Posted by Elizabeth Dennis on November 22, 2009 | No Comments
An insightful checklist for new car buyers to protect themselves against car dealer scams. Learn how to leave the emotion and excitement at home, perform a thorough inspection of the car, test drive the vehicle, and more.
Advice from the resource about the car dealer’s practice of playing both sides: “It is a common practice for your car salesman to play both sides during negotiations. The salesman will act as if they are taking your side and working against the sales manager to get them to accept your offer when in fact they are just trying to gain your confidence.”
An insightful checklist for new car buyers to protect themselves against car dealer scams. Learn how to leave the emotion and excitement at home, perform a thorough inspection of the car, test drive the vehicle, and more.
Advice from the resource about the car dealer’s practice of playing both sides: “It is a common practice for your car salesman to play both sides during negotiations. The salesman will act as if they are taking your side and working against the sales manager to get them to accept your offer when in fact they are just trying to gain your confidence.”
Source: Car Buying How To
Read more about car dealers and negotiation tips at Newbuyer.com.
Posted by NewBuyer on November 16, 2009 | No Comments
An eye-opening look at the inner workings of dealer-based financing. Markups that benefit the dealer are common place.
From the resource: “A dealer’s cut usually means bumping up the interest rate on the loan. Will the best deal for a dealer be the best deal for a consumer?”
Source: Bankrate.com
Read More About Where to Get an Auto Loan at Newbuyer.com
Posted by NewBuyer on November 14, 2009 | No Comments
A clear explanation of the concept of “dealer holdback.” Learn the definition of dealer holdback and see three ways holdback benefits car dealers. These include how holdbacks: increase the amount of money dealers can borrrow, inflate dealer costs in terms of commissions paid, enable dealers to take advantage of “invoice price.”
The resource goes into detail about how holdbacks provide dealers with “invisible profits” and also provides a listing of the holdbacks each manufacturer provides.
Source: Edmunds
Read More About Car Dealer Negotiation at Newbuyer.com
