Buying New Cars
November 27th, 2006 at 06:55am By Mike Lambert
Under Buying New Cars: Buying Tips: Car FAQ
There are a number of times during the year that it is good to buy a new car, but it really depends on the model. The first best time is at the end of the month. Dealers pay money when they have a car on their lot at the beginning of the month. The end of the year is also a good time. Not as many people are buying cars in the winter, so dealers want to move some product. Lastly, when a new model year is released, dealers want to unload the previous model year, because more people want the latest and greatest. These are good opportunities to take advantage of in order to save some money on your next new car.
Popularity: 29% [?]
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November 17th, 2006 at 10:21am By Mike Lambert
Under Buying New Cars: Car FAQ: Car Pricing
Try to haggle with the dealer and pay just 5% or so above the price he paid. In general, the sticker price is 10% to 20% higher than the price the dealer paid for the car.
Popularity: 16% [?]
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November 17th, 2006 at 10:18am By Mike Lambert
Under Auto Financing: Buying New Cars: Car FAQ
Negotiate and settle on an exact price for the car before you discuss financing. Sometimes dealers will give you a break on one aspect of a car purchase–say, a low-rate loan–but then increase up the price of the car to compensate. Beth Kobliner, Get a Financial Life (1996)
Popularity: 15% [?]
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November 17th, 2006 at 10:15am By Mike Lambert
Under Auto Financing: Buying New Cars: Car FAQ
Be wary of financing options that require “no money down” or a very low down payment. A low down payment increases the size of the loan you will need and the amount of interest you will pay over the life of the loan. Beth Kobliner, Get a Financial Life (1996)
Popularity: 13% [?]
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November 17th, 2006 at 10:14am By Mike Lambert
Under Auto Financing: Buying New Cars: Car FAQ
If you are interested in buying a new car, before you set foot in a dealership, check with a credit union and at least two banks. In some cities, the difference among bank rates can be more than four percentage points.
Popularity: 14% [?]
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