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Posts Tagged ‘car buying advice’

The Right Time To Buy a New Car

January 29th, 2010

Who doesn’t love getting a new car? Buying a new car can be exciting, but it can also be stressful. Car buying makes many people think about car dealer tricks and scams. This is basic and simple car buying advice, but it can protect you from car selling tricks and get you a better deal.

Believe it or not the actual day and time of month can influence the price you will pay for your new car. There are times when buying a new car can be more beneficial for the buyer. These times are when car dealers are most likely to give you a much better deal than other times. It has been said that during the week is the best time to buy a new car from the dealer. Almost every car dealer sells the bulk of their vehicles on the weekends and holidays. When a car lot is busy they seem to be very picky on what car deals they will make which are usually the most profitable. Pick a Wednesday to go buy your car and you will find that are much easier to deal with when they are slow.

Besides heading out to the car dealership on Wednesdays, going on the very last business day of the month is even better. The car sales business is based on quotas and numbers. Auto sales people earn a commission on the cars they sell, which is usually a percent of profit. They also get paid a bonus for selling certain numbers of cars on top of their commission. Pick the last business day of any month and you will find sales people selling cars at unheard of prices.

Similar to salesmen, sales managers also get paid according to a pay plan that rewards them for selling a certain amount of cars. It is not uncommon to hear of car dealers doing anything to sell a few more cars on the last day of the month. Very often the dealership will have contests and programs that will pay bonuses. Then at the end of the month everyone that you come into contact with will do whatever they can to sell a few more cars.

Don’t take this the wrong way, your car dealership is going to try and overcharge you no matter what day you visit. The end of the month will always be the best time to work with salesmen and sales managers. Most employees in the car business get a bonus based on their monthly sales volume. There are times that they will pass on the car buyer scams so sell a car and get their month end bonus. Just by altering when you go to the car dealer you can potentially save a bundle of money. It is a good idea to take a car buying checklist with you to the car dealer to cover all the car buying steps .

 

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Tips For Buying Your New Car

July 14th, 2009

Some tips for buying a new car without getting carried away by the excitement. It can be really enjoyable going to the car lot and sitting in the drivers seat of some of those shiny new models. The problem is that it is normally the salesman who is in control when it comes to negotiating the deal. It pays to be prepared.

After careful research, you will have an idea of what you can afford and the type of car you really need. You set out with that in mind but then you see the sparkling paintwork and chrome and …!

The salesman can sense prey. He has spotted what you really want and he's going to make sure that you get it. He'll convince you that the deal he can get you makes it affordable for you. As long as you buy today.

He'll have you sitting in a car that you hadn't planned on or at least make  some of the accessories and extras seem essential. With his great finance rate and the deal he can offer on servicing, it all seems amazingly affordable.

And you leave feeling pretty good, not even realising that you were on a treasure hunt. You have been led along a familiar path and at each turn, the salesman has added to his treasure chest, right from your pocket. He will not have missed an opportunity to increase his profit margin, because he was working his plan.

He is working to the dealers playbook of influencing techniques and psychological tricks to get you to buy now and not look too closely at the small print. Some of these are clever. Some are plain dirty.

The best tip for buying a new car is, don't, until you are fully prepared. It's too big a purchase to make a mistake on. Know what you want and your monthly budget and stick to it.

You have to go in with the proper mindset so that you won't be swayed by emotion. It's your hard earned cash and you decide, when and where you spend it. Practice thinking to yourself, "I can walk away". There are many car dealers and many deals. If you don't like the first one, there is always another one. The salesman is under pressure to get the deal signed. You aren't, in spite of what he would have you believe.

If the dealer is too pushy, try telling him that you are definitely going to buy a car, but it doesn't have to be now, and it doesn't have to be here. That should get him to back off. And then ask for a better deal! Ask about unadvertised offers and be sure he checks. I have saved around $700 on a special offer that the salesman didn't even know about.

A former auto industry insider, a man who knows all the dealers tricks, has just released a brand new guide. Read this car buying tips review, and learn how you can take the edge and get the best deal on your next new car.

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