Buying a car can be intimidating for anyone. Luckily, Roadloans has a quick guide with all the tips you need to navigate your next auto purchase. From working with the dealer to getting the auto financing you need, we hope you find these tips helpful.

1. buy a
CAR
HOW TO

2. Presented by

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4. RESEARCH
Visit multiple dealerships and
play them off one another.
Don’t be looking to buy the first time you go
to a dealership. Tell dealers you’re just looking
and don’t let them talk you into anything.
JON’S
DEALERSHIP
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5. Go to the dealership
when it’s closed so you
can roam with no pressure.
Take notes on what you
like, then return home and
do some serious research.
JANE’S
DEALERSHIP
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6. Get the
original
invoice
Find out what the dealer
paid for the vehicle
31
Now you’ll know MSRP and
how long the car has been
on the lot; if it’s been more
than a month, they’ll be
more eager to get rid of
it.
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7. TOP 10 BEST-SELLING CAR MODELS WORLDWIDE in 2012
http://www.usatoday.com/story/money/cars/2013/04/09/most-popular-car-ford-focus-fiesta-honda-civic-toyota-camry/2066187/
FORd F-SERIES
786,000
TOYOTA COROLLA
872,000
WULING ZHIGUANG
767,000
TOYOTA CAMRY
730,000
FORD FIESTA
723,000
VW GOLF
699,000
Chevrolet cruze
661,000
Honda Civic
651,000
Honda Cr v
625,000
FORD FOCUS
1,020,000
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8. set up your
loan in
advance.
Compare interest rates
and get pre-approved.
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9. 17,000 franchised new-car
dealerships per year
In the past 65 years, there have been
49,200 dealerships
1949 had the highest surge of new dealerships at
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10. Go later in the night at the end
of the month or quarter.
negotiating
sat
Don't bother negotiating
when the dealership is
busy, like on a Saturday.
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11. Negotiate the last 2
weeks of the year.
Dealers are most desperate
for sales because they have
to pay taxes on cars left on
the lot after the New Year.
If you are a cash client, don’t
mention it until after you have
agreed on price. The dealer will
have more room to drop the price
with the idea of making some
back in financing.
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12. how to calculate a
reasonable price for a car
Subtract dealer incentives and holdback from the
invoice price and offer 5 percent over that.
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13. THE BOTTOM LINE
Explain that you have a target price (reasonably based off of research)
and that you will be available when they meet you there. Politely
refuse counter offers and leave a phone number.
Find out dealer holdback
incentives or manufacturer
reimbursements.
Don’t take a car
home for the night.
Know beforehand the fees
you will be assessed at close.
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14. close
Say no to fees. Administrative fees are
negotiable, but you shouldn’t pay for
floor plan fees or inventory space.
Bring a calculator to know
the price of add-ons you
want beforehand.
You can save $200 to $300
when you buy an Extended
Car Warranty before your
current warranty expires.
http://www.mycarstats.com/Content/car_warranty.asp
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15. Be prepared to walk out
if you don't get the price you want.
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16. Sources:
http://www.bankrate.com/finance/auto/4-tips-for-negotiating-a-new-car-price.aspx | http://editorial.autos.msn.com/10-tips-for-regret-free-car-buying
http://www.nada.org/Publications/NADADATA/historical_dealer_count.htm | http://www.consumerreports.org/cro/cars/buying-advice/index.htm
http://www.statista.com/statistics/239229/most-sold-car-models-worldwide/ | http://www.edmunds.com/car-buying/10-steps-to-buying-a-new-car.html
http://www.autotrader.com/research/article/car-tips/211343/buying-a-new-car-whens-the-best-time.jsp
http://askville.amazon.com/real-dealer-invoice-price-automobiles/AnswerViewer.do?requestId=4664399 | http://www.usatoday.com/story/money/cars/2013/10/23/best-time-to-buy-a-new-car/3170251/
http://www.cnn.com/2008/LIVING/wayoflife/08/20/aa.car.buying.tactics/index.html?_s=PM:LIVING | http://www.bankrate.com/finance/auto/4-tips-for-negotiating-a-new-car-price.aspx
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