Stalling the client. Now, why would the car salesperson stall his or her client?, you may ask why. Simple. The purpose of the stalling trick is to exhaust you. While you are sitting in the office with the ?free cup of coffee in a styrene mug? trying to decide whether or not the salesperson has offered you a good deal, it reduces the time available for to you to shop around for a better price. Remember these salespeople don't have anything else to do but convince you to buy this car here and now. Moreover, they know exactly how to do this with the help of the other salespeople and mechanics.
They might misplace the keys to the trade in or perhaps another client's car has blocked yours (?you'll have to wait for the return of the client?). Perhaps they will take excessive time to assess the trade-in. There is always a valuer on site at a dealership, and a valuation takes no more than 10 to 15 minutes. Before you know it, you're impatient, and you're willing to buy the first car you see in the showroom.
Car Dealer Tactic #10
The ?limited time' offer. If the dealer does give a price, (a most unusual and dicey thing for the car dealer to do) he will try to make you believe that it is only valid right now, while you are standing in the showroom. This is an obvious ploy to force you to make up your mind on the spot. The amazing thing about this con is the number of people that fall for it.
Car Dealer Tactic #11
The My-wife/husband-drives-one trick
Another classic trick designed to make the customer think the car is really exceptional is when the car dealer boasts, ?My wife/husband drives one?. Yes, the car salesperson has bought the same model for his own spouse. If it so happens that he or she really does drive this particular model, then it is most probably because the salesperson gets it as part of his/her salary package because they work for the car dealership. Not because there is anything really exceptional about the car model.
What you need to think about when buying a new or used car is that going online to find the make, model and all the information about the vehicle first is a smarter, and, you have to admit, less tiring way to buy a car.
OzFreeOnline.com is a site that will assist you in finding the motor car you want. This is a fascinating site because they have interesting articles, car reviews and even a forum where you can join in to talk about cars with like-minded people.
Springfield Used Car Dealers
You might think that the car dealer trusts you implicitly with the new car and by letting you take the car home overnight or to work for a day, the sales person is trying to get you to ?fall in love with the car?. Not very underhanded, perhaps, but considering the dealer will initiate this in some cases by asking for a trade-in assessment, you need to recognise that it's definitely a trick. A trade in assessment should take no more than about 10 minutes. A half hour at most.
Car Dealer Tactic #7
A dealer may give you a ?special deal? on cheap finance on the pretext that he has reached the ?limit? as to what he can do with the price. He will tell you ?the normal rate is a%? and then say, ?...but you can have it for b%? (slightly less). Unless you are aware of current interest rates, you can easily pay too high a rate. To avoid getting easily conned, compare with the dealers price and your bank. You will find a good rate of interest if you do some initial research.
Car Dealer Tactic #8
A small increase in the repayments quotes will equal a large increase in the total amount you will pay for your new car. Dealers use this to great advantage in order to divert focus from the total price paid.
If you are not vigilant, your dealer may offer you less than market value for your trade in. The idea here is to conceal the profit from the customer by lowering the allowance for the trade in. If it succeeds--and it usually does--the dealer can offer you an unrealistically low price for the new car.
Nowadays, the surefire way to buy a good new or used car without falling prey to car dealer tactics is to go online at the comfort of your own home. With thousands of classified ads out there, you are sure to find good comparisons of car prices, and models, and other car-buying tips. If the car dealer senses you're a pretty well-informed customer, then he or she is less likely to try a trick on you.
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2008 Economic Stimulus Rebate Lastly, although I dont advocate market timing, Id put new 401-K and IRA contributions into cash for the time being. Cash is king in times like these