Ask for tips buying a car

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daniel2304
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Ask for tips buying a car

Postby daniel2304 » Tue Feb 18, 2014 3:42 pm

Hi everyone,
I was looking for a new car, but my budget is around 25k only. I want a SUV, so some of the cars that I was looking for are Toyota Rav 4, Hyundai Tuscon. I usually love Honda, but I can't stand the CR-V new design @_@

So my question is how to deal with the car sale-man. I read a couple posts on here about their tricks to run credit check on you several types so you can't go with another financial company. If anyone knows more about those evil tricks, please let me know.

Also, how much you think you can negotiate for a brand new car. Saying they list a 2013 Rav 4 for 25,000. How much do you think they will let it go?

Also, the offer 0%, they did not mention about the down payment. I know that someone used to get both 0 down payment and 0% interest financing but ending up getting a basic Camry for 24K (wtf???). Is it a trade off? Do you have to pay more to get those term of financing?

Thanks in advance for any comment and sharing thought. I appreciate all!
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.


daniel2304
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Postby daniel2304 » Tue Feb 25, 2014 11:45 pm

No one could help me with this?
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

Grupet
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Postby Grupet » Wed Feb 26, 2014 9:38 am

My wife had a Honda, but hated everything about the car and the dealer. She also looked at the Tuscon, but what a horrible driving experience. The steering is really bad and you have no idea where the car is going. She got the new Ford Escape. Very nice SUV, fully loaded and a very reasonable price. It drives really nice and the steering is really firm and precise.
You can usually get some good deals at Ford. I had 2 Fords before getting a Lincoln, and was always able to get some really good deals. Usually at the end of the month, when they need to reach a certain amount of sales, they are usually easier to work with.
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JoDa
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Postby JoDa » Wed Feb 26, 2014 7:20 pm

It depends on the specific financing offer. I get financing offers from GM all the time owing to having two previous loans with them for 0%, but they always require a down payment. Since the car devalues quickly after it is driven off the lot, it makes sense to me that they would require that. Plus, it's only a couple thousand dollars...usually 10% or so. You kind of have to see it from their perspective. They're making NOTHING off you on the loan, and probably won't even be able to recover the full loan if they repo at only 10-15% down. I'd guess they do one or the other, but you could also inquire about trade-in or cash back offers that might cover your down payment basically for free...
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daniel2304
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Postby daniel2304 » Wed Feb 26, 2014 11:17 pm

Thanks guys! I appreciate it. Everyone is welcomed to comment, please!
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

MrMosby
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Postby MrMosby » Thu Feb 27, 2014 8:09 pm

I have had two 0% loans with Mazda and 0 down. My opinion is why would I put a down payment when they're letting me use their money for free.

A couple comments though - when talking to them upfront don't tell them what you are putting down or if you are trading in - just tell them you haven't put a lot of thought into it yet. This will help you to get a "clean" set of numbers to work from. Once you have settled on a price and confirm the payment they are quoting you matches the sales price (sometimes it doesn't, it's a shady slight of hand trick) then talk about down payment, and trade value (sometimes you will get a better trade deal trading in at a second dealer, but in some states you get a break on the sales tax when trading in). When you put those two factors in again double check the payment amount, to make sure it matches the price minus amount down.

Also if you have two dealers in the area take the first set of numbers from dealer 1 and see if dealer 2 will beat it. Often dealer 1 won't try to beat dealer 2 - but it's always worth a shot.
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JoDa
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Postby JoDa » Fri Feb 28, 2014 5:35 pm

I'll temper my comment with "that's just what the offer read." I don't currently own a car and bought my last one 9 years ago when I was younger and poorer (though I still got very attractive financing from GMAC (now Ally), well below what *high-yield savings accounts* were paying at the time). The offer is always just a starting point for negotiations.
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samhradh
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Postby samhradh » Fri Feb 28, 2014 8:26 pm

Not to come off as sarcastic but my #1 tip is not to buy new.
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MrMosby
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Postby MrMosby » Fri Feb 28, 2014 8:29 pm

samhradh wrote:Not to come off as sarcastic but my #1 tip is not to buy new.


Actually used is not be the smartest move, you really have to run the numbers. With 0% financing offers sometimes your monthly payment can be less when buying new than used ultimately resulting in a lower TCO. You also have the benefit of a warranty. YMMV, but you definitely should look at all options.
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samhradh
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Postby samhradh » Fri Feb 28, 2014 8:37 pm

MrMosby wrote:With 0% financing offers sometimes your monthly payment can be less when buying new than used ultimately resulting in a lower TCO. You also have the benefit of a warranty.


Fair point. But I'm one of those that would rather pay less and over a shorter period of time for money pits (ie: cars). I'd rather get a decent $10K used car and keep it for 5-8 yrs with low maintenance costs than pay $25K over 5 yrs with repair costs.

Especially given the fast pace of change in the auto industry. Big shifts in fuel economy and navigation/computer integration are happening. Gas prices will continue to rise.
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