Save Thousands on Any New Car by Using the Internet
by: Jeremy Brubaker
Failure to do your homework will prove costly when you purchase
your next new vehicle. The internet makes all of the essential
information accessible for free, so fire up your computer and get
ready to save money.
If you are unlucky enough to be trading in your old vehicle,
brace yourself because it is going to be ugly. The price dealers
offer to pay is always painfully low. Don't be fooled by minimum
trade promotions, they will just charge you more for the new car
to cover their losses. The only way to get a fair price for your
trade is to sell it yourself. Here are a few good web sites to
sell your automobile for a small fee.
traderonline.com
dealsonwheels.com
autotrader.com
ebay.com
If you must trade in your old car, you can always find an
independent appraisal online for free. I recommend looking up a
few so that you can estimate a price range before you head out to
make the trade. In addition to appraising your trade in, these
sites provide estimates of how much you could expect to receive
if you were to end up selling it yourself.
nadaguides.com
kbb.com
edmunds.com
A fairly new subject to address when preparing to purchase your
next new automobile is the rebate, incentive, bonus cash, special
offer or whatever they are calling the sale this week. The
rebates are a popular tool used most frequently by American auto
makers. For the consumer, an advantage of the incentives can be
that banks are willing to loan retail price and even a little
more. The sale price often ends up thousands of dollars less than
the retail price. So if you owe slightly more than your car is
worth, you may be able to roll that negative equity over into a
shiny new car. I have seen rebates as high as $7000 on GM trucks
and $5500 on GM cars. Whether you are upside down in your current
vehicle or not, the rebate can save you money. Don't wait until
you get to your local car dealer to ask about it. I found dealers
reluctant to admit how big the rebate should have been on my last
truck. The most accurate and up to date rebate information can be
found on the manufacturer web sites.
GM.com
Chevy.com
Pontiac.com
Buick.com
Oldsmobile.com
Saturn.com
Cadillac.com
Hummer.com
Ford.com
Lincoln.com
Mercuryvehicles.com
Acura.com
international.chryslercorp.com
Mercedes-benz.com
Jeep.com
Jaguar.com
Volkswagen.com
Porsche.com
Audi.com
Toyota.com
Lexus.com
Nissanusa.com
Infinity.com
Volvocars.com
LandRover.com
Bmw.com
Ferrari.com
Lamborghini.com
Lotuscars.com
Suzuki.com
Kia.com
Hyundai.com
After researching available rebates, find the difference between
the retail and invoice price. Unless you are trying to buy a
limited production vehicle, you can usually negotiate a price of
a few thousand dollars below the window sticker. The invoice
price will give you an idea of how much the dealer paid for the
car. I usually push for a price that is a couple hundred dollars
over invoice, because I know the dealer will have expenses to
cover. The difference between retail and invoice prices can be
near $5000. You may have to visit a few different dealerships,
but it is worth it. Information on invoice prices can be found at
the following web sites.
nadaguides.com
kbb.com
consumerguide.com
edmunds.com
Now that you know how much to pay for your new vehicle, it is
time to address financing. Most buyers need to obtain a loan and
if you are not careful, the dealer will squeeze a few thousand
dollars out of you here as well. With good credit, the best deal
can probably be found at your local bank. Stop in and talk to a
loan officer before you go to the car dealer. If you leave it up
to the dealership, they will try to push you into the loan that
works out best for them. That usually means a higher interest
rate and payment for the consumer. If you have less than perfect
credit and a current auto loan in good standing call them first
and ask to get pre-approved for a new car. By using the internet,
you can find banks that are a little more forgiving than your
average local bank. Here are a few that I found during a recent
search.
Americredit.com
wfsfinancial.com
householdauto.com
It's easy to fight the price and win when you know where to look.
Good luck and enjoy your new car!
Jeremy Brubaker is a writer for
http://FightThePrice.com , a
website dedicated to helping consumers save money.
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