| Car Buying Tips |
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| Topic Shorts www.tripple-d.com |
Useful Car Buying Tips:
Go in Informed
Use the internet to research cars before you visit retailers. Check out
dealer invoice pricing and the prices people are asking for specific models
in cars.com's Research section. To find comparisons on a car you
currently own and want to trade for a new one, consult Kelley Blue Book
used-car values. If buying used there are a number of auto trader type
websites where you can look for values on vehicles you are considering.
The Salesperson Is Never Your Friend
Remember: The salesperson is there to make money; he's not there to be
your friend. Even if he's your uncle, your cousin or the guy next door,
never lose sight that, first and foremost, he's looking out for his
commission. You need to be aware of your own financial interest,
because he won't.
Go in Informed
Use the internet to research cars before you visit retailers. Check out
dealer invoice pricing and the prices people are asking for specific models
in cars.com's Research section. To find comparisons on a car you
currently own and want to trade for a new one, consult Kelley Blue Book
used-car values. If buying used there are a number of auto trader type
websites where you can look for values on vehicles you are considering.
The Salesperson Is Never Your Friend
Remember: The salesperson is there to make money; he's not there to be
your friend. Even if he's your uncle, your cousin or the guy next door,
never lose sight that, first and foremost, he's looking out for his
commission. You need to be aware of your own financial interest,
because he won't.
Don't Forget About Maintenance & Service Costs
Consider the cost of ownership when selecting a vehicle. How much are annual maintenance costs? Those killer wheels and tires
look great now, but will you have to get a second mortgage to replace the original tires a few years down the road? In most cases, a
lower-quality tire drastically changes the performance of the vehicle. Sometimes import or foreign vehicles have higher service and
maintenance costs.
Buying Versus Leasing
Before you start car shopping, firmly decide whether you're going to buy or lease. Many people believe that leasing is little more than
renting a car with a mileage cap. It's also misleading to think leasing does nothing more than allow a driver to use an expensive car
rather than one for which they qualify. In many cases leasing is little more then financing the vehicle as you will stil be held
responsible for the residual value of the vehicle.
If you decide to buy a car, then the day will come when you no longer have payments. Buying a car also builds equity, which goes a
long way when it's time to purchase your next vehicle.
Take Your Time
Don't let the salesperson convince you to take the vehicle home while he's getting you approved. Do not buy into the lie that it won't
last if you don't buy it now. It largely eliminates your negotiating power. The best thing to do when considering a vehicle purchase is
go home and think about it for at least 24 hours. Bounce the idea off your friends and relatives, recheck all your source materials.
Avoid Impulse Buying
At all costs, avoid impulse buying when purchasing a vehicle. Never let the salesperson know just how much you desire a specific
vehicle. That knowledge puts the entire sales process in his court.
Consider the cost of ownership when selecting a vehicle. How much are annual maintenance costs? Those killer wheels and tires
look great now, but will you have to get a second mortgage to replace the original tires a few years down the road? In most cases, a
lower-quality tire drastically changes the performance of the vehicle. Sometimes import or foreign vehicles have higher service and
maintenance costs.
Buying Versus Leasing
Before you start car shopping, firmly decide whether you're going to buy or lease. Many people believe that leasing is little more than
renting a car with a mileage cap. It's also misleading to think leasing does nothing more than allow a driver to use an expensive car
rather than one for which they qualify. In many cases leasing is little more then financing the vehicle as you will stil be held
responsible for the residual value of the vehicle.
If you decide to buy a car, then the day will come when you no longer have payments. Buying a car also builds equity, which goes a
long way when it's time to purchase your next vehicle.
Take Your Time
Don't let the salesperson convince you to take the vehicle home while he's getting you approved. Do not buy into the lie that it won't
last if you don't buy it now. It largely eliminates your negotiating power. The best thing to do when considering a vehicle purchase is
go home and think about it for at least 24 hours. Bounce the idea off your friends and relatives, recheck all your source materials.
Avoid Impulse Buying
At all costs, avoid impulse buying when purchasing a vehicle. Never let the salesperson know just how much you desire a specific
vehicle. That knowledge puts the entire sales process in his court.
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