Some people say that Dec. is the best time to find good deals since the 2007's are coming in...How can I get the most for my vehicle at trade in...and what is gap insurance???
2006-11-16 15:57:59 · 6 answers · asked by mysticmoonprincess01 4 in Cars & Transportation ➔ Buying & Selling
Buy your new vehicle at the end of the model year...(when you see the next years models coming out). There will almost always be 0% financing available.
Be watchful, though....because that "time period" can change every year with every different make or model. (For example, the '07 Ford cars started coming out several months ago, but there are '08 Super Duty's coming out in January)
To get the best price on your trade in, try to make sure that its as clean and fully functional as possible. Don't accept their first offer, though...let them come up on the value of your car.
GAP insurance is coverage that the dealership sells that will "fill the gap" if you were to total your car. For example, if you crash your new car 2 days after you buy it, you may owe $25,000, but your insurance will pay $22,000. Who fills in the gap? GAP insurance.
2006-11-16 16:07:44 · answer #1 · answered by glenspot 3 · 2⤊ 0⤋
To any car guy, now is always the best time !
Seriously, are you looking for new or used? If you want a new car, then later into the year is best to buy that year model, as the new ones are rolling in, and the older ones will have heavy incentives. If they dont, then dont buy one.
I always prefer to get a used one with 10-15k miles. You save 8-10 thousand dollars off the price of a new one, and still have lots of factory warranty left.
Ive not a big fan of ESP 's but thats up to you. GAP Ins is always good, but dont pay more than 4-500 dollars. Cost on GAP is anywhere from 150-200 dollars, and the dealer will have to make something or they wont sell it. Common sense. But dont let them gouge you either.
Good Luck !
LOL to the person below me- that is called a sales pitch, and you fell for that one- why? because it makes sense. but totally untrue.
2006-11-17 03:17:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I am not a car dealer, but I know from experience abd having been told by car salesmen. the best time to buy a car is the last few days of every month. Salesmen have to meet quotas and the dealerships has it's mind on the quotas. There can be a drastric difference in price at the end of the month. Now you cna shop earlier in the month for what you like, but come back at the end of the month for the best price.
2006-11-17 03:24:47 · answer #3 · answered by ruthie 6 · 0⤊ 0⤋
No one buys new cars straight from the dealer anymore. Buy from a broker and they will get the dealer to supply it.
We get every penny available from the dealer so you dont have to negotiate. Check it out www.introcars.co.uk.
I run the company and this year have supplied over 700 cars nationwide. We only supply new cars. Your questiion about gap is an easy one but I cant tell you due to FSA regulations. Phone any dealer and just ask them what is VRI / GAP.
I hope this will save you some money
2006-11-17 01:57:15 · answer #4 · answered by Mark U 2 · 0⤊ 0⤋
Two best days are coming up.... Thanksgiving and Christmas. Holidays are traditionally very slow for dealers since everyone would rather spend time with family.
Best way to get the best price on your trade-in is to do your homework and stick to what you feel it is worth. Remember, you're in control... you don't have to buy their car but they need you to buy theirs. Get up and walk if you feel that it isn't going your way.... that is the most powerful negotiating ploy you can pull. 90% of the time they will stop you and accept your deal.
Gap insurance isn't necessary unless you plan on leasing.
2006-11-16 16:26:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋
best time is right now. most likely in dec all 2006 model that you want (your color and option) will be gone.
2006-11-16 16:07:05 · answer #6 · answered by gandalf 4 · 0⤊ 0⤋