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Tuesday, June 2, 2009

New Car Buying Money Saving Tips

By David Redfoot

Tips for buying your new car and not letting emotion get the better of you. It's exciting sitting behind the wheel of those gleaming new models. The problem is that it is normally the dealer in the driving seat when you come to work out the deal. You have to be prepared.

After some careful research, you will have decided what you can afford and what kind of car you really need. You set out with that in mind but then you see the sparkling paintwork and chrome and ...!

The salesman senses a kill. He has picked up on what you would really like and he's going to make sure that you get it. He'll convince you that the amazing deal he can get you puts it in your price range. But you'll have to buy today.

If he can't sell you a more expensive model, he can make some of those optional extras seem essential. Throw in servicing and tyres through the dealer and his great finance rate and your all set. It's costing you practically nothing.

As you leave the lot, you are feeling pretty good. That's because you don't realise how you have followed the dealers carefully constructed plan. Each step gives him the chance to take more money out of your pocket.

The dealer has a playbook of pressure tactics and psychological tricks that are designed to get you to buy now and at the maximum profit for him. They range from subtle, to not so subtle, to downright dirty. And he's an expert in deploying them.

A good tip for buying your new car is, don't. You have to prepare your own strategy before you go to the dealer. Know what models would suit your needs and budget. Set limits that you won't go beyond. It's a major purchase and worth some effort to get right.

You have to develop the mindset that you won't be influenced by emotion. You are spending a lot of money and it's up to you when and where you do. There are lots of dealers and many offers. There is no pressure on you to buy. Knowing in advance that you might have to walk away makes it easier.

If you feel under pressure, tell the dealer that you are going to buy, but not necessarily now and from him. Take back control and then ask for a better deal. There may be unadvertised offers. I got a salesman to check on this and saved $700! - 21392

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