tag:blogger.com,1999:blog-14245531.post3054046238271661223..comments2023-11-18T01:21:55.631-05:00Comments on My Open Wallet: Negotiation for a New CarMadame Xhttp://www.blogger.com/profile/11536189690094235926noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-14245531.post-28517506850195768172012-07-30T09:51:26.396-04:002012-07-30T09:51:26.396-04:00Wow!! Something unique got to read after ages. I a...Wow!! Something unique got to read after ages. I agree there are several determining factors like Dealer Invoice, Advertised Rebates,Dealer Incentives,The Advertising Charge, the hold back and so on that denotes a successful buying of a new car. I have recently went for my brand new Honda hence had to go through a lot of hazards before buying it. :) Thanks a lot for sharing the tips.<br /><a href="http://www.easyfinance.com/" rel="nofollow">Jennifer Goldblum</a>Jennifernoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-44625229210657626942012-07-23T12:54:58.359-04:002012-07-23T12:54:58.359-04:00It's always smart to go into a negotiation wit...It's always smart to go into a negotiation with a set price you will be happy with, and then a price where you will walk away. The goal is obviously to get the lowest price possible. I found that threatening to go to another local dealer, gets the dealer more willing to lower their price, when they previously wouldn't.Bo Manryhttp://www.checks-superstore.com/personal-checks.aspxnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-36646405807262332892012-07-02T12:55:15.454-04:002012-07-02T12:55:15.454-04:00You haven't posted since 6/11....it's been...You haven't posted since 6/11....it's been almost a month, anything new? I know you have a b/f now but can he take that much of your time....I'm married and make time to talk saving money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-42928422162987485852012-06-30T20:57:42.349-04:002012-06-30T20:57:42.349-04:00Madame X,
What should one target paying?
If MSRP...Madame X,<br /><br />What should one target paying?<br /><br />If MSRP is M, and invoice is I, in an ideal purchase what should one target?<br /><br />How much is dealer holdback? How does one find it? What effect does it have on the sale price?<br /><br />Sorry for the ignorance. If there are sites that answer the above questions, particularly about holdback, please point to them.<br /><br />Thnaks in advance!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-14054376603664622062012-06-23T21:06:59.218-04:002012-06-23T21:06:59.218-04:00When I buy my next car, I'll go to a single de...When I buy my next car, I'll go to a single dealership to test drive the car and ensure that's what I want. I'll then email all the area dealers in my area and tell them exactly what I want, then ask for their best price, inclusive of all fees.<br /><br />Car dealers will usually ask if you'll be financing with them and i usually put them off by saying i want to focus first on determining what their price to me will be. I don't reveal until that price is set that I will, in fact, be paying cash. I paid cash for my last 2 cars, but i think if i let them know early on that i wouldn't need financing (and thus, a lost opportunity to them to make more money off me) they might not be even more tight-fisted with the car price.Connecticut Bloggerhttps://www.blogger.com/profile/04645853009504991168noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-921795385252425242012-06-18T06:17:20.175-04:002012-06-18T06:17:20.175-04:00If you are aware of the risks involved in stock ma...If you are aware of the risks involved in stock market, you can take some preventive measures so that you can minimize loses. It is suggested that you must not face loses even if you do not make profits.free commodity tipshttp://www.trifidresearch.com/noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-3453800723248652732012-06-16T08:15:38.628-04:002012-06-16T08:15:38.628-04:00I'm a hopeless negotiator. I'm looking at ...I'm a hopeless negotiator. I'm looking at buying a car in the next six months and I already know I'm bringing my dad along to assist.Abbyhttps://www.blogger.com/profile/07582970783197875752noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-30968394605885944602012-06-15T07:04:50.377-04:002012-06-15T07:04:50.377-04:00Buying a car for a fair price is quite difficult. ...Buying a car for a fair price is quite difficult. Car salesmen are specially trained to negotiate. I used to be one myself, actually, so I am quite familiar with their style!<br /><br />No matter how much you dislike haggling, you do NOT accept the first price. When I was in the business, I would always charge at least 30% more than the price I was willing to let the car go at.<br /><br />One should always keep in mind that car salesmen have the ability to figure out who is buying a car for the first time, and who isn't. They know who to target as prey, and who to not bother with their act.<br /><br />I am really glad you advised your friend to carry out sufficient research before she made the final purchase. <br /><br />Regards,<br /><br />AbbasMerchant Account Providerhttp://www.nextpay.comnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-78935198794270752302012-06-13T08:48:52.750-04:002012-06-13T08:48:52.750-04:00I enjoyed this story. I love haggling, and this pa...I enjoyed this story. I love haggling, and this past year in the Middle East my husband and I bargained up a storm and came back with souvenirs that we are really happy with. That of course is different than car buying, but I am one of those people who will ask at hotels for example if there are any discounts available, or in general will see if prices are totally firm. You have to see it as a game, and if you do, you will see that generally prices are lower for the consumer when haggling is permitted. This has been shown, by the way, in many studies. In terms of car buying, though, what a drag! One of the other commenters had some good tips. I just hate going around to all those places, maybe because I'm not a car person. I do think, though, that instead of being stressed out because they are "cheating" you, the best idea is to think about it as a win win, and that you are getting something you want, and they are getting something they want. But that means you have to do your homework, make sure that you are buying something you really want, and at a price that is acceptable and favorable to you. It can also be acceptable to them and favorable to them. Just my 2 cents.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-82734382836162954932012-06-13T07:32:17.234-04:002012-06-13T07:32:17.234-04:00Do not buy stocks in small volumes. If you have en...Do not buy stocks in small volumes. If you have enough capital and you can spend these in huge volumes of the stocks that you have been eyeing for quite some time, then go for the latter.Stock tipshttp://www.trifidresearch.com/noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-84965748248616736542012-06-13T07:26:48.456-04:002012-06-13T07:26:48.456-04:00They wouldn't have survived the online market ...They wouldn't have survived the online market system had it not been for the trading tips they received from experienced traders. It only makes sense to pay it forward.Stock tipshttp://www.trifidresearch.com/noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-69246626157806390222012-06-12T10:13:46.823-04:002012-06-12T10:13:46.823-04:00Caryn-- as always, I make no claim to be giving ex...Caryn-- as always, I make no claim to be giving expert advice on this site. I tell stories about my experiences (and others') with money-- good and bad, successes and failures.Madame Xhttps://www.blogger.com/profile/11536189690094235926noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-82955173332498611392012-06-11T22:37:27.126-04:002012-06-11T22:37:27.126-04:00I worked for a car dealersip software company from...I worked for a car dealersip software company from 2005-2011, so I could see the deals from the dealerships' perspectives. Here is how it boils down:<br /><br />1. Figure out your happy price. The price that you can be happy with and that is generally acceptable to dealers. I use Kelly Blue Book.<br /><br />2. Find outside financing. You can still tell the dealer you are financing through them, but now you know how low they have to go to earn the business.<br /><br />3. Haggle for the price online or on the phone with dealers so you can use offers to work back and forth for the best deal.<br /><br />4. If you want any extras like extended warranties, remember it is all negotiable. Never pay full price for add-ons.<br /><br />5. After working out all of the details using their best financing rate, if it isn't as low as the one you got from outside financing like a credit union, just let them know that the deal is good to go but you will be paying in cash from the outside financer. That will get you the best terms.<br /><br />It took 3 hours in the dealership (didn't know to do it online at that time), but I was able to get my husband's 2007 Prius in 2008 for $21,500 instead of $28,000 like they were asking or $33,000 like the new ones were going for. This was while Prius' were on waiting lists and gas was reaching $4 a gallon here in Houston in 2008 (that's the worst it's ever been here). He still loves his car and I loved the fact we were able to pay it off in 2 years. Hopefully it'll be our last car loan for a long time.Crystal @ Prairie Ecothrifterhttp://prairieecothrifter.comnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-37410441467362201852012-06-11T17:55:52.197-04:002012-06-11T17:55:52.197-04:00I hate the idea of leaving a negative comment, but...I hate the idea of leaving a negative comment, but you've gone about this all wrong. I'd hate to think someone might google this post and think this is how it's done. Your friend really needs to talk to someone with some car buying experience ASAP! I wish I could explain it to her in a comment, but it's too hard commenting from a phone. I usually appreciate your posts, but you're completely out of your element on this topic.Carynhttps://www.blogger.com/profile/18333063226472904422noreply@blogger.comtag:blogger.com,1999:blog-14245531.post-19565982245146499702012-06-11T16:39:25.379-04:002012-06-11T16:39:25.379-04:00I always lease cars, which is a little bit differe...I always lease cars, which is a little bit different from buying in terms of the negotiation. My father is really good at negotiating, so I always bring him with me when I get a new car, and I've gotten fantastic deals. I hate to give in to the sexism, but car salesmen really try to take advantage of female customers, and it helps to have a man present.<br /><br />I think one of Consuelo's mistakes was letting on that she had already decided she wanted that car. If I'm not 100% ready to make a deal, I tell the salesman that I want to look at cars X, Y, and Z before I make a decision. They still try to offer you a deal (and of course claim that it's only good if you buy the car right now), but it's pretty easy to deflect the pressure by saying you are still looking at other cars.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-14245531.post-46053763835421603672012-06-10T18:26:30.613-04:002012-06-10T18:26:30.613-04:00I bought a new car about 6 years ago. It was an SU...I bought a new car about 6 years ago. It was an SUV with a price range of $32k - $36k. My inner buying process took a few months. <br /><br />-First, I mentally selected the car I wanted, did legwork; read reviews, found out about CR suggested price range, etc. <br />-Second, I requested quotes from 3 local dealers VIA email. After initial back and forth, I selected the dealer from which I wanted to buy the car. <br />-Third, I negotiated add-ons, final price, etc. I even asked for a list of total costs with dollar amounts! Up to this point, all happened VIA EMAIL, no visit to the dealer, no phone conversation, etc. <br />-Fourth and final, once I agreed to all, I visited the dealership, signed up the papers and drove the car home! I suspect that salesman had spoken to the finance officer about me prior to signing the papers, so he did not even bother to sell me the usual extras. This was the best way of buying for me since I very much dislike dealers and their sales tactics.Early Financial Freedomhttps://www.blogger.com/profile/05292803583895310805noreply@blogger.com