June 29th, 2009

How many people do you know who have bought a new car, driven it off the lot, and then felt like a chump because the car dealer pushed them into an impulse buy?  They made a deal and didn’t realize until the paperwork was signed that they had been taken.  There are at least three things you can do to position yourself to make a better car purchase:  Plan ahead, pre-arrange your own financing, and choose the right time to buy a new car. The following are some good car buying tips for women and men.

We’ve begun with only a few insider secrets to buying a new car, but they are ultimately important because a car purchase is perhaps the second largest purchase you make in your life.  The first is your mortgage.  It is important to plan ahead and know what you want and to know your budget ahead of time.

When dealerships offer “financing packages” they are really trying to sell you another product in addition to the car.  So many people wander into a car dealership not knowing what their credit score is like.  This immediately gives the dealer the upper hand.  Know your credit and arrange financing with your own bank.  This will put you in a better bargaining position.

Timing is also important when it comes to buying a new vehicle.  Car dealerships live under the pressure of sales cycles.  They are pressured to produce, more so at certain times than others.  Understanding these time cycles can help you use them to your advantage in buying a car. When you look at any car buying for dummies, you’ll find that the best time to buy is at the end of the month, and in the fall before new care models come out.

These are just a few of insiders’ car buying secrets.  Knowing when to buy, what you want to buy, what you want to spend, and planning your own financing will benefit you when you walk into a dealership.  You will be able to negotiate a better deal.  If you want the complete insiders’ edge get the playbook that reveals the tactics of persuasion used by car dealers. 

If you really want to make the best deal on your next vehicle, whether it is a new car, used car, lease, or trade-in, Taking the House Edge can save you thousand on your next vehicle purchase.

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