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Tips to Buy and Sell Your Auto
Looking to buy and
sell an auto? We have put together this comprehensive
list to assist you in making an educated decision about buying a
new or used car. To get the maximum benefit from this list we
recommend obtaining information from all sources listed below.
The more you know, the more leverage you have at the bargaining
table.
For New Car Buyers:
First, do your homework! Learn
all you can about dealer tricks because they can quickly erase
any discounts or other savings that you think you're getting.
New car dealers spend millions of dollars training their sales
people to get more money out of customers, and if you don't
know the tricks they use, you could be over charged by thousands
of dollars. New car quotes
will vary from dealer to dealer, and the more info you can find out now, the better the deal you will end up with later. Find out the dealer's real cost
on the new car (it's typically less than invoice) and the
prices that smart shoppers are paying for that car, then research
any other items you might want (cheap auto loans, extended warranty contracts, car
alarms, stereo equipment
etc.).
Shop around for competitive auto loans
(or lease Free Quotes on Canadian
Lease Take Overs
and Get Free
Canadian Factory Rebate and Incentive programs rates at banks, credit unions and lenders on the Web.
When you find a great interest rate, get pre-approved at that
lender before you start negotiating with dealers. If a dealer can
beat the rate you found, let him finance the car -- on a
"simple interest" contract only. Otherwise, stick with
your pre-approved auto loan.
When your homework is done and you're ready to buy a new car, you
start the negotiating process -- where new car dealers quote
prices and you make counter-offers. If you've done your
homework properly, this process should result in less
haggling -- and lower prices. To make new car dealers compete
(and drive the price down), use the Internet to get at least 2
price quotes before you start negotiating with any dealers. When
you get to the contract stage, make sure the dealer doesn't
slip any hidden charges into your auto loan or auto lease. (This is known
as "payment packing.") To avoid this common rip-off,
calculate your own monthly payments first. Finally, always
negotiate the price of the new car, not the monthly payment.
Money Saving Resources, Free Quotes
TrustMyMechanic.com has searched the Web to find the BEST prices
on new car quotes and used car quotes, buying, selling and auto leasing resources.
These resources are listed below, along with direct links to
their sites before you buy car sell used car..
New Car Invoice Prices -- Free New Car Quotes.
Are you looking for a new car or truck?
Get free (no obligation) new car quotes from the following new and used
car buying services, then use those quotes to convince other
dealers to lower their prices. If the other dealers can't
beat the lowest Internet quote, you may have found the best
possible deal on that car.
Extended Auto Warranties/Auto Service
Contracts.
See my article warranty first. If you're shopping for
new or used cars, you can protect yourself against most major
auto repair bills by purchasing a good automotive extended warranty contract. But
don't pay those high dealership prices just to get a little
peace of mind! If you already bought new or
used cars without getting an extended warranty contract, you can still
purchase one as long as the vehicle is within certain mileage
limits. Vehicles that are still covered by the manufacturer's
original warranty usually qualify for new car rates; vehicles
with expired dealer warranties are all rated as used cars.
Used Cars History
Reports.
Don't buy any used car or truck
without checking its used car history first. Has it ever been salvaged?
Flooded? In a major accident? Odometer rolled back? Find out in
seconds when you order a free Carfax used car history report.
Personal Credit
Reports.
If you don't know what your credit
report looks like, get a copy of it before you apply for
financing. This will give you a chance to correct any mistakes
that may be in your credit file. Why is this important? Because
"blemishes" on your credit will prevent you from
getting the lowest possible interest rate on a auto loan. Never agree
to a higher interest rate at the dealer without checking your
credit report first to see if the higher rate is justified. (And
shop around for a better rate, of course.) You can get copies of
your credit report by clicking on , Is your
Personal Credit Report Accurate? . Is your
credit record protected from fraud and free of errors? Check your credit report
online.
Free
Used Car Check List
Auto Insurance Quotes and
More
Why check your insurance costs? If you are
purchasing a new car or a "new" type of vehicle than you
previously own (like an SUV) your insurance costs will likely go up.
This could be a deciding factor??
Other auto related articles:
Free Used car check list
Motor Oils Explained
Leasing secrets from an expert
Junk Yard Parts
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