Have you ever heard that you don't want to go to a car dealership? All though most of us hate to go to the car dealerships to purchase a car we often find ourselves ending up at one. For the most part we feel we are getting a better deal than going to some person we don't know or an auction where we can't test drive the vehicle. There are many tips that can help you get through the car buying process with a car dealer that you may feel help you the next time you purchase a new or used car.
- When purchasing from a dealer you have to know about the car. In other words do your research. Go to the National Highway Traffic Safety Administration and learn the facts about the car. Is the car going to be road safe? What might the dealer not want to tell you about that particular car in order to make a sale? - You will also want to check out Kelly Blue Book or some other consumer report where you will learn the retail value, the used retail value from a car dealership or private sale, and what the car is really worth. The details that are given are based on the condition, amenities that come with the car, and the year of the vehicle. Armed with this data you have a better negotiation stand with the car dealership. - You also want to know where you stand on your FICO credit scores. Not everyone is honest when it comes to these numbers. To make a sale they may tell you your numbers are low. If you have the scores in front of you, you can make a stand and ask to see where they pulled their numbers. A car dealership also uses a risk number that is determined by more than just the FICO score. This number will tell them the likelihood of your not making payments regarding a loan or getting into an accident. Your credit scores are going to be important to the negotiations as well. - You should also ask to see the carfax report. Carfax is a report put out on your vehicle vin number. In other words the maintenance schedule, accident reports, and other things that a vehicle may go through are reported to carfax and available to consumers. In fact you can find out how many previous owners there were for the used car you are interested in. The dealership must show you this paper if you ask for it. It is another line of defense to make sure the dealership is being honest about the cars mechanical state. - Don't buy into the salesman line. They have several different sentences that are supposed to pressure you into taking the sale right then, such as 'This is such a hot deal you know it won't be here tomorrow, or I have five other people interested in this car'. There are many lines and you should establish that you are in control during the negotiations not the salesperson.
Before going down to the nearest car dealer to buy your new car it pays to find out whether there are in fact any better options that can help you get a better deal. The simplest car buying advice for you is that if you buy from a dealer you would end up having to pay the complete dealer price while also having to make do with fewer extras that are often only added to the deal to entice you to buy the car from the dealer.
What's The Value After Two Years?
It also pays to heed simple car buying advice in regard to how much value will remain after having used your car for just two years. In most cases, a two year old car will depreciate by about forty percent of the value of the new model. What's more, if the car is about five years old it will have depreciated by sixty-five percent (approximately.) So, the best car buying advice is to think about how you can avoid having to lose value on account of such depreciation.
Many experts actually advice that is far better to go in for a car that is already between three and five years old as this ensures that you do not lose that forty ? sixty-five percent by way of depreciation because the value at which you buy the car will already be that forty to sixty-five percent lower than the new value. This means that sound car buying advice demands that you shop only for a used car and not a new one.
Another piece of excellent car buying advice is that it pays to visit car auctions for the purchase of your new vehicle. In fact, with online car auctions also a reality you don't even need to leave the comfort of your home to buy a car. These car auctions work in a simple manner and involve the selling of repossessed vehicles, ex government vehicles and dealers wishing to get rid of their old stock.
Such an option provides you with a great way of picking up a good vehicle for a lower cost. Furthermore, the people that offer such expert car buying advice will show you that when you visit a dealer and buy a car from them you will have to pay the dealership price; on the other hand, when shopping for your vehicle from a car auction you get to pay wholesale prices which means that you get to save considerable sums of money.
You can search for car auctions over the internet or you can head to local car auctions and look for a bargain purchase. The best part about taking this car buying advice is that when you purchase your vehicle from a car auction you get guarantees against any kind of misrepresentation which means that in case you bought your car from an online car auction and after it was shipped and delivered to you and you inspected and found the vehicle to be not the same as was advertised you are entitled to get a complete refund.
This same facility is also available at local vehicle auctions which mean that you are allowed to take the vehicle for a test drive only after having won the bid. In case, you are dissatisfied with the performance of the car you can retract your bid and get a refund.
The bottom line to taking such car buying advice is that you can use these methods to buy a cheap vehicle and avoid the problem of losing value on your car on account of depreciation. It only requires that you research the different sources so that you get more variety of options and so can affect even more savings in money.
Both Mark Robinson & Rolf Joho are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Mark Robinson has sinced written about articles on various topics from Auto Insurance, Insurance Brokers and Auto Insurance. Mark Robinson writes for Auto-Loans.GuideFin.com. Visit his website for information about .. Mark Robinson's top article generates over 165000 views. to your Favourites.
Rolf Joho has sinced written about articles on various topics from Alcohol Treatment, Acne Treatment and Home Based Business. Rolf Joho is owner of and writes on a variety of subjects. For more Car Buying Advice visit:. Rolf Joho's top article generates over 201000 views. to your Favourites.