10 Tips for Getting a Good Deal When You Buy a Car
Robert C. Beiro
1. Purchasing a car online is becoming a great way to get a new car. Just wait for good rebates and incentives online and shop around. Print out your information from the best quotes and bring it to the dealer that you are most willing to work with. Bringing in lower quotes from another company might be your best bet in getting a good deal.
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. You should purchase your new car at or around Christmas time because with everybody buying their Christmas presents, not many of them are looking to buy a new car, and it forces dealerships to up their sales strategies. Salesmen are more willing to haggle down to your prices to close the deal.
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. You should never buy a car when you are in desperate need for one because a dealer will see that and take advantage. You should never wait until an old car is dead before searching for a new one because you should give yourself time to shop around for one and get the best deal possible. Desperation often clouds your judgment
6. Bring your credit score report when going to the dealer to buy a car. It can help you get better rates on car loans.
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. Dealers may also ask you to re -sign finance papers, claiming that they have found you a better rate. Do not beleive them. It is an attempt to get your financial information. This gives them bargaining power. Get your credit report from equifax. It's cost about $15, and could save you thousands.
9. Avoid trading in your vehicle if you still owe money on it. It is unlikely that dealers will pay the remaining money on time, so you could end up paying late fees to your lender. If you must trade it in then get a letter from the dealer stating that they will pay the balance within 10 days.
10. Sometimes a dealership may not have all of your options and must order the car directly from the dealership. If this happens they will often ask you to pay $500-$1000 for a deposit on the car. Try not to pay more than $500 and be sure to pay with a credit card because sometimes the dealership will tell you that there was a price increase on the vehicle and will want more money. If you pay with a credit card you have room to dispute the amount being taken from you. If you pay by check, you can just consider the money gone.
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