How to Make the Dealer an Offer He Can't Refuse on a New Car
Other than lawyers, used car dealers are the most-mocked profession out there. Jokes about the
slyness and poor fashion sense of used
car dealers are everywhere. If you are
looking at
used cars, you may feel that some of those jokes are well-deserved
when a used
car dealer turns to you and asks you to make an offer on a car
you have been looking at. If you are well-prepared and have researched models of
used
cars well, though, dealing with
car dealers won't be a problem.
Researching Car Dealers and Used Cars
Before you go speak to
car dealers, you should research three things - yourself,
the
car dealers and
used cars. Of yourself, you should determine
how much you can afford to spend on a used car, what type of financing you will be using and what
you are looking for in a used car.
You should use online sites such as
Autobytel.com,
Autoweb.com,
CarSmart.com,
Edmunds.com,
InvoiceDealers.com,
AutoBargains,
CarAuctions.com,
AuctionPass.com,
CheapCarFinder.com,
AmericanAutoBargains.com,
eBay.com,
Cars.com,
Autos.yahoo.com and
NADAGuides.com
to research
car pricing. When looking at car price guides, you should look at
a number of factors.
Used cars vary in price according to region, so you should
check what specific cars cost in your area.
Used cars also vary in price
according to mileage, condition, year and even color, so you can check these factors as well.
Researching
used cars online allows you to comparison shop in the comfort of
your own home and also gives you the voice of authority when dealing with a
car
dealer.
What Researching Used Cars Does
By researching, you are arming yourself with a powerful negotiating tool. Rather than saying
to a dealer, "I want to pay...," you can say, "I notice that current pricing for this car
seems to be..." This research will also protect you. When
car dealers claim
that a car worth ten thousand is worth twelve, you'll know you are not getting a deal.
Some
car dealers will claim that Internet car prices are inaccurate, but if
you have checked with reputable sites and they all say the same thing, you can rest assured
that you have accurate information. While you are checking out the prices of cars, you can
also look up the websites of
car dealers in your area. If you are
researching over a period of time, you will likely be able to compare their prices on
used cars. If you see a model you like, print off a copy of the ad and make
sure your printer includes the date. If you see the car at the same car dealer much later
and are still interested, you can try to argue for a lower price because the car has not
been moving. If the dealer claims that the car has just shown up and there are several
people interested, you can show him the printout that proves the car has not been going
anywhere.
Talking to Used Car Dealers
When dealing with
car dealers, it is important to stress that you are not
just browsing but that you are willing to walk away from a less than good deal.
Saying something like, "If we could come to an agreement about price, I'm prepared to buy today"
suggests that you are serious but that you will not be bullied by price. When offering an
initial price on a car, be aware that
car dealers will try to raise the
offers on
used cars at least a few times. You should aim for several
hundred dollars (on a mid-priced car) in most cases. However, you should note any disadvantages
of the car (a need for a paint job, smoke smell, bumps and scrapes) and argue for a lower price,
noting that you will need to have those things fixed. That way, when
car dealers
talk the price up, you should still be within the range of what you are willing to pay.