Top 10 Tips You Must Know When Buying a Car

By: Alex Fir

1. You should purchase your new car at or around Christmas time
because with everybody buying their Christmas presents, not many
of them are looking to buy a new car, and it forces dealerships
to up their sales strategies. Salesmen are more willing to
haggle down to your prices to close the deal.

2. You can also get a good deal from July to October because
that is the time of year when dealerships are trying to get rid
of their inventory to make way for the new models.

3. Purchasing a car online is becoming a great way to get a new
car. Just wait for good rebates and incentives online and shop
around. Print out your information from the best quotes and
bring it to the dealer that you are most willing to work with.
Bringing in lower quotes from another company might be your best
bet in getting a good deal.

4. You should visit FightingChance.com if you are hoping to find
new car prices, dealer incentives, and the best rebate offers.
This site is the first place that you should go for great advice
on buying a car. It's even more informative than the Kelley Blue
book. This program for buying new cars can literally save you
thousands of dollars.

5. A good place to start when going into a dealership is to
bring a copy of your credit score with you. It can lower your
interest rates on your car loan. Your car dealer should not know
more about you than you do.

6. You can avoid a common scam that dealerships pull. You will
often hear that your financing fell through and that you have to
respond by paying more money on your loan. Don't believe it.
It's another reason for you to get a copy of your credit score.

7. Another common scam by dealership salesmen is for them to
tell you that they have found you a lower rate, but that they
want you to re-sign your loan papers. Usually, that is a
downright lie. Once they pull up your financing information,
they have the upper hand if you don't know the details about
your credit information. You can get a copy of your credit
information online at equifax.com for about $10-$15. It's better
to pay $15 now than thousands later.

8. Don't bring in a car for trade in if you still owe money on
it. The dealership rarely pays the rest of the loan on time
which will result in you having to pay a great deal of late fees
to the bank. If you do decide to bring a car in that you owe
money on, get it in writing from the dealership that they will
pay the balance on the car within 10 days.

9. Sometimes a dealership may not have all of your options and
must order the car directly from the dealership. If this happens
they will often ask you to pay $500-$1000 for a deposit on the
car. Try not to pay more than $500 and be sure to pay with a
credit card because sometimes the dealership will tell you that
there was a price increase on the vehicle and will want more
money. If you pay with a credit card you have room to dispute
the amount being taken from you. If you pay by check, you can
just consider the money gone.

10. You should never buy a car when you are in desperate need
for one because a dealer will see that and take advantage. You
should never wait until an old car is dead before searching for
a new one because you should give yourself time to shop around
for one and get the best deal possible. Desperation often clouds
your judgment.

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