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Cars and Transportation
Reply to "I have to buy a car and have never done so - Advice?"
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[quote=Anonymous]I am a married woman and I negotiate all of my car purchases. My husband comes along because he likes to watch the theater of it all. I secure any financing ahead of time through our credit union. This last time I wanted to trade in my old car and I wanted to explore other options, so I went to Carmax first just to get a look at all types of cars on one lot. I didn't want to buy anything there, but I did sell them the car I wanted to get rid of because I got more money doing that than I would have if I tried to trade it in. Once I decided what type of car I wanted, I compared the prices I could get through my credit union's buying service against what dealers were asking on their lots for cars they wanted to move before the new inventory came in. I did an internet search and found the make and model I wanted at a dealer that was trying to make room for new models. I used the dealer's "make an offer" feature on the website and indicated how much I was willing to pay. I low-balled that a bit knowing they would come back higher. When the salesperson called me we negotiated a price that was actually $1,000 less than what I had really planned on spending, and I told him that I would come to the lot to finalize the deal as long as I could be in and out within two hours at the negotiated price. I told him that if I got there and there was any sort of pressure to work the deal differently I would walk away. (And I was prepared to do so.) I got there, shut down their financing spiel very quickly, and I drove away in my new car in less than two hours. The main thing is to do your homework ahead of time, figure out a budget and stick to it, and definitely secure your financing ahead of time.[/quote]
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