent needs to pull out the stops to make the deal attractive. If you are the only one in the showroom, he doesn’t want to see you walk away.

It’s a big commitment to buy a car. You don’t have to rush into it. But it’s exciting too and it’s easy to be swept along by emotion. The salesman knows that and will try every trick in the book to play on it. He try to convince you that this deal is only available today. It’s not true.

If you are feeling pressurized or there are aspects of the deal you aren’t sure of, you can always leave. It is easier if you go in with the mindset that you can do that. There will be other times and other places to get the same or a better deal.

Having your own car buying strategy can put you on an even footing with the salesman. In tough economic times, you need to make sure you are getting the best possible value on a car that suits your requirements.

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Why Do You Need a Car Buying Strategy?

Tuesday, May 26th, 2009

Do you have a car buying strategy? Why would I ask that question? Because if you dont you could be getting taken for a ride. You can bet that the auto dealer will have his strategy planned, down to the last dot and comma. From the moment he sees you, he knows the path he wants to lead you down.

You’ve got to have your own strategy in mind. The salesman’s job is to hit his sales target. The more he can make on each deal, the better. Maybe by bumping you up to a more expensive model or some optional extras.

Finance through the dealer, service contracts, GAP insurance etc may be a better deal for him than they are for you. You need to plan ahead and know what alternatives are available before you go to the car lot. Know what model and what features you want.

The first step is to know what you want and the next one is knowing when to go and get it. If you really want the latest model, August to November is the time to go. If that’s not important, just before this time, the dealer may have old stock on hand that he needs to get rid of. That could work in your favour.

The end of the month is the deadline for sales targets. The pressure is on them to sell, not on you to buy. Look like you’re going to leave and they just might be able to save you an extra fe dollars to get the deal.

On weekdays, there are fewer shoppers around. The dealer will be more anxious to make the sale. If you are the only potential customer, he doesn’t want you to walk out. You can always do that if you don’t like the offer.

Buying a car is a major financial commitment. You dont have to do it today. It is easy to be seduced by the shiny paint job and that new car smell. And the dealer will have used every trick in his playbook to take advantage of that. He will want you to believe that if you want this car, its got to be now. Thats not true.

If you are not sure about the car or any aspect of the deal, or you are feeling under pressure, walk away. It is much easier to do that if you have prepared in advance. You will be able to get the same model, at an equal or better price, next week or the week after.

Have your car buying strategy prepared and you can take away the salesmans home field advantage. Every penny counts these days. Get the car that is right for and for the best possible value.

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Save A Bundle On Your New Car

Monday, March 31st, 2008
infoswag01 asked:


Everyone can save when buying a new car as long as you know these secret moves!

JC

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Get your Car With a New Car Loan

Tuesday, August 23rd, 2005
New Car
Apurva Shree asked:


Today the market is flooded with new and stylish cars attracting car lovers. New car loans are offered to those who are particularly interested in buying a new car. However, most of these new cars do not fit into the budget of the car buyers. Now even if you are low on resources and still yearn for a swanky car then new car loans can be the solution.

There are many ways to own a car – buying one is the most common method. New car loans are not difficult to get as there are many lenders in the market offering such loans. There are even online car loans and financial websites that the borrowers can exploit to get the loan that best suits their needs.

While taking new car loans, one has to be careful about the rates of interest as well as the repayment period of the loans that are offered. Loans can either be secured or unsecured. Secured car loans require that your property must be given as security. If however you do not want to put your property at the risk then it would be better to take up an unsecured loan. Even if you are a tenant or a student living in your parents house and do not have any property in your name, you can take up an unsecured loan.

Unsecured loans require slightly higher rates of interest as compared to secured loans as there is no security in unsecured loans and the lenders are afraid of losses. Secured loans are secured against property and so the risk here is lesser.

Before accepting a loan offer one must research and study the different rates of interest and the repayment periods. The combination of interest rate and repayment period that suits you best should be accepted. If the interest rates are low then it will be easier for you to repay the loans. If you manage to get the best combination then the loan will be a blessing to you and will help you buy your favorite car.



WILFORD

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New Car Finance: Buy your Dream-car, Explore New Destinations

Sunday, July 17th, 2005
New Car
John Marshall asked:


Buying a car is a dream come true for any person if he has been striving hard for it and trying to spare out money for it. With new car finance, the borrower will not have any problems relating to the finances required for his new car.

New car finance is available to borrowers who want to purchase a new car and are looking for a loan option that suits their needs. Any brand, make or model that the borrower wishes to buy can be financed with help of new car finance.

New car finance can be obtained as secured or unsecured. With the secured new car finance, an asset has to be placed as collateral for the finance. This collateral can be anything from a house to the same car that is being bought by the borrower. Pledging collateral helps in providing a low rate of interest. With unsecured new car finance however, no collateral is required to be pledged for the loan. The repayment term of the new car finance is 5-7 years.

Before taking up new car finance, the borrower is suggested to take up a few measures to ensure that he is making the best choices. They are:

• The borrower should decide about the car model and brand before applying for new car finance. This is suggested so that the borrower himself has a clear idea what amount he wants to borrow.

• The borrower should get the new car finance approved before he approaches the car dealer so that he does not change his decision under the influence of the car salesman.

• The borrower should avail the new car finance from a reputed finance company or lender.

• Before availing new car finance, the borrower is suggested to conduct a research online so that he can compare quotes from numerous lenders and choose the most suitable deal.

New car finance helps the borrowers in availing finance for a long-dreamed of car which they cannot buy on their own. It helps them in fulfilling their desires without any burden.



MALISSA

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