These tips for buying a car would have come in handy to that friend. Do you know the one that bragged to you about the great deal he got on his new car? Chances are, they laughed at him all the way to the bank once he drive away!
Car dealers have so many tricks up their sleeve, and they are all designed to get you to buy a car at an unreasonable price.
Daily sales meetings are designed to play word games, to confuse you, an to get you to buy the car before you have a chance to think about it! They do not want you to leave the lot, because they know that if you get home and do the numbers, you'll see how much money you're losing!
Today I have three tips for buying a car, that can help you to gain the upper hand with car salesmen!
Tip 1 – Watch the Finance Charge – You could work a car dealer over left and right, getting top dollar for your trade-in and getting the car at a cheap price. Then in the finance room, they can charge you 2-3 percent above what you would get at your bank! Do not let this happen. You do NOT have to get financed at the car dealership.
Tip 2 – Do not "Hold Back the Trade" – You've probably had that friend or relative tell you to go into the dealership and do not let them know about the trade until the very end. Remember that these guys were not born yesterday. They know that's what you're planning to do, and they have a plan to make you pay for it! Be up front from the beginning and know how much you want for your trade and what you'll pay for their car.
Tip 3 – Shop Around – This looks like a pretty basic tip, but the number 1 rule for a car salesman is to keep you from getting off of the car lot. If you are determined to shop around and never buy on the first visit, than you will keep yourself from making an emotional decision and driving off a couple of thousands dollars in the hole!
These tips for buying a car can save you a lot of money.
But there are many, many other tricks up their sleeves. Some people are so scared of haggling that they will go to "no-haggle" car lots and lose thousands and thousands of dollars buying ridiculously over-priced cars!
What you must remember is that car managers and salesman are constantly coming up with ways to get money out of you.
In this economy, they are selling less cars and are desperate. But this means that they are going to try and get the most out of every single customer! Be sure, that right now car lots are pulling out every trick in the book to get you in a new car at a price you should not be paying.