Buying a New Car? Take Your Time!One way that car sales people try to rope you into a quick sell is by creating the impression that you NEED to buy now to take advantage of some deal. Or if you wait a day, the car won't be available. Dealerships and salespeople are out to make a profit off your purchase, not find you the best deal.
Car Buying Tip 1 - Take Your TimeRealize how big a purchase a car is. It's the second-largest purchase most people make after buying a home. When you buy a home, you have so much help: a broker to help you find the home, and a mortgage broker for financing. An inspector, an attorney, a title search, a mover, and more.
Best Time of Year for Car BuyingThis is the best time of year (Dec.) to buy a car! With sales being slow and the salespeople needing to meet the end of the year quotas, you'll probably be able to save thousands...
The Benefits of Buying Used CarsYou can save a bundle on your next car purchase by buying a used car. One of the common concerns I hear from people about used cars is that they will require expensive repairs sooner than new cars.
Rolling Existing Car Loans Into a New Car PurchaseDon't buy a new car if you haven't paid off your old one unless you have equity accumulated. One common practice at dealerships is to offer to roll the balance of an existing loan into the financing for a new car.
Finder Fee For Auto Dealer ReferralsI'm not sure if most people know this or not, but this is a tip if you buy your new vehicle from a dealership. Afterwards, send your friends and/or family members to the same dealership and salesman and have them purchase a vehicle.
Beware the Cost of Repairing Your CarI wanted to mention to all Thrifty car buyers to beware of the cost to replace parts on your economical car. I firmly believe the manufacturer does not make money on an economical car you purchase because they make up for the loss through the replacement parts you will need to fix your car.
Budgeting For Car PaymentsWe needed to purchase a new car for my husband who uses it for business. He puts on an average of 45,000 miles annually. We did not have enough saved to pay cash for the car so I needed to FIND an additional $150 a month for the increased car payment.
What to Ask For When Buying a Car From a DealerIf you're thinking about buying a new or used vehicle, ask for these few things and you will save hundreds of dollars.