LUNSTON BRYAN BLOG

Many of us have been at the car dealership and have been drained by a salesperson during price negotiations for the purchase of a new car. Most people give in too easily or do not negotiate at all to avoid the dreadful act. This only means more money in the car dealers’ pocket, while you are out of several thousand dollars! Yes, they make that much in profit per car. This article unveils the dealer’s selling tactics and how you can get around them. But before we dive into the new car buying tips, we need to understand what makes up the dealer’s profits. In addition to the MSRP (manufacturer suggested retail price), which is the dealer’s cost for the car plus an additional 20-25% profit, a dealer also gets financial incentives from the manufacturer when a new car is sold. This is called Holdback. Depending on the car, dealers can make hundreds on each car through holdbacks. Dealers also get additional incentives and bonuses on selling a car before the end of the month and/or quarter. A ...

I have always purchased my cars used. And every single time, I got a great deal because of a few secrets that is easy to do. These secrets will save you money. And the good news is there is no luck involved. If you follow these steps you are guaranteed to save lots of money, so please pay attention. BUYING A USED CAR Power Tip #1 - Check Consumer Reports on the safest cars out there. Looks are one thing, but never ignore safety. Here's what you do: Go to a reputable car repair shop and ask if you can bring the vehicle by for a look-over. There is a 99% chance they will say "yes". While you're there, ask what cars they have to repair most often. Also, ask what the inspection includes, how long it takes, and the price. Always get this information in writing - just to be safe. Once the vehicle has been inspected, ask the mechanic for a written report with a cost estimate for all necessary repairs. Be sure the report includes the vehicle's make, model and VIN. If you...

Tip 1 - Pick your time. If you can possibly help it, don't sell your car after Christmas, when no one has any money. Consider holiday periods: will the people be in town or away. Sometimes this can work in your favour because if people are not at work they have more time to look for cars, and they are usually cashed up with nothing to do. On the reverse side, when buyers are busy working, they don't have the time to do a lot of car shopping, which can make negotiating easier. Additionally for this reason, if you get a buyer to come on a week-night, it is unlikely he can compare yours to other cars - which can sometimes work in your favour. Tip 2 - First Impressions are everything Just like you are going on a date - first impressions are everything. Get all the rubbish and junk out of it. Deodorize it. Wash it, clean it. Tip 3 - As the good boy scout says. Be prepared. Get your paperwork in order. Find the spare keys. You don't want to be rushing around at the last minute...