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03/24/2008 10:12:57 AM · #26 |
Originally posted by Prof_Fate: The issue with dealer financing is they'll talk payment only - nothing else. "What can you afford?" $350! They will get up to $380 I guarantee it.
"C'mon, you like the red one, right? Are you gonna let $12 a month stand between you and teh car you've always wanted?"
Now about the warranty. It's a smart thing to have the extended warranty. And it's only $3/month - you can afford $3 a month, can't you? That's not even one Starbucks!
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Unless you're getting a spectacular deal. i.e. 0% interest or something like that, you can almost always do better at financing through your bank or credit union. Do yourself a favor, get approved before you visit the dealer. That way, you know exactly what the terms will be and when they start to talk financing, you just steer them back to total price. Say something like, "Before we talk financing, I want to settle on a price."
As for the extended warranty, do yourself a favor and make Nancy Reagan proud; Just Say NO! I made the mistake of getting one once when I bought my first vehicle on my own. It added to the payment and it was impossible to make a claim on when I did need it since the terms required that a shop certified by the warranty company be used. Unfortunately for me, I bought the vehicle when I lived in Los Angeles and in the meantime, I had moved to Michigan. The nearest such shop was 300 miles away. Ever price getting a vehicle towed 300 miles? Not pretty.
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03/24/2008 10:29:13 AM · #27 |
Originally posted by Spazmo99:
As for the extended warranty, do yourself a favor and make Nancy Reagan proud; Just Say NO! I made the mistake of getting one once when I bought my first vehicle on my own. It added to the payment and it was impossible to make a claim on when I did need it since the terms required that a shop certified by the warranty company be used. Unfortunately for me, I bought the vehicle when I lived in Los Angeles and in the meantime, I had moved to Michigan. The nearest such shop was 300 miles away. Ever price getting a vehicle towed 300 miles? Not pretty. |
That's what almost got me. I signed up for this great deal and then went home and read the small print. (Oh, sure, everyone reads the fine print in the office, right?) Anyhow, discovering that it promised not very much and I had just paid a bunch, I wrote the certified letter required to tell them I would self-insure after all. Got a nice big refund of my money in the mail shortly thereafter.
California has a cooling off period for this type of transaction. Don't know if other states do. |
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03/24/2008 01:17:34 PM · #28 |
Do use common sense.
Don't buy ANYTHING you don't want on the car.......if they won't throw it in on a car on the lot, tell them to take it off.....if they don't/won't, walk.
Selling your used car is a nightmare to do privately.......every halfwit, unemployed drooler in the three county area with time on his hands will want to come drive it and then they know where you live.
Know what it's worth when you go to trade, and trade it.
Do NOT under any circumstances buy an aftermarket warranty, FACTORY WARRANTY ONLY.
You can generally add the extended factory warranty right up until the expiration of the base warranty.....you'll generally have a small deductible, but the aftermarket companies will weasel out of most annoyingly expensive repairs that are outside of the base driveline, regardless of that "Bumper to bumper" promise the sales associate made......they don't care, they make BIG money of those expensive aftermarket extended warranties.
DO remember that if you abuse a dealer too badly making your purchase, you may have repercussions if you ever take it back for service. Technically that's not supposed to be the case, but it's a fact of life. They ARE trying to make a living, and with teh competition afforded by the mass dealers, and the info available from buying services and/or the 'Net, it's hard to make a living in the car sales game.
HTH.........
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03/24/2008 03:59:12 PM · #29 |
This won't apply to you....but last summer, I went to the dealership considering my options.....My husband was with me, but Iwas buying a car. As I was leaving to go consider my options, the salesman stood up and shook my husbands hand, NOT MINE. I told him he "just lost the sale....no way in H#*L I'd buy from him...apparently you don't want my money?"
I went back on New Years Eve, and pointed out that I still refused to deal with that salesman....and the new salesman was tripping over himself dealing with me. got a sweet deal, great trade, and it was the last day of the year....who buys a new vehicle in upstate NY on NewYearEve??
Biggest advice, is to be informed....all the previous advice is great! |
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02/16/2013 05:57:09 AM · #30 |
When I bought my first car, I got a car loan and made payments. Besides paying the purchase price, I paid thousands of dollars in interest (this was back when interst rates were over 10%). Vowed to not waste money like that again, and I have never taken out another car loan since the first one. Here's the trick: once the initial car loan was paid off, I kept making the same payments to myself (into a savings account). It was pretty easy because I was already accustomed to not having access to that hunk of money each month. No need to get a newer car just because the loan was done. I just kept driving my car and paying myself.
When it finally made sense to shop for another car years later, I had saved enough to buy with cash. No dealer financing, no bank loan, no credit union loan, no interst payments to anyone but me. As others point out, many dealers make substantial income from their financing terms. So this can save a fair amount of money. Makes sense to negotiate price before telling them you don't need their financing. I also confirm that buying in the last two days of the year can result in substantial extra savings.
Wasn't able to save ahead for the first car in the series. But over the years I've continued this approach for all subsequent cars, making "payments" to myself in advance of need. Although interest rates are lower now, paying cash remains a predictable way to shrink the cost of buying a car. It puts you in the driver seat in more ways than one.
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02/16/2013 09:48:17 AM · #31 |
Originally posted by PrestonJ: If you are to buy a new car, check [DELETED]! :) This could help you find the very best vehicle at a fantastic price in your region. Every piece of info you will need is there so look no further. ;D |
Nice first post on a dead thread, Preston! I'll be sure to buy a car from you! ;-D
Message edited by Manic - please don't repost spam URLs. |
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02/16/2013 10:17:12 AM · #32 |
Originally posted by PrestonJ: If you are to buy a new car, check [DELETED]! :) This could help you find the very best vehicle at a fantastic price in your region. Every piece of info you will need is there so look no further. ;D |
Originally posted by Strikeslip: Nice first post on a dead thread, Preston! I'll be sure to buy a car from you! ;-D |
Yeah, what a goof!
Let's all take the recommendation of some guy nobody knows, about buying a car, on a photography site.
I'll drop him a line just as soon as I make those special arrangements with my new best friend, the Nigerian banker.
One thing that is more important than you know is to deal locally with a dealership that you feel/know will take car of you, and your car after the sale.
I just picked up my new Jetta yesterday from the dealer where I got my '11 Jetta. The '11 wasn't quite as well equipped as I had wanted, and I was blown out on my mileage for the lease to the tune of about $5500. I didn't even have to go over the possible steps to get me out of this problem......they simply sold me the '11 on paper, traded it in, and leased me a new one with the options I truly wanted, kept my payments reasonable, and off I went after ten minutes of paperwork. I handled 90% of it through e-mail. The dealership has been stellar taking care of my service needs, and They pretty much have my business for life.
Message edited by Manic - please don't repost spam URLs. |
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02/16/2013 10:35:06 AM · #33 |
Buying a car is fun, with the right help - or plan. I always play good cop bad cop or hot and cold. Not in a nasty way, but about buying the car. Be bipolar the entire time about how much you LOVE and don't like the price or are NOT SURE, up and down, up and down, and the price will keep going down. The trick is to command the exchange with the salesman, don't let them guide you to a price, YOU are in charge, they just hold the keys. If you don't like the price they arrive at after negotiations, DO NOT say *ok* and sign... walk out. More often than not they will come find you before you hit your car door with a new price. And if they don't, so what?
my .02
Nick
PS: FJ's are very nice. I was between those and Jeep Wrangler, I went with Jeep because of the great deals I got on a slightly used one that was all hooked up from the factory. I have been off-roading it like a sonuvagun with the top and doors off... It's soaked in mud in the garage right now. Glad I got one - LOVE.
Message edited by author 2013-02-16 10:39:12. |
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02/16/2013 01:56:05 PM · #34 |
The favorite line of the salesman is "what can I do to have you drive off the lot in this car?" This is the line you must defeat. If you buy the car the first time on the lot, you lose. If you get a price, and leave the lot you win. They try to get you to sign before you can compare prices, you try to wrestle a fixed price out of them that you can compare at home. |
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02/16/2013 02:20:36 PM · #35 |
find out how much you want to pay then email the GM. They will either accept or decline your price, no games, no sales tactics.
my suggestion is to research the price of cars, find that base price and subtract off dealer incentives, add a small markup fee to make it fair to them and do it at the end of the month when they are trying to hit sales incentives. |
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02/16/2013 05:49:49 PM · #36 |
If you're buying a new car, you may as well get some security cameras to watch over it.
I'd been finding butt prints on my car on a regular basis, and nasty odour as well.
After installing my security cameras, the mystery was solved.
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02/16/2013 06:57:14 PM · #37 |
Apparently you're unaware you have an identical twin? |
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