Finding, financing and buying the right car, truck or SUV can be time consuming as well as aggravating. Let's face it...going out to shop for a car, especially in this day and age, may even be a bit scary.
Where and how do you find the right car? How much is too much for a car? Will I get a bad deal or even worst, a lemon?
Hi, I'm William and I was given the task of providing the Professional Car Buying Tips listed in this section. Please know that these tips come from decades of experience buying and selling new cars and used cars.
Where you buy a car is very important. If you choose to visit your local new car or used car dealership this is what can expect. As soon as a salesman spots you pulling up on the lot they should come out to meet you with a big smile and firm handshake. (Today, a masked face a fist bump will suffice).
Car Dealerships are all pretty much all the same when it comes to the Meet and Greet. Bear in mind that the person who just greeted you has been professionally trained to read you and your body language.
The number one job is the get you off of the lot, and into a chair. Once you sit your butt down in the chair it is on and popping. All you see is the salesman that greeted you outside but behind the scenes, there are at least 3 other people who will work hard to sell you a car and get the most out of you that's humanly possible.
If it sounds like you are outnumbered you are correct. My count is 4 to 1... not to mention your opponents have been professionally trained. It would appear as if they have the advantage right? Well, not on my watch. I'm going to tell you one of the most important car shoppers tips ever. Here it is...They want to sell you a car way more than you want or need to buy one. Let that be your attitude and you will surely get a better deal.
Private Sellers can be a great way to buy a car for cash locally without the hassle of a Car Dealership and Auto Financing. However, this is where a lot of lemons are sold as well. A Private Car Seller does not have to follow the rules or laws that a reputable Car Dealership has to contend with. In fact, anyone can sell you their car.
If you do decide to purchase a car from a private seller always do your due diligence and pay for a CarFax out of your own pocket. Regardless of what John said about the car. Check out everything about the car and conduct a thorough test drive.
So you heard about a car, truck, or SUV that you like either at a Car Dealership or from a Private Seller. The next logical move is to go see it and kick the tires right? Wrong.
As a Professional Car Buyer, I advise you to get the Vin# of the vehicle first. I am assuming that the price of the car fits your budget but we'll look at the money side of car buying later.
Getting the Vin # upfront is essential to check out any vehicle. You can use the Vin # to find out 99% of the vehicle history. You can find out if was listed as lemon as well. If the car passes the Vin # Check it is safe and worth a hands-on and visual inspection of the vehicle. Set up an appointment to check out the vehicle with the Car Dealership or Private Seller. A proper vehicle inspection should be done by, a mechanic, your mechanic. However, if you don't have one you can do it yourself. You can download a Vin # Checker App free in the App Store.
Do a walk around the car, truck or SUV. Slowly look at the body and paint of the vehicle.. be sure to verbally point out any issues. Pop the hood.. pull out the oil stick and take a look at it. The oil should NOT be black, but brown or light brown color. Look at the engine, look for any wet spots and the smell of something burning. Check the fluid levels as well. Also, look inside the vehicle and see how clean or dirty it is. Speak up if you notice something funky... lol
Now, let's fire her up. That means get inside and start the engine. As you start the engine listen carefully for any weird noises coming from the engine or dashborad. Look at the gauges to ensure they are all functioning properly. Now it's time to buckle up and take her for s spin. If the vehicle passes the test drive... and you want the car, now is the time to consider the money side.
Car Pricing is Paramount and you should give this one just as much attention as all of the aspects of the car buying process.It is also interesting to note that car prices differ from region to region. What a car cost on the east coast can be significantly different from what you would pay on the west coast.
In fact, car prices for the same car can differ in your city. Look at it like this.
New cars come with Factory or Manufacturer's Incentives. Rebates and Discounts to boost sales of new cars. Used Car Dealerships normally bid on and buy cars at local auto auctions and then determine what is needed to prep the car for sale. This means new tires, oil changes, and any other issues that may need to be corrected on the vehicle. This is all calculated into the cost of the vehicle to the seller... as well as directly affects the cost to the buyer.
Professional Car Buyers always use the tools that are available to us. There is Kelly Blue Book and my favorite, N.A.D.A.
Each of these tools is essential to getting the right vehicle at the right price. It is a given that cars are sold for profit so it is ok to accept a slightly higher price for a given price but don't get ripped off.
Aside from car pricing, auto financing is where most people take a beating... and they don't even realize it. We all know that you can't buy a car or anything else without money.
Buying a Car is the 2nd biggest purchase that you will ever make in your life so you must make the right choice when it comes to the money side. There are millions of Americans that suffer from, for lack of a better word; bad, credit.
Financing a car can be difficult, to say the least. Actually, it all depends on you. How's your credit? This is really the very first question that you should ask yourself before even looking for a car. Most people just say they gonna buy a car because they just got a grand or two as a down payment.
They will just go to the neighborhood car dealership and attempt to buy a car that day. However, that down payment is just a small part of buying a car. The dealership MUST pull your credit to find a Finance Company that is willing to front you the money for the car and you pay them back... with interest.
To honest with you... the best Professional Car Buyer Tip that I can give you here is Don't Do It.
Don't depend on the Car Dealership to Finance your car. You do it... you should make sure that you can afford the car that you just spent all that time checking out. You should already know your deal before you even get to the dealership. I advise that you get a copy of your Yearly Free Credit Report and take a look at your credit situation.
Here is what you really need to know before you try to buy a car;
The recommended credit score needed to buy a car is 660 and above. This will typically guarantee interest rates under 6%. Auto lenders do accept nonprime and subprime customers, however, the interest rates are significantly higher. (source Lexington Law)
The point I'm trying to make here is that you need to prepare or get ready to buy a car. There are many, many, lenders willing to finance a car for you but at what cost, or interest rate. Do you know that you can actually pay twice as much as a car is worth due to a high APR?
My Professional Car Buyer Tip is to secure Auto Financing before you attempt to buy a car.
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