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3. The Test Drive
We all enjoy a good test drive and look forward to it. Although it is essential to test drive a car before you buy it, remember to not show your absolute love for
car to
salesperson. Their goal is to get you emotionally attached to
car, so it becomes a must have for you. I have learned it
hard way.
To hide your emotional tears from
salesperson, mention
features of a competing car in
same class, like
new shape, light, leg room, resale value etc. This will make
salesperson a little vulnerable.
4. Monthly Payments
This one is to confuse you. Dealers will start talking about monthly payments rather than
total price of
car. They will start by asking how much you are willing to pay per month and how much of a down payment you are willing to pay. Since people don’t want to look like they cannot afford a certain car, they will usually give a higher number. Big Mistake!
You have left little room for negotiation when this happens. Always steer
conversation to
total price of
car and do NOT mention any trade-ins at this point. Only after
total price of
vehicle is completely negotiated then talk about interest, monthly payment and trade-ins.
General Rule;
As a general rule, remember to only focus and negotiate on
Total Price of
vehicle. Everything else is pretty much
car dealer’s trough.
If
above new car buying tips seem like a lot of hassle, yet you still want to get
best price in town, there are some websites that do this for you. http://www.AutoAuctionBids.com for example is a great website for this because you can collect price quotes from multiple local dealers for a particular car as well as its competing car models (like Honda Accord, Toyota Camry and Ford Taurus) and compare them.
The website then allows you to send back
lowest quotes received for each car make to all participating dealers in your area through
website itself.
Dealers view this price and continue to submit new lower prices over a 3 day period. By putting local car dealers in such a price competition allows you to avoid
dreadful face to face negotiation and yet gets you
lowest price in town for up to 3 competing car makes.
The best part about AutoAuctionBids.com is that it is absolutely free for you and there is no obligation to buy after
new car auction is over.
