Im looking to buy an Aucra TSX either 04', or 05' edition. All the reasherch I done it looks like im gonna be paying almost $500 dollars a month for the car. Is there anyway to get the payments lower, or should I continue to shop around?
2007-03-24 01:18:21 · 6 answers · asked by jason b 1 in Cars & Transportation ➔ Buying & Selling
How do I love my TSX!!! :)
You're getting an '04 or '05 and paying almost $500 per month?? Do a bit of research, including talking to dealers. After my down payment, I bought my '06 brand new and I have about a $400 payment. Acuras don't depreciate too quickly, especially the hard-to-come-by TSX, so it may be in your best interests to consider new. I also noticed that my dealer has a sign advertising a 2.9% rate, which is probably on new.
Anyways, the easiest way to lower your payment is to decrease the price you'll pay for the car. Given that....
If you buy used, try to get quotes from other dealers that have a used TSX. Don't give the impression that you're in a rush- they'll take advantage of that. Interest rates are negotiable, dealers will take the bank rate and add a few percentage points to it, which is their gain. Be sure to take bank rates with you.
Don't let them know that (if) you have a trade in. They will not give you as good of a deal if they know that. Keep all transactions separate: negotiate the price of the car, negotiate the trade in value, negotiate the interest rate. Lumped together, you won't know what you're getting. Keep in mind that one of the "tricks" car dealers play on us is that they will come up with a crazy number, like $25,329.24. This is just a number to make you think that they really worked and did math to get to a better number for you. Don't let the dealer know how much you're willing to have as a monthly payment- they will want to take it all. I've seen this happen and the end price of the used car we were looking at was about 30% over KBB value. Finally, take quotes with you from Edmunds.com and KBB.com.
If you decide to buy new, try this: I did ALL of my TSX shopping online. Start with the Acura website and get a price for the car you want, including the extras. Then, check out the dealers in your area. Email them for quotes outlining everything that you want, exclusive of a few of the extras. Be willing to work with dealers a hundered or so miles away from you, since Acura dealers are not like Starbucks (I have five in my state!). When you get all of your quotes back, take the lowest quote and email it to the other four. Repeat several times. A few will drop out of the running pretty quickly. When the remaining dealers start to lower their quotes by dollars ($30, $40, etc), start negotiating the extras. Don't ask how much they'll be, ask if they'll throw them in. Remind those that are far away that you'll have to drive to get to them. They'll be a bit more willing to work with you. After all was said and done with mine, I paid $4000 less than edmunds.com said people in my area are paying (and an Acura dealer called my dealer "crazy"), got free mudflaps, all weather mats and wheel locks, and a 4% interest rate. Don't buy the extras- stain resistance (stores sell that in a can for about $5), extended warranty, etc. All that will do is help you get closer to that $500 payment!
Happy shopping and good luck!
2007-03-24 12:16:10 · answer #1 · answered by Lori 2 · 2⤊ 0⤋
it depends on the money you are putting down an the interest rate you are getting from the bank you can always try lending tree .com there interest rates are low the car dealer when you buy a used car from them loves you they love the 3 point rule they charge you 3 points example your credit comes back as 6.99 when you pick up the car from them your rate is 9.99 with this in mind the payment goes way up shop rates when buying not payment i am a general sales manager from a car dealership ps good luck
2007-03-24 02:24:02 · answer #2 · answered by ARC ANGEL MICHAEL 2 · 1⤊ 0⤋
If you think the payment is too much, just wait till you insure it and put gas in it. I think you're looking at the wrong car
2007-03-24 07:12:20 · answer #3 · answered by Bill in Kansas 6 · 0⤊ 0⤋
If it's hard to afford now think how much you'll hate it in 3 years. I'd find something with 4 wheels and an engine. Gives you more money to spend later.
2007-03-24 01:29:01 · answer #4 · answered by guy o 5 · 1⤊ 0⤋
um...get into a lower priced car!! what do you think you'll be paying on that sort of vehicle?? do you think people who get in hyundais and corollas get there vehicle for free? they're still paying in the 2-300 range.
2007-03-24 01:59:39 · answer #5 · answered by Melissa T 3 · 0⤊ 0⤋
easiest way is to put more money down, of course...
2007-03-24 01:44:16 · answer #6 · answered by jay 7 · 1⤊ 0⤋