Archive for the ‘Credit’ Category
MEHANGA SINGH asked:
1.The best advice I can give you is to take your time when looking for a car, and don’t make any rash, emotional car buying decisions.
Every car salesman you come into contact with will have only one thing on his or her mind; to get you to buy a car “today!” These people work under the assumption that you will never come back, so they have to close the deal while you’re in there the first time. for more details visit to www.auction-professional.com .Don’t give into the pressure. Take your time and sleep on it . . . for several nights! You’ll be amazed at how different your perspective will be on a car deal after a couple of days.
2.Don’t let the car salesperson talk you into giving them any deposit before you are ready to buy. If you are paying cash forget about giving them a deposit and just pay for the car in full when you pick it up.
A deposit is nothing more than a means of control to a car sales person. That’s the only reason they ask for one. Once they have your money they can lead you around as if you had a ring in your nose!
And good luck getting it back if the deal goes south! Just tell them “NO!” If they give you a hard time tell them you will go somewhere else to buy a car. This will settle them down! If not, take your business to a dealer who will not put so much pressure on you . . . If you can find one!
If you do give them a deposit . . . after the car deal is finalized – not before . . . if at all possible use a credit card. This way if the deal falls through and they won’t return your deposit you can get it back through your credit card company.
3. Do as much research on the internet as you can. Visit the car price quotes sites I have listed at: New Car Price Quotes. In addition to getting price quotes you can research all the different makes and models. Once you decide what you want to buy you’ll have to visit a car dealer to see and drive the type of car you’re interested in.
Just tell the car salesman up front that you are there to narrow your choices and that you are not buying yet. He’ll still pressure you to buy right away, but just stick to your guns and don’t be pushed into anything. For more information logon to www.auction-entrepreneur-kit.com .You’re the one with the money and you are in control. You can always get up and walk out if they push you too hard. Just laugh at them and have some fun with the whole process. Don’t let it stress you out.
4. Once you are settled on a car get the invoice price from the internet. Make sure you do it accurately, accounting for all the options on the car you want. You can get everything you need off of the car’s window sticker; just write it all down including the VIN and take the information home, and figure out the invoice price on the internet at one of the sites listed on the page at the link above. Edmonds is a good place to go. You’ll find their link on the above mentioned page.
5. Also find out what rebates are available. Once you have that information take the dealer invoice price and add about $400 to $500 for dealer profit. Tell the dealer that’s your price. Once they agree on a price with you tell them to figure an out-the-door-price which includes tax and title fees. Take this price and subtract the rebates and this should be what you have to pay for the car. If the dealer won’t cooperate go to another dealer. Sooner or later you will run into a car dealer who will appreciate your business.
1.The best advice I can give you is to take your time when looking for a car, and don’t make any rash, emotional car buying decisions.
Every car salesman you come into contact with will have only one thing on his or her mind; to get you to buy a car “today!” These people work under the assumption that you will never come back, so they have to close the deal while you’re in there the first time. for more details visit to www.auction-professional.com .Don’t give into the pressure. Take your time and sleep on it . . . for several nights! You’ll be amazed at how different your perspective will be on a car deal after a couple of days.
2.Don’t let the car salesperson talk you into giving them any deposit before you are ready to buy. If you are paying cash forget about giving them a deposit and just pay for the car in full when you pick it up.
A deposit is nothing more than a means of control to a car sales person. That’s the only reason they ask for one. Once they have your money they can lead you around as if you had a ring in your nose!
And good luck getting it back if the deal goes south! Just tell them “NO!” If they give you a hard time tell them you will go somewhere else to buy a car. This will settle them down! If not, take your business to a dealer who will not put so much pressure on you . . . If you can find one!
If you do give them a deposit . . . after the car deal is finalized – not before . . . if at all possible use a credit card. This way if the deal falls through and they won’t return your deposit you can get it back through your credit card company.
3. Do as much research on the internet as you can. Visit the car price quotes sites I have listed at: New Car Price Quotes. In addition to getting price quotes you can research all the different makes and models. Once you decide what you want to buy you’ll have to visit a car dealer to see and drive the type of car you’re interested in.
Just tell the car salesman up front that you are there to narrow your choices and that you are not buying yet. He’ll still pressure you to buy right away, but just stick to your guns and don’t be pushed into anything. For more information logon to www.auction-entrepreneur-kit.com .You’re the one with the money and you are in control. You can always get up and walk out if they push you too hard. Just laugh at them and have some fun with the whole process. Don’t let it stress you out.
4. Once you are settled on a car get the invoice price from the internet. Make sure you do it accurately, accounting for all the options on the car you want. You can get everything you need off of the car’s window sticker; just write it all down including the VIN and take the information home, and figure out the invoice price on the internet at one of the sites listed on the page at the link above. Edmonds is a good place to go. You’ll find their link on the above mentioned page.
5. Also find out what rebates are available. Once you have that information take the dealer invoice price and add about $400 to $500 for dealer profit. Tell the dealer that’s your price. Once they agree on a price with you tell them to figure an out-the-door-price which includes tax and title fees. Take this price and subtract the rebates and this should be what you have to pay for the car. If the dealer won’t cooperate go to another dealer. Sooner or later you will run into a car dealer who will appreciate your business.
credit plus asked:
Buying a new car is likely to be one of the biggest purchases you make other than buying a house, therefore when buying a car it is important to take many issues into consideration.
The current economic climate has left consumers struggling with cash flow. Therefore it is important for consumers to make sure they consider their own situation in terms of being able to afford certain goods. Cars, being a large cost yet important in most people lives, are available to purchase either by a lump sum payment or available on finance.
“while registrations of new cars for fleet and small business users are both expected to decline, Mintel believes that the downturn will have most impact upon sales to private individuals, which are expected to drop below 1 millions units for 2008” (Mintel 2008).
This market downturn has possible implications of increasing prices from dealers who need to maximise on each sale. The future car market is not set to recover from this for a few years yet. With no growth, and inflation increasing each year, the car market could suffer.
“Mintel forecasts difficult times ahead for the value of the total car market, with growth remaining stagnant. From 2008-2013 we expect the market to grow and decline by one percent. Without the effects of inflation on motoring this equates to a drop of 10%” (Mintel 2008).
There are some who believe that buying a car is something that consumers should consider doing whilst the country is in this downturn as dealers will become more competitive to sustain sales figures. The marketplace could be seen as an attractive proposition to those who are not as affected by the credit crunch or economic downturn as some others.
“A potential slowdown in the economy, cost of fuel and road charging are some of the factors that will make it difficult for this market to sustain growth. Furthermore competition is likely to grow strong, as people become savvier and aware of prices through searching on the web” (Mintel 2008).
Buying a car on finance is therefore an attractive option for some consumers, who are able to see through the now acclaimed recession. If the payments for a car are split to small monthly manageable payments rather than one large lump sum then it is more feasible to sustain a good cash flow for most consumers through these harder times.
The economic downturn is has a large effect on the lending market. Due to current banking conditions, banks are less willing to lend finance to consumers. The implications of which for buying a car or sourcing a car on finance for consumers means it will be harder for them to obtain finance without applying for a secured loan and or those with solid credit history.
However, it is still possible to get the finance for buying a car for those with poor credit as there are some banks, more stable than others, that are able to capitalise on the poor market environment.
Consumers seem to be less interested in the notion to buy a new car. New car sales a set to decrease by 17% but buying used cars is set to rise to 14%.
Used cars that depreciate less have become a more attractive option when looking to buy a car than buying a new car.
In the long term cars will remain essential for many, and as the economy regains strength there should be no reason why this market cannot return to strong positive growth, particular as the new concerns such as being greener impact on new car designs” (Mintel 2008)
Buying a new car is likely to be one of the biggest purchases you make other than buying a house, therefore when buying a car it is important to take many issues into consideration.
The current economic climate has left consumers struggling with cash flow. Therefore it is important for consumers to make sure they consider their own situation in terms of being able to afford certain goods. Cars, being a large cost yet important in most people lives, are available to purchase either by a lump sum payment or available on finance.
“while registrations of new cars for fleet and small business users are both expected to decline, Mintel believes that the downturn will have most impact upon sales to private individuals, which are expected to drop below 1 millions units for 2008” (Mintel 2008).
This market downturn has possible implications of increasing prices from dealers who need to maximise on each sale. The future car market is not set to recover from this for a few years yet. With no growth, and inflation increasing each year, the car market could suffer.
“Mintel forecasts difficult times ahead for the value of the total car market, with growth remaining stagnant. From 2008-2013 we expect the market to grow and decline by one percent. Without the effects of inflation on motoring this equates to a drop of 10%” (Mintel 2008).
There are some who believe that buying a car is something that consumers should consider doing whilst the country is in this downturn as dealers will become more competitive to sustain sales figures. The marketplace could be seen as an attractive proposition to those who are not as affected by the credit crunch or economic downturn as some others.
“A potential slowdown in the economy, cost of fuel and road charging are some of the factors that will make it difficult for this market to sustain growth. Furthermore competition is likely to grow strong, as people become savvier and aware of prices through searching on the web” (Mintel 2008).
Buying a car on finance is therefore an attractive option for some consumers, who are able to see through the now acclaimed recession. If the payments for a car are split to small monthly manageable payments rather than one large lump sum then it is more feasible to sustain a good cash flow for most consumers through these harder times.
The economic downturn is has a large effect on the lending market. Due to current banking conditions, banks are less willing to lend finance to consumers. The implications of which for buying a car or sourcing a car on finance for consumers means it will be harder for them to obtain finance without applying for a secured loan and or those with solid credit history.
However, it is still possible to get the finance for buying a car for those with poor credit as there are some banks, more stable than others, that are able to capitalise on the poor market environment.
Consumers seem to be less interested in the notion to buy a new car. New car sales a set to decrease by 17% but buying used cars is set to rise to 14%.
Used cars that depreciate less have become a more attractive option when looking to buy a car than buying a new car.
In the long term cars will remain essential for many, and as the economy regains strength there should be no reason why this market cannot return to strong positive growth, particular as the new concerns such as being greener impact on new car designs” (Mintel 2008)