Author : Harry Baguio
Americans are misled by car dealers sometimes They are lead to believe that a car purchase in the offered amount is the best and smartest deal that they have In reality, car purchasing is not that easy It is indeed complicated
Second to buying a home, acquiring a car is one of the most expensive purchases that we have in our life When you acquire a house, you get all help you can acquire You consult with a broker to help you find the best home for you You consult with a mortgage broker to help you find the best financing You hire an inspector to ensure safety of your house You invite an attorney to see if the contract is fair A title company will assure you a land title before you pay for your home However when you buy a car, there is no one there to help you Ironically, dealers thought that they can just smooth talk you in one afternoon and convince you to buy it in the same day If you did, then you lose much, much money
To get the best deal, follow the steps suggested below
Make your first visit
Visit the dealership at least once and survey all the car models Ride them if you want but promise yourself never to buy the car on your first visit In this case, you tend to buy a car logically You have time to think about the car deals You have time to research on the internet the dealer costs, safety ratings, option prices, and incentives that the dealer did not tell you on your visit
Consider your finances
Buy what you can afford While some deals are too attractive for you to avail, you must be very practical Consult your personal banker or credit union officer first before making a deal You don t want to default on your loan because you can t pay it resulting to the dealer s repossession of the car
Know the Finance Calculation
It is a must that you insist to your finance manager to show you the exact computation of your loan You want to achieve the best car loan possible
For example, the dealer might charge an extra 20 dollars per month without you knowing Now, if your loan is for 5 years, the dealer will earn 500 dollars just for the extra dollars Now, if you know how to compute for the loan or you let your banker compute for it, you are less prone to this overcharging incident
Write Down Everything
Another important tip for you on your car purchase is to jot down every information you learn from the car Scour every source available: internet, magazines and the salesmen Keeping notes will make everything as honest as possible because you will be able to compare all data This way, the car dealer will not be tempted to lie; because if they sense that you may have no or little knowledge of the prices, they are most likely to rip you off
To learn how to save 60% or more on your next car, check out http://www.insidecarsecrets.com/
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