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Guide for Buying a Car in US USA is a country on the wheel, so buying a car is very important. At Dealmoon.com, our editors have done thorough research and summarized best practice of buying cars to share with you here. 1. Model selection
Everyone has their favorite models in mind. Although a test drive can provide real world experience, there are too many models on the market to try. Therefore, it is wise of you to read some review and finalize a few top candidates. The following table provides the review links of different car brands, so you can check the details conveniently. In addition, one of the most significant factors of selecting cars is quality, that is, minimal maintenance and repair. We summarized expert opinions from professional magazines such as Consumer Reports and list the brands by the order of quality statistics in the following table (smaller number below means better quality).
2. Price check
![]() There is no doubt that price is the most important factor. Before negotiating price with the dealer, you must do some research. Generally, dealers only show MSRP which is meaningless. We recommend you to check a more realistic price — “invoice price” which is the average price in the dealer’ inside sales calculation. In fact, the dealer’s purchase price is still lower than invoice price. The manufactures adjust the price based on the dealers’ inventory turnover and sales volume. From the dealer’s view, faster turnover means less interests occurred and lower purchase price from the manufacture. In summary, if you select best selling cars, it is easy to get close to or even lower than invoice price.
Click here to begin searching. Or when you browse cars in the above review catalog, click “Get a Free Price Quote”. Input your model, and click “Go”. As a next step, the dealers you picked will provide quotes for your favorite cars. The dealers know that you have consulted several dealers, so they will not raise price too much. Moreover, some dealers will lower the price to beat other competitors. Consumers finally control the price. TrueCar is another platform that enables its users to communicate with TrueCarCertified Dealers for a hassle-free car-buying experience. You can also find the Invoice price for the car you want to buy and provide a nice plot showing the average price other people paid for your idea car and suggested price. 3. Price negotiation ![]() Now you know that the dealer’s purchase price is lower than invoice price, and you can start to negotiate price with the dealer within the given profit of $500-$2000. According to our experience, European cars are close to MSRP, and Japanese cars are lower than MSRP but less likely to be lower than invoice price. How much lower depends on your negotiation skills. American cars are close to invoice price. During the negotiation, you need to be patient but not shy. Finally, you may say, “The dealers on edunds.com provide lower price. If you beat their prices, I will buy from you locally. ” In general, it is easier to reach lower price in July, August and December, because models are updated every July and August and the dealers need to prepare annual report and clear the inventory every December. ![]() After price negotiation, the dealer will ask the finance officer to discuss with you. The manufactures often offers low APR or 0% APR and etc. We suggest you to check your credit score for $1, print it out and bring it with you. If some dealers play tricks on your credit score, you can show the printout handy. (Note: This is a 7-day trial ($1 charge) with enrollment in CreditReport.com, with access to all this service has to offer. This includes daily 3-bureau credit monitoring and credit protection alerts when your credit history changes. The cost of membership is $29.95 per month following the trial period. $1 charge for credit reports includes credit reports and scores from all 3 bureaus.) In addition, the finance officer always recommends extended warranty. According to some statistical analysis on 8000 randomly selected consumers, you may decide whether you need it. The findings are as follows: - 42% respondents said that they didn’t repair cars during extended warranty.
- 65% respondents said that they spent $1000 for extended warranty, but only got $700 benefit.
- Only 20% respondents said that extended warranty was worth.
If you have an old car to sell, for very old ones, you may consider to donate to CancerCars.org , which will get donation receipt for tax deduction.
If your car is still worth some fortune, You can post the selling advertisement free on Craglist or local bbs forum. ![]()
Autotrader.com offers paid advertisements while the information will be exposed to more potential buyers. For Deluxe package, they do offer full refund if your car is not sold in 90 days. Get the new car!
We sincerely wish you buying your favorite car with a reasonable price. After purchasing the car, it is necessary to buy car insurance. Here is a list of auto insurance web sites to provide free quote. You may compare their prices to make a wise decision.
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发表于 2013-11-22 01:27:07
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