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Old 03-24-2009, 02:01 PM   #9 (permalink)
yournamehere
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Location: tentative, at best
Kind of repetitive, but . . . . . .

Research the price of the car on Kelly Blue Book and Edmunds. These sources will give you the average price the dealer paid for trade-in, and what they'll most likely list the car at. I always figure that everybody deserves to make a living, so I usually offer $300 more than what I think they paid for it. That's not too bad for what should only be an hour's work - and the salesman, manager, and owner can split that $300 any way they want. After you make the offer and it is refused, give them contact information and leave - do not stick around and negotiate. Do this for about a half dozen vehicles. One or more of the salesmen will call you within a week accepting your offer. It helps if you shop near the end of the month - everyone has bills they want to pay.

Once you know it's the car you want, take it to a mechanic and have it checked out. Never buy a car that hasn't been independently looked over. If the dealer or seller doesn't want you to do that - walk away and don't look back.

Also, get carfax - if any of the previous owners lived in a flood-prone area, like Houston or New Orleans, be wary - and have the mechanic look specifically for water damage.

Finally - as has been mentioned, gas mileage and insurance are also factors in the true cost of the vehicle, so do your research.

Always remember - they want to get that car off their lot every bit as much as you want to buy it. They have to sell a few cars every week to make a living, and only have 30-50 to sell at any given time. You, on the other hand, have thousands to choose from. Car buying is always a buyer's market.
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