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Wednesday, October 22, 2008

Did you know how to get a good price when you buy a car?


I received a question the other day about how to buy a car and get a good price.

So Sandy ask me "How can she get a good price when she buys a car"? So because I used to sell car I will share a few things for the common buyer to know

Did you know that when a car sits on a car lot longer than a month that the dealership has to pay interest on that unit until it is sold?

Did you know that a smaller dealership is less likely to haggle on price.

Did you know that the more elite the car the less likely they will be willing to negotiating the price.

Did you know that a dealership that does a lot of advertising are more willing to work with you as far negotiating a price.

Did you know when dealerships advertise to sell a car at a great price, that they are trying to move that car?

Did you know what every car dealership has a Pack? A pack is what a dealership figures as a added cost to fix minor problems on a car.

Did you know that the price the dealership paid for the car is added with the pack.The price of the car + pack = total price.

Did you know that the Total Price is what most dealership will sell a car for, although if you are really set on your price negotiate to not pay the pack...

Did you know when you purchase a brand new car you loose 25% of what you paid for the car?

Did you know that if you purchased a brand new car drove it off the lot and came back the next day and tried to sell the car you paid $30,000 dollars for that the dealership would offer you about $22,000 dollars for that same car?

Did you know that you can buy a pre-owned car with 5 to 10,000 miles, can save you as much as 8 to 10,000 off the retail price.

Did you know that the absolute best time to buy a car is when the new models are coming out, that is September /October.

What do I need to know when I am ready to buy?

Did you know that you should always do your homework before buying any car... Know the value of your car and the value of the car you interested in. That way they don't steal your trade.

Did you know that stealing a trade is when the dealership offers you less money for your trade, than its actually worth!

Did you know that you should always have a car fax done on any car that you buy?

Did you know that if you buy a car "as is" you are still protected by the Lemon Law?

Did you know to never discuss the trade-in until after you have agreed on a purchase price. Also keep in mind that you may receive more money selling your present car privately than by trading it in.

Did you know to always test drive the car. Make sure you test it on hills, highways, and stop-and-go traffic. Check out its heating, defrosting and air conditioning systems and make sure all electronic features are working well.

Did you know to not sign any agreement with blank spaces. Make sure all items are filled in correctly and that you receive copies of the paperwork.

Did you know that you should always get all agreements for fixing things something broke in writing, without that its your word against theirs!

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