Some tips about buying your car online and save $$$

Mar 02 '01    Write an essay on this topic.


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The Bottom Line Tips for car bidders online. Be careful. Here are just a few hints.

Approximately $500 is saved for customers buying online
according to J.D. Power and Associates. Here are some helpful hints that I use to consider when bidding on an online car purchase site

1. Negotiate from the dealer invoice price. Do not and
I repeat do not negotiate from the manufacturer's
suggested retail price. I suggest you take a look
at www.Edmunds.com for current dealer holdbacks and
incentives which will give you how much a dealer
can give you without hurting his own pocket.

2. Be real and take the good price when it comes.
Don't try ridiculous ploys such as subtracting
dealer rebates and holdbacks from the factory invoice
and then offer $1200 less. You'll just irritate
your dealer.

3. Place your bids at the end of the month. Dealers
need to meet monthly quotas...and they may offer
more seductive offers if they need to make numbers.

4. Besides sales taxes, advertising costs as well as
title and documentation are added to your
agreed on price. Be sure you follow-up with what is
not included in the quoted price.

5. You may want to sell your old car in a separate deal.
CarsDirect.com has a service adviser arrange for
inspection and appraisal with a local retailer, so you
can apply your trade-in to a down payment.
Priceline.com won't consider trade ins and GM Buypower
requests trade in information before they give you a
new car price quote. And most car experts recommend
that you do not say you have a trade-in until you
have locked in your new auto price.


Have fun and just remember this is a huge purchase so you
should be careful. You can save money using a very thoughtful, circumspect approach.

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