How can I get a good deal on a brand new car?

Question

What can I do to get a new car and not get ripped off, any tips? does gender matter in this case?

Answer 1

My father was in the car business for 10 years at one of those "Autoplex's". So, from what I have learned from him, I will try to pass on to you. First, let's look at price; The suggested RETAIL price on any car is the STICKER or KELLY BLUE BOOK, now this is the price that is considered the ASKING price or price tag on a car. Next, is the invoice or wholesale price, both new and used cars have a wholesale price, it's just the terms that might be used. And lastly, you have the actual cost of the vehicle, on new cars, the invoice minus dealer holdback or factory to dealer incentives and such equals the actual cost on the car. Used vehicles depend on whether the car was traded for and how much the trade manager appraised the vehicle for, or how much the vehicle actually costs at a dealer auction. Now, a quick way to think of this is below:

Retail Price $20,000.00
Invoice $17,000.00
Dealer Holdback $ 1,500.00
Factory Incentive $ 500.00

Actual Cost $15,0000.00

This is an example of what a NEW car would look like if you could lay out all the figures. Now, you wanted to know how to get the best deal. Okay, first, what is your credit report like? If your credit history isn't so good than you will not quailify for the best rates. This can affect your monthly payments by as much as $80.00 a month or as little as $5.00 a month. Keep this in mind when you negotiate. Okay, you have done a budget as to how much you can afford each month for car payment and insurance. Let's say that you can afford a $350.00 a month car payment. Now $350.00 over 60 month auto loan will get you $18,500 purchase price at 5.5% annual percentage rate. However, if your APR is 2.5% than you would have a monthly payment of $330.00. So, get pre-approved for your auto loan before you go to buy, if the dealership can finance you there at the same rate, great, if not, getting a check from that lending institution the next day and getting the car is no big deal. Anyway, you are now pre-approved for an auto loan and know how much you can borrow. Don't let on how much you are willing to spend each month or subtract $50.00 from that amount ($350.00 - $50.00 = $300.00) and let the dealer work his way as close to the lower amount as possible. You should end up with a fair deal for yourself in the end.

Answer 2

Unfortunatley, gender can be a factor. I am an exception however. I went down to the car lot by myself with my mind made up and I was extremely confident. I got a great deal and even my boyfriend was surprised. I would wait until the dealership has good deals going on and I would go to www.kbb.com and look at the MSRP of the vehicle. Take the print-out with you and bargain. LOL compare prices and pin the dealerships against one-another, they may hate you for it, but hey you will love the great deal on your car. OR better yet....do it online. I hear they give great deals if you don't go down there in person because it's easier to say "No" to a crappy deal because they can't sucker you in to it. Hope I helped!

Answer 3

Intelligence matters. The salesman knows within minutes how much he can take you for. Don't blame him, it's his job.
Research your vehicle. Know the MSRP and dealer invoice. Make him understand you only pay less than MSRP and will go to a different dealer if he can't help you. DO NOT fall for the 'how much can you afford each month' trap.
It's always better if you have financing ready through your bank or credit union so you can just deal with the purchase price instead of clouding the deal with monthly payments.

Answer 4

buy today! look for incentives, I just purchased a Ford Escpae this weekend and ford had $3,000 in incentives, it was a $21,800 car the dealer took off $500 then there was an additional $3000 from Ford with no hassel as well as 0% APR. many dealers are having special sales for the 4th, I ended up paying $18,300

Answer 5

1. Take a man with you
2. Stick with your price
3. Don't jump at the 1st card that you see just because you look cute in it.
4. Read up on the type of car that you want before you go to the dealership

Answer 6

figure out what kind of car you want then ask the dealer for a print out of the car and options take that to another dealer and see if they can make you a better deal then repeat

Answer 7

So he's a jerk because he doesnt favor to talk with you, doesnt favor to be acquaintances with you, doesnt favor to be stricken with you? Are you so self dependent that it bothers that a lot that this individual doesnt favor something to do with you? there is not any regulation that asserts he has to talk with you or inspect you or be acquaintances with you or something else. He can walk previous you want you dont even exist and in the experience that your thoughts are damage then thats purely too undesirable and also you may favor to get over it.. i imagine he purely likes his privateness and doesnt favor to be stricken with a nosey neighbor like you... i imagine you're the single with the real problem, you're captivated with this individual and each little thing they do and now you're going ask different associates about this individual? so that you're really stalking this individual or maybe peaking in his domicile windows. purely settle for the actual incontrovertible reality that he doesnt like you, he doesnt favor to talk with you, he doesnt favor to be acquaintances with you and he doesnt favor you bothering him and he needs you to recommendations your own company. An acute comprehend-how of the stated situation will be that you're self dependent and egotistical and also you're obsessed about why this individual doesnt like you and each little thing you've listed portrays you to be some type of creepy stalker.. Get a existence and problem about your self and not in any respect of your neighbor

Answer 8

Have the dealers bid against each other for your business. See the link below to see how I did it.

Answer 9

I have bought two cars through carsdirect.com and think they are great. Their price is the lowest I have found. But you have to know exactly what you want.

Answer 10

get a gun and do some grand theft auto