New Car Buying Advice - How to Buy New and Used Cars
New Car Buying Advice:
1) How to buy New Cars Below Dealer Invoice Prices - Save Thousands without negotiating with a salesman.
2) Top 40 New Car Buying Tips - Must know tips to help you save money on your next new car.
3) 10 Car Buying Mistakes - Avoid doing these and you will have a headache free - hassle free car buying experience.
4) Top 6 Dealer Selling Systems - Designed to add sales pressure and confusion - these tatics can sting. Lear what they are and how to avoid them.
5) New Car Prices - Broken down by MSRP, Invoice Prices and True Dealer Cost. Learn the true cost a dealer pays for a vehicle can give you needed leverage when it comes time to buy.
New Car Lease Guide:
• How Leasing Works (part 2)
• Advantages of Leasing (part 3)
• Disadvantages of Leasing (part 4)
• Is Leasing Right For Me (part 5)
• Types of Leases (part 6)
• The Leasing Contract (part 7)
• The Art of the Lease Deal (part 8)
• After The Deal (part 9)
• Leasing Mistakes To Avoid (part 10)
Used Car Guides:
1) How to Buy Used Cars - Covers tips and buying advice on how to buy used cars.
Your Trade-in:
1) The complete guide to getting the most for your trade
Financing:
1) How important is your credit report and Credit Score when applying for an auto loan?
2) When low advertised interest rates yield higher cost of borrowing than traditional bank rates
Car Insurance Guides:
1) How to save on car insurance
2) Ten car insurance mistakes to avoid.
Learn How to Leverage the Top Online Car Buying Services to Save Money ..
5 Free Car Buying Services You Should Be Using.
Avoid Car Shopping Headaches & Hassles.
Bypass Most of the Negotiating.
Don't Waist Time Going From Dealer to Dealer.
Get the Bottom Line on Price Upfront.
Get the Car You Want at the Price You Want.
How To Negotiate A Great Price At The Dealership
Now is the perfect time to sharpen your negotiation skills. Knowing how to communicate with the dealership can save you a lot of money. Here are some important tips on how to negotiate a great price.
Definition of Invoice Offset
The price difference between the invoice and the dealer’s asking price is called the invoice offset. The offset can be either higher or lower than the factory invoice. By comparing the invoice to the dealer's asking price, you can estimate your potential savings. You certainly want to avoid overpaying. Always pay attention to the details.
Take a Close Look at Your Price Report
If you have printed out an online price report, be sure that it is the correct trim. For example, you could have your eyes on a new Ford Mustang. The price difference between the base V6 model and the base GT trim is more than $7,000. When you check out the actual car at the dealership, all of the listed features need to match the window sticker.
Stay Up to Date on the Latest Prices
A vehicle price report helps you to find out the vehicle’s true factory invoice. This means that you will have a great bargaining tool at your disposal. However, keep in mind that the price of a car may change from one week to the next. The vehicle price report must be up to date.
Be Reasonable When Negotiating
When negotiating a deal on a new ride, try to keep an open mind. Although your goal is to get the lowest price, you have to be reasonable. No dealership is going to give the vehicle away for free. They have to make a profit. If you feel that the dealer is being stubborn, simply walk away.
Get the Deal Printed Out
Even if you need some extra time to think about the deal, put it in writing. You will then know if the dealer falls back on their word. In general, shoppers will have at least a couple of days to make a final decision. Always keep track of every document.
Persistence is the Key
While the dealership may not initially meet your demands, they could eventually change their tone. You must display a great deal of persistence. This is especially true if the salesman knows that you are prepared to buy. They surely don’t want to lose your business to another dealership.
Learning how to negotiate a car deal is not very difficult. You just need to understand how the car business actual works. Paying attention to the numbers can help you to find a legitimate bargain. You hold the power during the negotiation process.
Before You Shop For Your Next New Car Be Sure You Know Your Credit Score
Whether you plan to finance your new car through the dealership or an outside bank, it is a good idea to know your credit score. Don’t wait until you arrive at the dealership to find out this important information. Here are the reasons why your credit score is so critical.
Banks Look at Your Credit Score
Before you can get approved for a car loan, the bank will first take a good look at your credit score. Banks and other financial institutions want to avoid taking any unnecessary risks. If a person has a poor credit history, the bank is far more likely to not approve them for a loan.
What is a Good Credit Score?
The higher your credit score, the better opportunity you have at getting a good financing rate. Typically, most people have a credit score between 300 and 900. If your current credit score happens to be above 700, you are in good shape. Even if you have a low credit score, there are ways to overcome this obstacle.
Risk of Getting Higher Interest Rates
Unsurprisingly, a low credit score puts you at a somewhat disadvantage. After the dealership approves you for financing, the salesperson will explain the financing rates. Sky-high interest rates can cost you a lot of extra money in the long run. Avoid agreeing to pay a monthly payment that will put you in a tight situation.
How Can You Overcome a Low Credit Score?
In the event that you have a low credit score, you must take advantage of the available discounts. At various times of the year, most car dealerships offer special deals. The automaker may even decide to offer loan incentives and rebates. Don’t hesitate to check out the deals being offered by other dealerships and car manufacturers.
Save Time and Effort by Getting a Credit Report
Before you even begin to shop for a new ride, you should get a credit report. This will help you to avoid looking a car that is entirely too expensive. You can easily find out your score by visiting a credit report website. While some of these credit reports are free, there are others that require a small fee.
Other Options
You always have the option of waiting to buy a vehicle at a later date. You can gradually raise your credit score over time. If you have saved up a large sum of money, you can also purchase the vehicle in cash. However, keep in mind that paying cash does not guarantee you a better price.
Be sure to find out your credit score as soon as possible. You can do a lot of the work before you even leave home.
Buying Vs Leasing
When shopping for a new ride, you can either buy the vehicle or lease it from a dealership. There are certainly pros and cons to both of these options. Here are some facts to help you make the best decision.
Leasing Offers Lower Monthly Payments
If you love the thought of paying less money per month, a leased vehicle could be a great option. Not only are the monthly payments less expensive, but you can also avoid paying a large down payment. Furthermore, you benefit from lower repair costs. The factory warranty actually covers most of the potential repairs.
Leasing Allows You to Drive a New Vehicle
After your leasing period is over in about three years, you can upgrade to a brand new car. This is a major advantage for some car shoppers. While a lot of people choose to stick with the same model, you also have the ability to select a completely different car.
Buying a Vehicle Gives You More Freedom
If you do a lot of traveling, your best option is to buy the vehicle. Leasing a vehicle means that you can only travel a limited number of miles per year. If you happen to go over the mileage limit, you will be forced to pay an expensive penalty. You are definitely not allowed to make any modifications to a leased vehicle.
Be Careful About the Potential Wear-and-Tear Charges
Leasing can be a very straightforward process. However, you must be extremely careful. Upon returning the vehicle, the dealership’s service team will inspect the vehicle. If they notice any damage or excessive wear, you could be charged a lot of extra money. This could be a big concern for some drivers.
Buying a Vehicle Gives You Ownership
For some people, there is nothing more rewarding than owning a vehicle. Unlike leasing a vehicle, buying a vehicle gives you complete ownership. You can even customize the car to match your personal taste. Whether you decide to install aftermarket wheels or install a high-performance exhaust, you have total control.
Leasing Allows You to Avoid a Costly Loan
When buying a new ride, the majority of drivers finance their purchase through a bank. However, there are interest payments that come along with a large loan. Over the course of five years, the interest can add up to a lot of extra money. Leasing allows car shoppers to avoid this possible financial burden.
You must decide which option best suits your lifestyle and financial status. While leasing offers lower monthly payments, buying the car gives you more freedom. Sit back and consider all of the most important factors.
