hello I'm going to buy a car paying cash. Could you please give me some tips on how to get a good deal. I'm not a good business person so whats some lines to use to lower the price thanks for your help
2006-09-10 18:52:22 · 11 answers · asked by pelonsea 1 in Cars & Transportation ➔ Buying & Selling
its a used car private seller
2006-09-10 19:06:30 · update #1
Don't tell the dealer you are paying cash first. Haggle the price then ask what for the are the incentives they will give you. And finally ask them what they incentives they offer if you pay by cash. Be sure they know at this point tat you could go to another dealership for your new car..
2006-09-10 19:03:27 · answer #1 · answered by Teacher 6 · 1⤊ 0⤋
First of all, negotiate a fair price to pay. Get the dealer's invoice from which you should start your negotiation. Find out what the current dealer sales incentives to the buyer are ($1,000 or $2,000 or in some cases more). If one of the incentives is 0% financing, then there is no reason to pay cash for the car; your interest cost is $0; the same as paying cash.
If there is no financing incentive offered, the only justification for not paying cash is if you can invest the money at a guaranteed profit rate that is sufficiently higher than the financing costs.
Do your homework and Good Luck dealing with the professional car salesman who has infinitely more experience with the buy/sell game than you will ever have.
2006-09-11 04:17:28 · answer #2 · answered by TONY Z 1 · 0⤊ 0⤋
First of all this is an important step in your life. I see you have some credit by having the student loans however, in the future you may need something called "car credit" it's different same as credit card credit and consumer loan credit. If you have a tight budget and you can afford the extra payment you may want to buy a good used car. If you don't have a good mechanic that you can afford buying any old car wont do for you. If you can afford and $150-200 car payment I say from my personal opinion make a $1500 down payment and have a short-term loan. If not you should go to a local auction and see if there is anything there that interests you. Buying a used car cash you should factor in a repair bill or two every six months or so. If financing make sure you're buying certified used and you should be ok for your first couple of years. Hope this helps you out in your decision process. Remember only you can make the right choice for yourself...
2016-03-27 06:37:59 · answer #3 · answered by Maria 4 · 0⤊ 0⤋
Well...first off...I own an auto dealership. I will let you in on a couple of little tips that NO DEALERSHIP wants you to know!!
First things first...
DO NOT (and I repeat) DO NOT TELL THEM THAT YOU WANT TO PAY CASH. Most people think that this is some kind of bargaining chip...In fact its the exact opposite. When you get financed at most dealerships the finance manager (business manager) makes more money when you are financed because the bank usually pays them a commission or dealer reserve. So even when you want a better price they know they are going to make some money on the back end...BUT when you tell them you are going to pay cash they lose that possibility and then they will not go as low as they would have on the price of the car.
There is no TRICK to buying a car at a better price....the salesman doesnt have a say on how much the car will sell for....the sales manager does.
Show that you are interested....if you try to look like you are not really interested you will appear that you are WASTING their time....no one wants to work hard for nothing.
DO YOUR HOMEWORK....know what the car you are looking at is worth!!...
Above all....BE NICE....dont be an idiot...no one wants to work with an idiot...
2006-09-11 02:46:14 · answer #4 · answered by B_Auto 2 · 1⤊ 0⤋
No lines are going to work. The way to get the best deal is simply to insist on it. Figure out how much you are willing to pay, and don't pay even 1 cent more than that. Walk away from all other deals.
If you are negotiating with dealers on a new car, it's easy enough to play them against eachother to make sure you are getting a good deal. The last two cars I bought, I did all the haggling and negotiation over the phone/internet before I even stepped foot on a dealership floor. I had about 8 dealers trying to undercut eachother on the last one.
2006-09-10 19:01:04 · answer #5 · answered by lenny 7 · 1⤊ 0⤋
DO NOT BUY ON IMPULSE!
After you have talked with a salesperson, and you have decided on a car, walk away. Please OH PLEASE walk away!
Come back the following day. The salesperson will try anything in his power to get you to buy at that moment. RESIST!!!
He'll say things like: "Someone else is interested in it", or It's a popular model, or he'll play on your emotions. Don't give in!
That car will be there the next day, and if it isn't, there are more like it or even better deals to be found. Also, all cars have radio's so that shouldn't matter. You need first and foremost RELIABLE transportation. Don't be tricked by talking to a "sales manager". They all have starving families at home and need your money TODAY! If they are that hard up, they need to finder other lines of work.
Be of strong will, and resist buying that car that is out of your budget too. It's OK if you don't have 18" chrome wheels and tinted windows. You do not need gimmicks!
Good luck to ya, and I sincerely hope you don't get swindled.
2006-09-10 19:06:41 · answer #6 · answered by Sgt Squid 3 · 1⤊ 0⤋
Simply by handing them a wad of cash will get you a great deal from the start, offer them a price slightly lower, not too much, but ask to have an alam, towbar and that sort of thing fitted, they get it done cheap so you do not really loose out,
Keep in mind, if he drops too much then you have to wonder how he just managed to chop 5 grand off the price, look out for those dodgy sales people!!!!
2006-09-10 19:05:06 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Go to Edmunds.com and build your car that you want to buy with the specific options and color you want. They will give you a TMV (True Market Value) and use that as a negotiation price. DONT pay more than that. Get to that price as close as possible. They calculate the TMV by using your zip code and see what people in your area paid for. Dont be hesitant about threatening to just leave and go to another dealer. Remember they dont make ANY money if you leave. Tell them (lie if you have to) that other dealers are offering lower prices than what they are offering you.
2006-09-11 21:20:09 · answer #8 · answered by Anonymous · 1⤊ 0⤋
act really interested and say the price is a little high and do the walk away and they will say hey i will talk with the boss and u will get a lower price or tell them what u have to spend
2006-09-10 18:55:34 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Just walk away. You'd be surprised how many people run after you when you are leaving with cash in your hand. There is no shortage of cars out there, it is definitley a buyer's market.
2006-09-10 18:56:22 · answer #10 · answered by teef_au 6 · 0⤊ 1⤋