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Below, you'll find
extensive information on leading auto buyers guide articles and
products to
help you on your way to success.
Save Thousands On Any New Car By
Using The Internet
By Jeremy Brubaker, Tue Dec 6th
Failure to do your homework will
prove costly when you purchase your next new vehicle. The internet
makes
all of the essential information accessible for free, so fire up your
computer and get ready to save money.
If you are unlucky enough to be
trading in your old vehicle, brace yourself because it is going to be
ugly. The price dealers offer to pay is always painfully low. Don't be
fooled by minimum trade promotions, they will just charge you more for
the new car to cover their losses. The only way to get a fair price for
your trade is to sell it yourself. Here are a few good web sites to
sell
your automobile for a small fee.
If you must trade in your old car,
you can always find an independent appraisal online for free. I
recommend looking up a few so that you can estimate a price range
before
you head out to make the trade. In addition to appraising your trade
in, these sites provide estimates of how much you could expect to
receive
if you were to end up selling it yourself.
A fairly new subject to address
when preparing to purchase you rnext new automobile is the rebate,
incentive, bonus cash,special offer or whatever they are calling the
sale this week.The rebates are a popular tool used most frequently by
American auto makers. For the consumer, an advantage of the
incentives can be that banks are willing to loan retail price and even
a little more. The sale price often ends up thousands of dollars less
than the retail price. So if you owe slightly more than your car is
worth, you may be able to roll that negative equity over into a shiny
new car. I have seen rebates as high as $7000 on GM trucks and $5500 on
GM cars. Whether you are upside down in your current vehicle or not,
the
rebate can save you money. Don't wait until you get to your
local car
dealer to ask about it. I found dealers reluctant to admit how big the
rebate should have been on my last truck. The most accurate and up to
date rebate information can be found on the manufacturer web sites.
After researching available rebates,
find the difference between the retail and invoice price. Unless you
are
trying to buy a limited production vehicle, you can usually negotiate a
price ofa few thousand dollars below the window sticker. The
invoice price will give you an idea of how much the dealer paid for
thecar. I usually push for a price that is a couple hundred dollars
over
invoice, because I know the dealer will have expenses to cover. The
difference between retail and invoice prices can be near $5000. You may
have to visit a few different dealerships, but it is worth it.
Information on invoice prices can be found at the following web sites.
Now that you know how much to pay
for your new vehicle, it is time to address financing. Most buyers need
to obtain a loan and if you are not careful, the dealer will squeeze a
few thousand dollars out of you here as well. With good credit, the
best
deal can probably be found at your local bank. Stop in and talk to a
loan
officer before you go to the car dealer. If you leave it upto the
dealership, they will try to push you into the loan that works out best
for them. That usually means a higher interestrate and payment for the
consumer. If you have less than perfect credit and a current auto loan
in good standing call them first and ask to get pre-approved for a new
car. By using the internet, you can find banks that are a little more
forgiving than your average local bank. Here are a few that I found
during a recent search.
It's easy to fight the price and win
when you know where to look. Good luck and enjoy your new car!
About the author: Jeremy Brubaker is
a writer dedicated to helping
consumers save money.
Feel free to reprint and distribute
this article as you like. Please include the resource box
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