Depreciation is not alone in this matter of unpleasantness - there is car loans. They are weighted so that you pay mostly interest initially, and it means that you don't have much right of user to the vehicle until the loan repayment. Though the process of car buying can be difficult, a new car buying is not a war between the buyer and the seller; instead, it's really more like a game. And if you want to win this game, you have to prepare. First of all, realize that getting the best possible deal requires a good amount of research and plenty of time. Before any negotiations start, decide which vehicle you're interested in and how you're going to pay for it to avoid confusion later. Determine what vehicle you want to buy (buying guides, research channel, car reviews), focus on financing (rebates and incentives, best and worst resale values, finding the best financing deal, payment calculators), find cars for sale near you (search new- and used-car listings). Just like sellers, car buyers must also be discreet in a time of identity theft and other age-old payment scams.
Here are some car buying tips to help avoid the most common frauds. Interview the seller before you see the car - interview may help you identify possible scams. Confirm the seller's identity. Make sure you have complete contact information for the seller (the name, address, home phone and work phone numbers). Have a mechanic inspect the car. This is a good idea when purchasing a used car or purchasing from a private seller. Know the car's relative cost. If the car pricing is significantly below market value, find out why. Most sellers aren't trying to get rid of a high-priced car for a trifle unless something is wrong. Research the car's history. The reports can help you to identify stolen cars, if it has been involved in major accidents or had other notable problems. Check out the title to be sure the seller really owns the car. If the
name on the title differs from the name of the seller, start asking questions. Request a receipt that includes all the pertinent information, warranty, purchase price, odometer readings, detailed seller contact information and a signature.
It's important to understand what effects the car pricing. Here are some factors that affect the purchase price of the car.
Newer cars which are in hot demand are not likely to sell for next to nothing. Cars with a waiting period are sold at MSRP or more. Cars which spend 0-40 days on the lot are sold at MSRP, 40-80 days on the lot at Invoice Price, and greater than 80 days on the floor for lower than Invoice Price.
Your gender and age group.
Your gender and age group play an important role while dealers are negotiating the car price with you. Young adults, women, and minorities are more likely to pay more for the car than more mature adult males. This problem can be easily solved through getting car quotes online or over the phone.
Dealers usually want to give you a better price if you indicate to them that you are considering trading in your old car. Days supply of inventory. The more cars the dealer has on his lot, the more eager he or she is to sell the cars. The auto manufacturers usually start pressuring dealerships to start moving their inventory.
Dealers prefer making larger limits per car sold rather than making smaller limits, and selling more quantities of cars.
Payment or price buyer.
Dealers try selling you on the monthly payment model. This model allows them to manipulate figures behind the scenes and still give you an opportunity to pay monthly dues that you can afford.
Always shop around for any car add-ons you may seek to install in the car. Imprudent buyers end up paying 2-3 times more for car accessories.
If you are planning to make a good, effective and advantageous car buying be prepared to be smart on how the dealers try to manipulate you and your money to get their best.