If you check the
price of your car online and the price is really good or much lower
than what you saw at the car dealer, where do you suppose you should
purchase the car from? We get emails from our visitors quite a bit
asking if buying a vehicle online is OK. You never had to leave your
home. All of the sites mentioned below don't force wasted extras down
your throat, and the paperwork is done in 20 - 30 minutes.
Should You Buy A
Car For Cash Or Finance It? Some people say "why spend $20 grand
in cash when you can invest it and make a decent return on your
money. As we all know this is easier said than done. No one can
guarantee you'll make money investing especially due the the recent
changes in the market. See Dealer
Buy Rate Scams!
Of course most
cars are not considered an investment, so stop obsessing over the
loss. However we subscribe to the other point of view that you can't
put a price on not having a payment.
Your Game Plan
This is your game
plan for your new car. Deviate from our advice at each step, and
you'll lose, guaranteed. You're going to get purchase quotes from
sites like StoneAge.
When people email us with the amount of money they have saved by
using our advice we are pleased because you see, I am a former
automobile sales manager who used to "burn" customers like
you everyday. Your Steps To saving Money On A New Car are: 1)
Create a budget, obtain your credit report, get your financing in
order. 2) Use free internet sites for dealer
cost, car reviews, and price
your trade-in. 3) Visit StoneAge
to check base prices and options pricing of your car. 4) Take
the info home, continue researching
to determine the dealer's cost. 5) Go to the dealer to negotiate
your offer. 6) Close the deal, avoid dealer extras.
Don't wait until
your old beater is ready to die before going to buy your new car. It
will easily take 2-3 months to shop, compare, get financing, and buy
a car. If your car is dying, you'll be forced into making a decision
which will be entirely based on emotion and signing deals you
normally would never have considered. Never let a dealer know you are
desperate even if that's the case. Don't dump money into fixing up a
clunker, take the loss and use the cash towards the new car. Use
our free purchase / lease analysis program!
By The Way, How's
Your Credit History?
You MUST
have a copy of your credit
report. Show up at a dealer before reviewing your credit
report, and you might as well just give them your checkbook. A car
dealer should never know more about your credit than you do, and
besides, you might find an error in your report preventing you from
getting a loan. Then the dealer calls 2 weeks after the sale to say
"financing fell through, we need more cash", and they blame
some black mark on your credit history (I have personally witnessed
this happening hundreds of times). They already planned this scam
when you bought the car and they printed your credit report. Most
places should get your report for $8. A good place to get your credit
report online is Free
Credit Report. They are strict about security so if you type
your data incorrectly, you won't be able to get it instantly, they'll
mail it to you a week later. They give you a thorough credit
report. We send all our friends and family there, it's so
easy to use. Be sure to do that first, most people don't even know
what's on their credit report, or have never seen it, yet the car
dealers have! The only time you get a free credit report is if you're
turned down for credit, even then it's a no name bare bones report.
Warning
About Car Dealer Advertising:
"We'll Get
You Out Of Your Current Lease No Matter How Much You Still Owe!"
"We'll Give
You $3000 For Any Trade-In!"
"No
Reasonable Offer Will Be Refused!" (Why is it that your offer is
NEVER reasonable?)
These ads rely on
very subtle wording and mind tricks. You can't just cancel a lease,
it's a contract. By breaking the contract, penalties can be very
stiff and in the thousands. They do get you out of your current
lease, but these payoff penalties must be paid to your leasing
company to end the contract. So dealers pay it off for you, then
place the remaining debt into the new lease or purchase, and of
course they don't go out of their way to tell you. Now your new
monthly payment is actually paying off 2 cars!
They'll try and
put you in a 60 month deal which spreads out the payments, making
them less, so you don't notice and if they raised the interest rate
on you over and above the buy rate, then stretching the term is again
to their benefit!. How do they pay you $3000 for ANY trade-in? They
don't. More on the buy rate scam a little later.
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How A Dealer
Profits From The Sale:
You think dealers
have just one way of stealing your money? Some dealers convince you
to spend so much, you didn't know you were taken! Many of the people
who brag about the good deal they got on their trade were obviously
brain dead. My very own mother was taken for a ride in Florida a few
years back when the dealer "showed" her $3500 for a 1986
Plymouth "K" Car! Well once she seen $3500 she didn't
bother calling me.......what could I do for her when the dealer was
doing everything TO HER! Use
our free purchase / lease analysis program!
3 Main
Ways Car Dealers Profit From You:
The negotiating
process for the price of the Trade-In.
The negotiating
process for the price of the new car.
Scams in the
business office after negotiations are done.
You won't be
able to buy any
car from any
dealer's
ad for the price they quote.
We should point
out that dealers email us to say this is untrue. Yes, you'll find
some good dealers out there who do actually honor their ads. But
since 1999, only 5 visitors to this site have told us they got the
car at the advertised price. TOP
Which
sites can be trusted?
If you haven't
bought a new vehicle recently, be very careful. Smart consumers use
online sites like StoneAge,
and CarsDirect.com
for invoicing and & Warranty
Direct for extended warranties, what's in it for us,
nothing. WheelsDirect2U isn't paid a nickel for listing these sites.
There are many useful internet sites, each with it's niche of helping
you get the best deal when buying a car. There's big money to be made
saving you money and we'll show you how. TOP
Before you go
shopping, learn how dealers play what we call the car dealer's Cash
Illusion Trick. Cash spent on a car is pouring into the dealer
coffers. We want the most for trade-ins, low MSRP, low APR and few
fees. Below is what we should go for:

The
dealer has other ideas.
If your salesman
has a yacht to upkeep, this is what he wants to see:

The dealer insults
you with his offer on your trade, charges full MSRP or better, a high
interest rate. In addition, he'll try and sell you tons of high
profit add ons, dealer prep and ad fees all the while ending up with
a huge profit. Somewhere in the middle you close a deal that's
mutually satisfying. If you have bad credit they'll lie and say that
credit insurance is required (an outright lie), they end up with a
huge profit, and call you a few weeks later to tell you financing
fell through, you need to come up with $1500 more (this recently
happened to a viewer of ours). Use
our free purchase / lease analysis program!
Dealers perfected
these tricks over many years. The odds used to be in favor of the
dealer. Until NOW!
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