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The Nonconfrontational Path to Car Buying
Edmunds.com
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The Nonconfrontational Path to Car Buying
Edmunds.com compares the aggressive game theory approach to buying a new car with a less confrontational method.
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Also, while the internet is good to do research, I also go to dealers on Sunday when they are closed and you can see the cars in person.
1. Contact dealers by email instead of phone calls. emails take less time and you get it clear and in writing from dealer.
2. Ask the dealer to send you the invoice of the car, to avoid any confusions. Ask for the documentation, DMV and any other fees.
3. Once you get the best price, give other dealers a chance to beat that by letting them know the best price you have got.
My last mistake was not going back to the same guys that did give me a good deal on a car I bought for my wife. I ended up paying more for my truck at another dealer when the the previous guys would have offered up a much better deal.
Decide on the exact car you want.
Compute how much your time is worth. Best customers range from plumbers, electricians, doctors, attorneys and everything in between.
Go to the national site for the manufacturer (Amer. Honda, Volvo North America etc). Check out the specials they are running.
Read the fine print.
Do the same thing for your local dealer as they may have better
specials. If you're leasing or financing, submit the credit appl through their site and see if you're approved and what rate.
Tier One 720 - 765 qnd up; Tier two 650- 720 etc. Do it with one dealer only, otherwise your credit gets dinged every time it's run.
The way to get the best deal is on the financing or leasing.
If the dealers loan is competitive or $3.00 more per month go with them. Paying cash for a car means nothing and will work against you.
Once you know you qualify on the dealer or the national specials
Speak with the fleet or internet manager. Confirm that the car is there and get the VIN. Now the hard concept... put a deposit
down to hold that car. Most states it's refundable. Get to the dealer asap.
Another hard concept...you now have the car on hold with the
finance special in place, do not nickel and dime them. Go there and buy the car. "Sometimes the cheapest deal is not the best deal."
It is OK for the salesman to make a commission and support his family.
Do it the above way, get to the dealer and get out in 90 mins or less. Done. No aggravation. No back and forth. And don't let your idiot neighbor, cousin, friend, whatever tell you that he could have gotten it cheaper if you just drove two hours.
I started by saying figure what your time is worth. The more time you waste calling all over, running around, trying to save one hundred dollars on a $25,000 car, the less valuable your time is worth.
Once you call in your deposit on that special deal and get the VIN number, show up and... another hard concept...don't nickel and dime them because that special quote is now gone.
FYI I don't play games. When I'm selling cars, in the fleet or the internet dept, the price I quote is the lowest and firm and I don't negotiate. My time is too valuable to do it any other way.
Some of us are good people who are just trying to do our job, support our families, and pay our bills. Please, give me a chance to prove myself instead of hating me the instant I say hello.
The definition of a good deal is making both sides of the table happy.
One rubbed me the wrong way and low-balled me on my trade (also rubbing me wrong) as well as having the vehicle I wanted with a bunch of add-ons I didn't want and told them to remove (sunroof visor, pin stripes) as well as having a couple hundred miles on the odometer. The other also wanted to low-ball me on trade, but capitulated on the offer, had two of what I wanted w/ no gimmicks added and got the sale.
I might have done a few hundred better even, had I wanted to play harder, since the previous dealer called back a couple days later wanting to make a deal, but I didn't trust them, didn't want to drive back 25 miles and thought their car was a little rough for my taste versus getting one that had 4 miles on the odometer when I test drove it.
I will never go to the dealer in person to do my negotiations when I can get 95% of the deal done at home. I also learned that having finance before you go is good piece of mind and helps get the dealer to try to find a better offer, though I would only take finance offered through the manufacturer to avoid possible gotchas from 3rd party finance companies and the dealers who are benefiting from steering you toward them.
Know exactly what you want and have all the KBB info on your trade for the area you are shopping in printed, current, and in hand.
Watch to see what cars are going into rental fleets as this usually means that model is not selling too well and much larger factory incentive are available to the dealers.
Tom Hartman