Wednesday, November 26, 2008
5 Ways to Outsmart Car Salesmen and Dealerships
Entering a car dealership while just shopping, typically, is like entering the war zone. You're going to be approached almost immediately by the nearest salesman who's ready to close prescription drugs on a deal you did not even know you were there to make. Being prepared for the trip and arming yourself with some basic knowledge can work wonders in your favor. By following some of these car buying tips you could possibly even beat the dealerships at their own games.
- Know your credit score and history:
Having this knowledge is extremely valuable as you know what kind of bartering power you have. If you are considering one of their cars you can usually talk about approximate payments without getting your credit pulled. Don't fill out for their credit application until you're almost certain about a car on their lot. Some dealerships will even lie about your score because they can't get a low enough interest rate to please you.
- Never be afraid to walk away from the dealership:This is your most powerful tool. Dealerships cringe when a prospective customer even starts to leave the lot after spending time with them. Often times, the sales managers will throw incentives your way via the salesman because they know how much each prospect costs in advertising. Not only that, but they don't want to waste their time invested with you more than you do. Quite honestly, leaving the lot and returning at least once is always suggested. Don't fall for any deal on the spot NO MATTER how good it sounds. Go home, check the blue book value, check some of the popular car websites, and do your homework. Trust me, this always pays off in the end.
- Never buy "AS IS" used vehicles:
Buying private you don't have a choice, but with both used and new dealerships you can barter your way into at least a 30 day warranty. When a car dealer is trying to sell a vehicle "as is" they're basically worried and trying to get rid of the liability of having to repair it. If they have got all these great things to say about the vehicle why won't they back it up? I always suggest running some sort of vehicle history or carfax report as even high end dealerships have vehicles that are damaged.
- Don't get ripped off with your trade in vehicle:Believe it or not, this is where most dealerships will make the bulk of their money (especially on selling used cars.) They will play numbers games with you until the sun comes up, it's their business. They'll offer you an additional $500 off your new car but will turn around and take it right back off your offer on your trade-in. Always try to find out what they're willing to pay for your trade-in ahead of time to avoid this.
- Don't let them talk you into something outside of your means:
The more expensive of a vehicle they sell you the higher their commission check goes. Unfortunately, this is the attitude of most dealerships out there. They are not worried about whether or not you'll truly be able to afford it and whether or not you're going to financially struggle to do so. Therefor, you need to be cautious, don't even consider vehicles that you know are out of your price range. They'll always try to talk you into it saying that they can come down or something alone those lines.
Well, hopefully I've assisted in arming you with some good ammo for your next visit to the car dealership. Remember, any vehicle transaction that takes place will affect you much more than the car salesman in the long run. Don't be afraid to speak your mind, stand up for yourself, and analyze every aspect of the deal thoroughly.
If you're unsure of which local car dealerships are best visit AutoSaleSeek.com to read customer reviews and find ratings for them. Remember, always know your credit score before approaching any car dealerships. Get your credit score first