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How Not to Get Ripped Off When You Buy a New Car

Before you start looking for a new car in the near or distant future, be sure to review this must-read piece from Autoblog about the "four-square" selling game many salespeople play with their victims/customers.

The car-buying game of four-square is pretty simple.

The salesperson works off a simple worksheet that lists your trade-in vehicle and its value, down payment, price of the new car and monthly payment that enables him or her to generate more profit, a smart assumption your emotions will override your good common sense at the dealership.

This story also lists many smart tips you can use so you can be prepared to save money on your next car purchase. A few to get you started:

  • The only haggling at the dealership should be confined to new car pricing.
  • Set up your credit before going to the dealership.
  • Bring paper and calculator so you can "do the math" for yourself.
  • Consider selling your trade-in vehicle on your own before automatically trading it in on a newer one.

Autoblog April 2, 2007


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Article's Comment     ( 7 Comments )
 
 
 +5 Points           
 
Author of the Article
BY nanciesweb   
  
[ Joined on 06/06 ]
[ Posted on April 03, 2007 ]
Post Reply
We bought both of our vehicles only slightly used.  Both still had the warranty.  Both we saved a few thousand dollars over "brand-new".  Both were in "brand-new" condition.  One is now paid off, the other we have one more year of payments on.

Although, one thing you have to consider do you REALLY need a new vehicle?  We decided against trading in our paid-off truck for a newer one because it is cheaper to spend up to 4000/year on maintaining it than it would be to make payments on a new one.  When it costs more per year to maintain it, then we will buy a new one.

Personally, I think too many people jump too quickly into the decision of buying a car just because the newness of the older one has worn off.

 
 +4 Points           
 
Author of the Article
BY nitrotjj   
  
[ Joined on 09/06 ]
[ Posted on April 03, 2007 ]
Post Reply
This post was deleted because it violated our Terms Of Use :
Abuse, harass, humiliate, deceive, threaten, impersonate, intimidate or engage in any other abusive behaviors with those who comment on Mercola.com.
 

            
 
Author of the Article
BY DC4health   
  
[ Joined on 04/07 ]
Author of the Article [ Posted on April 24, 2007 ]
 
I have had great luck with http://www.fightingchance.com/

They give you everything you need to get the best price prior to stepping onto a car lot. Dealers actually fight for your business. It is unlike anything else.

 
 +1 Points           
 
Author of the Article
BY Russ Bianchi   
  
[ Joined on 09/06 ]
[ Posted on April 03, 2007 ]
Post Reply
Also, consider buying a limited, or extended, warrantied car, off a business lease, with low mileage on that car, and eliminate the massive depreciation of your hard earned capital in a 'new' car.

Remember, it's a massive BUYERS market right now, with the world producing far too many cars, and trying to compete in a finite market in the USA.

You as the consumer, for very little homework, can drive home a really good bargain, if you try.

 
            
 
Author of the Article
BY amercomp   
  
[ Joined on 01/07 ]
[ Posted on April 23, 2007 ]
Post Reply
Go to www.beat-the.com and select Car Buyers School.  Doing this saved me thousands of dollars on my last truck purchase.  I had more fun beating the entire dealership at their own game.  The finance manager stormed out of his office and left for the day once the paper work was done.  I was never rude and I was always professional.  I can't wait until my next auto purchase so I can abuse another dealership.

 
 -2 Points           
 
Author of the Article
BY GRAYWOLF   
  
[ Joined on 06/06 ]