In the United States there are 268,300 professional car salesmen, according to the Bureau of Labor Statistics.These professionals are selling that many cars each week, so its obvious that they know more than you about buying a car.Surely most salesmen want to get you into a car that you'll be happy to own . It's in their interest to make you as comfortable as possible with the buying experience so that you'll recommend them to your friends, and then come back yourself when it's time to trade in for a new vehicle. But that doesn't mean they're not in the business for the money. It's a car salesman's job to make as much profit on each sale as he can get away with.
1. Browse as if you have to intention of buying :
In a dealership, you shouldn't be looking to buy. Tell dealers that you're just looking and don't let them talk you into anything. Better yet, drop by on a day when the dealership is closed. You can roam around the lot and inspect the window stickers with no pressure whatsoever. Take notes on what you like, then return home and do some serious research.
2. Try to know the cost price of dealer :
There are plenty of sources which can give you an idea of cost price of the product. The price at which he had bought it will tell you what can you expect from that dealer.
3. Do the paperwork i.e. the budget, car loan if required etc :
Get the print of invoice price on the exact model you want with an itemized list of the options falling in your budget. Also, research any manufacturer incentives and rebates that apply to the car you're shopping for, and subtract those from the invoice price. If you are interested in financing, find out your credit score ahead of time; everyone is entitled to one free credit report each year from each of the three major credit reporting agencies. Also, shop a car loan by researching the rates at competing banks and local credit unions. Write down all the numbers and bring all the documents to the dealership. If the dealer can't match or beat those rates, tell him you'll finance the car another way. Since lot of banks are available for these purposes.
5. Forget about leasing :
Dealers try to push leasing because it is so profitable for them, but leasing is almost always a bad idea. In a lease, you are simply renting the vehicle for a set period of time. Once that term expires, you must return the vehicle to the dealership with nothing to show for your years of payments.
6. Car Insurance :
After you buy your desired car, the most important is auto insurance. How much you pay for auto insurance depends on several factors, including your age and marital status, where you live, and what you drive. You can't do anything about your age, and few people will move just to lower their insurance premium. If you are buying a single insurance policy covering a specific vehicle, a number of components make up the final cost.
Example :
bodily injured liability, property damage liability, medical payments etc.
1. Browse as if you have to intention of buying :
In a dealership, you shouldn't be looking to buy. Tell dealers that you're just looking and don't let them talk you into anything. Better yet, drop by on a day when the dealership is closed. You can roam around the lot and inspect the window stickers with no pressure whatsoever. Take notes on what you like, then return home and do some serious research.
2. Try to know the cost price of dealer :
There are plenty of sources which can give you an idea of cost price of the product. The price at which he had bought it will tell you what can you expect from that dealer.
3. Do the paperwork i.e. the budget, car loan if required etc :
Get the print of invoice price on the exact model you want with an itemized list of the options falling in your budget. Also, research any manufacturer incentives and rebates that apply to the car you're shopping for, and subtract those from the invoice price. If you are interested in financing, find out your credit score ahead of time; everyone is entitled to one free credit report each year from each of the three major credit reporting agencies. Also, shop a car loan by researching the rates at competing banks and local credit unions. Write down all the numbers and bring all the documents to the dealership. If the dealer can't match or beat those rates, tell him you'll finance the car another way. Since lot of banks are available for these purposes.
5. Forget about leasing :
Dealers try to push leasing because it is so profitable for them, but leasing is almost always a bad idea. In a lease, you are simply renting the vehicle for a set period of time. Once that term expires, you must return the vehicle to the dealership with nothing to show for your years of payments.
6. Car Insurance :
After you buy your desired car, the most important is auto insurance. How much you pay for auto insurance depends on several factors, including your age and marital status, where you live, and what you drive. You can't do anything about your age, and few people will move just to lower their insurance premium. If you are buying a single insurance policy covering a specific vehicle, a number of components make up the final cost.
Example :
bodily injured liability, property damage liability, medical payments etc.
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