Choosing A Car
How much can you afford to spend?
Determine the costs and price you can pay.
You may already be dreaming of a model that has caught your eye. Or of features that will make your driving more pleasurable. But first you must face reality. The first step in buying a car should be to estimate what price range you can afford.
To do this, you need two pieces of information:
Down payment How much money can you pay up front in cash, with a trade-in, or both?
Monthly payment If you plan to borrow money, what is the maximum payment you can afford every month?...More
At The Dealership
Perform an initial inspection
When you arrive at a dealership and greet the salesperson, make it clear up front that you are there only to inspect and test drive the car(s) in which you're interested, and that you will not be making any buying decisions that day. This will help keep things simple and allow you to better concentrate on comparing cars.
Throughout the visit, resist any attempts by the salesperson to lure you into making a buying decision or talking about a deal.
Despite a sense of urgency the salesperson may try to create ("We have a great deal that's only good for today" or "I've got another customer coming to look at this exact vehicle later today"), simply repeat that you'll make your decision only after test-driving all the cars that you're considering.
Being polite but firm with this message can help lessen the sales pressure. And don't get sidetracked by an ambitious salesperson who is trying to move some other model. Stay focused on what you want to do...More
Car Pricing
Set a target price
Your target price is the price you can reasonably hope to attain through negotiating. When you walk into a showroom, you'll see a window sticker on every new car. It contains the MSRP, including the cost of options and the destination (delivery) charge.
Typically, you will be able to negotiate a lower price with little resistance. But don't even use the sticker price as your starting point. For example, dealer advertising might tout a promotional price like "$1,000 below the MSRP."
Unless the vehicle is in big demand and short supply, you should be able to pay even less than that by doing some homework before you visit the dealership.
Your target price will be a number between what the dealership paid the manufacturer for the car and the figure that appears on the window sticker. By knowing the dealer's cost, you'll know how much profit margin he or she has to work with.
Your goal, then, is to get him or her to accept the slimmest possible profit. As a buyer, you have more power than you might think...More
Trading in Your Car
Trading in: Less effort and money
Many buyers prefer to trade in their current vehicle because it's easy. All you have to do is drive to a dealership, sign a few papers, and drive away in a different vehicle. You can apply the trade-in amount to your down payment, reducing the amount you need to finance.
There can be tax advantages, too. Most states require that sales tax be paid only on the difference between the price of your trade-in and the vehicle you are buying, not the full price of the car you bought.
However, this tax benefit does not apply if you sell your old vehicle yourself. Check with the Department of Motor Vehicles in your state for details...More
More Sites ar Buying Tips
http://www.insider-car-buying-tips.com/
http://carbuying.tipcentral.net/
http://carbuyingtips.com
