Are you considering changing your car soon? Since weekends are usually designated to look at cars when you are considering changing your old car, Moms' Buzz thought it would be a good idea to share with your these powerful rules about car buying.
The first thing you must keep in mind is NEGOTIATING is the secret. To avoid being dazed by the confusing pricing of cars, simply understand the tricks of the trade and you will save hundreds and even thousands of dollars in your next new car.
Rule # 1: break the dealers code. Neither the MSRP (manufacturer's suggested retail price) nor the Dealer Invoice Price should be used as your starting point in your negotiation!!! What you need is the REAL PRICE the dealer paid for the car. Oh great! How are we supposed to get this one?
Rule #2: Find out about unadvertised dealers incentives and holdbacks. These are tools the dealer uses to negotiate to his favor. The idea here is that you know about them so you can use them to your favor. Where do we find out about these tools?
Rule #3: Play the game. When it comes to options and safety equipment, don't bite. These add-ons are generally worthless or overpriced.
Rule #4: If you have a trade-in. Don't even mention it! First, agree on the price of your new car. However, you must have done your homework of how much your trade-in is worth whether you sell it privately or to a dealership. Then, you throw your last chip into the game, but with your agreed price of the car!
The big question is where do I find out all this info to prepare myself to negotiate like shark: The New Car Price Service, a new service by Consumer Reports, that will cost you $14. It gives a complete report on the car you are interested in purchasing or on your trade-in (additional $12). The number is 1-800-693-5572. New Car Price Service will take you step by step through the negotiating game with professional advice. You can't beat that!
Although in many cases when you look at cars, you go with your husband and he would probably do most of the negotiations, except for singles moms, when you learn these tricks, your husbands will appreciate your input - believe me...ooh aahhh darling!
FYI: Dealer holdbacks is a percentage that is prepaid to the dealer by the manufacturer, designed to supplement the dealer's cash flow, aka sales commission, artificially elevating the dealership's paper cost. Knowing this amount is a powerful took in your favor!!
Are you ready to save thousands of dollars - of course you are - who isn't?
- The Moms' Buzz
source: our unconditional friend Consumer Reports











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