Don’t Buy A Car Until You Read My Top 10 Tips
May 16, 2008 – 4:23 amThe internet is a great tool for searching for a car to buy. Your can research from the comfort of your home and collect as much information as possible. Print off any low quotes so that you can take them to the dealers and use them as a bargaining tool.
2. You should visit FightingChance.com if you are hoping to find new car prices, dealer incentives, and the best rebate offers. This site is the first place that you should go for great advice on buying a car. It’s even more informative than the Kelley Blue book. This program for buying new cars can literally save you thousands of dollars.
3. One of the best times of year to buy a car is Christmas. Most people are busy buying gifts which means they are not wanting to paurchase a new car. Dealers are more likley to give larger discount as a way to maintain sales figures.
4. Between July and October is another great period to purchase a car. Dealerships are trying to get rid of older stock quickly so that they have space for the new models that are released.
5. Avoid being desperate to buy a vehicle. Dealers can smell desperation a mile off and will try to take advantage of the situation. Start searching for a new car before the one you have gives up the ghost. This way you still have transport while your are looking for the best deal possible.
6. Make sure you have a copy of your credit report when you visit the dealer. You can use this to get more favourable rates on a car loan.
7. Some dealers try to give higher rates claiming your score is worse than it really is. This is a common scam and another reason to bring your report with you.
8. Another scam attempted by the dodgy dealerships is to try to get you re-sign your loan papers, saying that they require it to get you a better rate. Don’t fall for this. They are just trying to get your finacial information so that they are in the driving seat when it comes to negotiating a deal. A quick visit to Equifax.com to get your credit report cost only $15 and can save you thousands.
9. Don’t bring in a car for trade in if you still owe money on it. The dealership rarely pays the rest of the loan on time which will result in you having to pay a great deal of late fees to the bank. If you do decide to bring a car in that you owe money on, get it in writing from the dealership that they will pay the balance on the car within 10 days.
10. Dealers may not have the exact model with the optional extras you want and may have to order it in for you. They will ask for a deposit payment, usually between $500 and $1000. Avoid paying more than $500 and use your credit card to make the payment. This covers you should the be any unexpected ‘price increase’ and will give you room to dispute it.
Tags: Cars
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