Wednesday, June 22, 2005

7 Hassle-Free ways to buying a new car

By: Prashant Desai

According to NADA, almost no single car model is sold at the
same fixed price by car dealerships in a particular area. Every
buyer receives a different final new car price quote.

In other words every Honda Accord buyer in your area would have
paid a different price for the car based on which car dealer
they went to and how well they negotiated the price. Therefore,
there is no level playing field on buying a new car.

As you may have guessed, this translates to either visiting as
many car dealers in your area as your time permits or
negotiating really hard with a shrewd car dealer.

My 7 hassle-free tips to buying a new car will certainly help
you save money and pay one of the lowest prices in your area for
any new car.

1.Finalize what car model you want and how much you're willing
to spend. This way you'll be less pressured into making hasty
decisions.

2.Identify two other competing car models that you might
consider buying or can use as a negotiating leverage with car
dealers.

By doing this you're showing the car dealer you have done your
research and are not emotionally attached to this particular
model (even though you may be).

3.Collect Internet new car price quotes for 3 competing car
models. Do not step into a dealership without getting online new
car price quotes. www.autoauctionbids.com
is a good website to receive new car price quotes from multiple
local dealers rather than just 1 car dealer as in the case of
most Internet websites. Through magazines and publication,
identify the dealer invoice price.

4.Take these new car price quotes and invoice price information
to the car dealers who provided the online new car price quote
to you. This not only shows the car dealer you have done your
research, but also shows you are serious about buying a car.

5.Now that you have invoice price & new car price quotes from 3
competing car models, stick to the total price of the car during
negotiations. The car dealer may lead you to monthly payments,
trade-ins etc., but only focus on negotiating the final price
down.

6.During the negotiation, mention about an even lower new car
price quote received on a competing car from www.autoauctionbids.com
. See if the dealer would match or beat it. Leave if you have to
and see if the car dealer calls you back.

7.At this point, you are already getting a great deal on the car
you want, so you can always go back to that dealership and buy
the car at that price, which is probably the lowest price in
town.

The advantage of this process is that, you're not engaging in
much face to face negotiation with the car dealer, since you
already have some facts to share like the new car price quote
and invoice price.

However, the disadvantage of this is that the car dealer who
made the lowest new car price quote on www.autoauctionbids.com
, will pretty much be the lowest price you would pay for the
car.

You may be leaving money on the table unless you keep going back
and forth from dealership to dealership to see if they would
beat you new low new car price quote.

An alternative to this and the ultimate hassle free way to
buying a new car would be to continue negotiating on the
Internet. AutoAuctionBids.com allows buyers to send back the
lowest price quote received for a particular car to all
participating dealers.

The car dealers can view this lowest new car price quote and
submit a lower quote. Another participating dealer can view this
new low price and submit an even lower price.

This can go on for up to 3 days and at the end of the car
auction, buyers can contact the lowest bidding car dealer and
buy the car most of the time at below invoice price.

The best part of it all is that you can conduct 3 separate
auctions for all 3 competing cars absolutely free, with no
obligation to buy at the end of the auction.

In summary, remember all new car price quotes are different and
car dealers will make a hefty profit if you cannot provide facts
about competing dealer new car price quotes and competing car
models new car price quotes. Collect these prices first and no
negotiation will be required.

About the author:
Prashant Desai, author of various consumer tips articles and
industry expert for AutoAuctionBids.com. Email him at
p_desai@autoauctionbids.com to sign up for e-Newsletter and
visit www.autoauctionbids.com
for more information.

No comments: