I'm 18 years old and I am looking to buy a car I have just recently finished high school early, so I could start working. But the thing is I live in a tiny town and they don't have any openings. I want to buy a car to work in a city about 39 miles away but I don't have a car!
I want a new car that won't break own on me, and one that I will enjoy for about 10 years. I've narrowed my search to the lowest priced car I could find, it's a 2007 CHEVY AVEO that is priced $10,560. I realize that insurance will be high but I'm not sure how high! Or how to even check how high it will be.
My point, I need to know what I should ask the dealer without sounding stupid, and I need to know some of these terms.
*Manufacturer’s Suggested Retail Price. Tax, title, license, dealer fees, APR* Thanks to anyone who can help me with this! I appreciate it!
2007-01-22 04:06:58 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Other - Cars & Transportation
find at least 4 dealers in the area even if ya have to travel over a hundred miles to do it then go to the first and ask him for his best out the door price then take that price to the next dealer and ask him if he can beat it and take that price to the next dealer and do the same once you have checked with at least 4 go back to the first with you best quote and ask him if he can beat it continue this until you find the rock bottom price then buy. ..... odds are you will save thousands !!!!! note the list price is not what a dealer actually ends up paying cuz they will also get bonus's for the number of cars they sell, if he sells enough cars he can sell every single one for below the list price and still make money
2007-01-22 04:25:06 · answer #1 · answered by wyzrdofahs 5 · 0⤊ 0⤋
Everyone has given you wonderful advice, but instead of going to the dealership use the Internet. Wait till a couple days before the end of the month, dealers will take skinner deals as the month ends(they aren't as concerned with profit as much as selling another unit.) Email to each dealership exactly what you are looking for an you want an out the door price. Tell them you will be shopping other dealerships. This will get you the best price. Now the only thing you have to concerned with is th Annual Percentage Rate (APR) the dealership will hit you with. Find out your credit score and let them know it and ask them your rate that way there will be no hidden surprises.
Don't be nervous...it's your hard earned money make the dealership work to earn your business!
Good Luck!
2007-01-22 13:57:57 · answer #2 · answered by skymer 2 · 0⤊ 0⤋
Email the different Chevy delearships in your area and tell them what you're interested in. They should reply to you quickly with offers on the car your interested in. Look on sites like, geico.com and other insurance companies and they will give you an online qoute on insurance. They MSRP is the max price you should pay, you should be able to negotiate that price down by about $1,000 or more. Tax is whatever tax rate there is in your area. Title is the fee the delearship charges to get the car titled in your name. License is similar to title. Dealer fees is a fee the dealer charges to sell you the car. And APR is annual percentage rate, that is based on your credit score. It is how much interest you will pay on your car loan. Try and find someone with a better credit score than you to co-sign the loan so you can get a lower APR. Also demand to know all theses fees and prices before you sign any paper work. If you don't, the dealer can trick you into paying $2,000-$3,000 in fees and taxes ontop of the price of the car.
2007-01-22 12:20:32 · answer #3 · answered by theusaloveitorleaveit 3 · 0⤊ 0⤋
First, call your insurance agent (or your parent's insurance agent) and ask what the insurance will be. Be sitting down when you do this. The price will shock you.
Before you goa bout getting a NEW car, consider the advantages of buying a used car. Call a local mechanic and ask them what types are good, what to look for and how to go about checking the workings of a used car.
Never plan on paying what is on the sticker. This is the 'starting point'. Plan on working with the sales man to get at LEAST 10% off this before you sign. This is a general look at things, but it may help.
2007-01-22 12:16:59 · answer #4 · answered by Marvinator 7 · 0⤊ 0⤋