Buying Guide For Used Cars Avoid the Dealer s Scams
Used car dealers are notorious for taking advantage of innocent buyers Fair assumption or not, nobody wants to be turned over Car dealers have so many different tactics to get you buying a car it would make your head spin and your hair curl Here are two dealer’s scams for you to avoid . .BAIT AND SWITCH - As old as the hills but still going strong . . * You are looking through the paper and you see your favorite car being advertised at a really low payment figure You are loving this so you go down to the dealer Low and behold the salesman regretfully tells you that the car has already been sold They then tell you that there are other cars on the lot with better specifications and options for not much more money You are there so you go along with it When you ask how much more this is going to cost they brush you off saying that the finance manager will deal with the figures later . .It is all about getting you through the door Once you are there the dealers reckon they can control the process . .LESSON . . * Do your research on the manufacturers websites and get to know about all the different options available on the model you are interested in . * Take someone with you to support you should they try to pressurize you . * Make sure you check any figures and agreements carefully and don’t sign anything if you are not comfortable . .POOR CREDIT RATING . . * The Finance Manager comes out and tells you that your credit rating is lower than it really is This means the interest rate on the car loan will have to be higher than it should be Easy money for the dealer! . .LESSON . . * Check your credit rating prior to visiting the dealership Take some proof to show them if they try it on Your credit rating is what it is whether you ask for it or the dealer asks for it Try Experian or EquiFax If they start getting bullish leave and do not return . .You’ll probably find this info quite an eye opener Let me tell you, there is plenty more that they get up to The selling game has been honed down to an exact science by these guys . .Don’t get scammed by these guys Get the full inside story from an ex-salesman who was sick of the hustle Learn about every tactic they will try to get your name on the sales forms and every stunt they will try to pull to boost their profits They play hardball-so should you .
Source: www.rsstnx.com
How Do You Buy a Car and the Negotiating Power it Can Give You
Whether you are buying a new or used car, it is probably a large purchase and something that you don’t do every other day So you want to get the best deal possible and this requires negotiating with the dreaded ‘care salesman’ who is a negotiating animal if you believe all the stories In truth a car dealer is doing a job and he/she has to satisfy the needs of the customer or he/she wouldn’t sell many cars and go out of business With this said, here are three ways to buy a car and the kind of room for negotiation they will give you . .So you can buy a car in one of three ways . .Cash, . .Finance, . .Lease . .If you have cash to buy a car then you are a rare commodity in this current climate You are just what a car dealer wants because the transaction can be done there and then and the money can be sitting in the dealers bank account the next day You should understand that this gives you more room to negotiate the price You are a more attractive proposition and the deal you get or the price you have to pay should reflect this Don’t reveal that you are paying in cash until the last minute The dealer will try to find out how you will be paying for it but just be vague in answering Then use the fact that you have cash as a major negotiating point when you work the price down . .If you are paying with some kind of finance then this could be done through the dealer or independently through your bank or some other institution Beware of finance done by the dealer It is always done as a convenience to the car buyer or to allow people with bad credit to get a deal This means the annual percentage rate will reflect this There may be other conditions like an early payment fee or other clauses that count against you too Try to get your finance pre-arranged before you buy a car Use your bank or some institution that is independent of the car dealership This will give you more room for negotiation as it is the equivalent of having cash . .A leasing option generally applies to new car purchases and is done to make it easier for the car buyer It is available for self employed or businesses and usually means that you can claim the cost and running expenses as a tax deduction of your business In this way, leasing a car can be seen as a cost effective way to purchase a car and there is less upfront cost However you will have limited opportunity to negotiate using this method to buy a car .
Source: www.rsstnx.com
