CarsDirect.com

Wednesday, May 14, 2008

The #1 All Time Top Car Buying Tip

Be Prepared! Well that's not so special you say. You're right it's not rocket science, but how do you prepare? I'll show you in just a second. First off I want to share with you some research I've done at the dealership I work for. I've tracked the last 75 deals that have been made here and found that prepared / educated buyer's (prepared in my opinion) paid over $3,100 less than the unprepared / uneducated buyer's.

If savings of $3,100 or more doesn't peak your interest, then I don't know what will. Keep in mind that car dealership sales people are professionals, and sell cars everyday; they are prepared and educated. On the other hand your average consumer certainly doesn't buy cars everyday and is therefore unprepared / uneducated. So a consumer walking into a car dealership unprepared to buy a car is at a huge disadvantage.

Here are some simple steps for you to prepare:

Start Shopping Online. Research car prices, print invoices and find the perfect vehicle for you. Get Free Price Quotes at Edmunds.com


Know Your Credit. Know your score and review your credit file. Clean up any inaccuracies and/or delinquent accounts. A high APR adds up to a lot of wasted money over the term of a loan. Go to Fico Scores/Reports to know your credit now!


Get Pre-Approved For Your Car Loan. Car Dealers make huge profits when they arrange financing. Pre-Approval gives you the power to "Buy Like A Cash Buyer." Good credit Click Here Middle of the road credit Click Here Bad Credit/No Credit Click Here they are all Fast, Free & Easy!

Know Insurance Costs. This gets a lot of people into trouble after the fact. They take on a new car payment and find out their insurance rates are also going to go up. Save money and get a FREE quote from AIGDirect.com by clicking HERE


Know A Car Dealerships Steps To The Sale. Read my 11 Steps To A Car Sale-They Hope!

Know Your Trade Ins Value. A dealership can under allow for your trade in and boost their profits. Check sites like Kelley Blue Book and NADA.

Know What Warranties Cost. Marking up warranty costs is a big profit center for car dealerships.
Click here to get a FREE, No Obligation, Extended Auto Warranty Quote in Less than a Minute!

Get All Promises In Writing. Don't accept verbal promises, more often than not you'll get burned.

Review Your Contract Carefully. Slow down and understand all the figures. Bring reading glasses, if you need them.

Compile Your Information. Bring a copy of your loan approval, invoice printouts, trade in values, and to really chap their hides, bring a financial calculator and use it when negotiating.

There are many car buying tips that will help you get a great deal when buying a new vehicle, these are some of the best and most successful ways I know of to prepare for your next vehicle purchase.

In the mean time...

Take care and beware,
J the Car Guy

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