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Tips for buying a car. (pg. 16)
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| VERTiG0 |
Buy a Corolla, but I've gotta ask, what are you doing buying a brand new car? Buy a used '08 with like 25k kms on it and save a bunch of money and have the same vehicle.
Let somebody else take the initial depreciation hit. You know that my dad was in the car business for years, and he still swears that unless you've got more money than brains, buying a brand new car is very rarely a wise decision.
{edit} Go buy this, it's in Windsor too
http://www.trader.ca/powerpage/deta...30&adid=7046081 |
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| DigiNut |
| quote: | Originally posted by *~LiSa-LoO~*
I'm also bad at negotiating, so I'm interested in what people have to say about this! |
Just remember three basic rules:
Rule #1: Always go in with a target in mind (find out the dealer cost if you can, add a 2-3% profit).
Corollary to Rule #1: Any "discounts" they offer are bull. Your price is your price; how they get there is not your concern.
Rule #2: Low-ball the first offer and move up in small increments. The higher the counter-offer, the lower the increment.
Corollary to Rule #2: When they say there's no room to negotiate, it's bull. Tell them that you have no room to negotiate either, that that's all the money you've got saved up, so if they can't come down, you're just wasting each others' time.
Rule #3: It's not a negotiation if you can't walk away from the deal.
Corollary to Rule #3: They need the income, you don't need their car. A crappy commission is still better than no commission, especially after 4 hours of tedious negotiation. You have all the leverage.
If you can follow that and keep your cool, you're golden. If you can't, get somebody else to purchase for you. :p |
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| *~LiSa-LoO~* |
So I ended up buying a car today. I found a used 2008 Sentra with only 25,000km, no accidents or anything. It was $18,500, but we negotiated it down to $17,000 + 4 oil changes + tinted windows + full tank of gas.
It'll be a little bit more maintenance than the Corolla I was looking for, but I paid $5,000 - $6,000 less than the Corolla I wanted, so I'm happy with the purchase.
(Edit) Aaron, I had my mom and dad both there when I was negotiating. I would say it went well for my first time. We started the negotiation at $15,500. |
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| VERTiG0 |
Congratulations L-Dawg.
Feels good eh? |
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| *~LiSa-LoO~* |
| quote: | Originally posted by VERTiG0
Congratulations L-Dawg.
Feels good eh? |
Thanks! When I first found out I had to buy a car I was upset b/c I didn't want to yet, but now that I have one, I can't wait until it's ready to be picked up!
And thanks for all your help everyone!! |
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| *~LiSa-LoO~* |
| Another question: Extended warranties, yes/no? I have one year left on the manufacturer's warranty, but I'm wondering if I should get an extended one b/c I plan on driving this car for awhile |
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| Sentinal |
| quote: | Originally posted by *~LiSa-LoO~*
So I ended up buying a car today. I found a used 2008 Sentra with only 25,000km, no accidents or anything. It was $18,500, but we negotiated it down to $17,000 + 4 oil changes + tinted windows + full tank of gas.
It'll be a little bit more maintenance than the Corolla I was looking for, but I paid $5,000 - $6,000 less than the Corolla I wanted, so I'm happy with the purchase.
(Edit) Aaron, I had my mom and dad both there when I was negotiating. I would say it went well for my first time. We started the negotiation at $15,500. |
Nice work Lisa, I was looking at the Sentra too. Nice buy!! |
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| 1dawoman |
| quote: | Originally posted by DigiNut
Just remember three basic rules:
Rule #1: Always go in with a target in mind (find out the dealer cost if you can, add a 2-3% profit).
Corollary to Rule #1: Any "discounts" they offer are bull. Your price is your price; how they get there is not your concern.
Rule #2: Low-ball the first offer and move up in small increments. The higher the counter-offer, the lower the increment.
Corollary to Rule #2: When they say there's no room to negotiate, it's bull. Tell them that you have no room to negotiate either, that that's all the money you've got saved up, so if they can't come down, you're just wasting each others' time.
Rule #3: It's not a negotiation if you can't walk away from the deal.
Corollary to Rule #3: They need the income, you don't need their car. A crappy commission is still better than no commission, especially after 4 hours of tedious negotiation. You have all the leverage.
If you can follow that and keep your cool, you're golden. If you can't, get somebody else to purchase for you. :p |
Thank you for these negotiation tips....I now have a new game plan for my next visit to the dealership... |
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| *~LiSa-LoO~* |
| quote: | Originally posted by Sentinal
Nice work Lisa, I was looking at the Sentra too. Nice buy!! |
Thanks! One thing I loved about the Sentra....the CVT transmission!! |
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| Shankar |
Over the past few weeks I've been looking for a used car, and here are some lessons learned from what I have encountered so far:
Unless you know the person selling it, avoid buying a car from private hands. Over my scout for a used car in fairly good conditions, I have visited few people incidentally from Auto-trader selling their vehicles. As perfect and as accident-free as they seemed, there was always something in them that at the end of the day made it not worthwhile buying these cars. For example, yesterday I saw an ad on Auto Trader about a 2002 Honda Civic. only 95,000kms!! Alarm, CD, etcc. The car had not a single accident and is first-time owned. The owner also had a legitimate reason to sell it, so all seemed fine. After bargaining with the owner for maybe 10 mins, he easily lowered the price down from the one mentioned originally on Auto Trader. So anyways, all is good and dandy. But I decided to take the car for a check at my Mechanic buddy's place (which brings me to another lesson learned: ALWAYS take the potential purchase car to a mechanic you trust for an assessment. It will save you hassle and headache in the future). My buddy opened the hood and noticed that there was not a single drop of antifreeze in the car. The engine was over-pressured and overheated. He also noticed the pores through which antifreeze would potentially leak into the engine and then travel out through the exhaust pipe. Even if I'd fill up the antifreeze, in 2 days it would empty out again. In other words, what seemed to be at the first look a great vehicle, turned into a potential headache and $1000's of dollars on repair in the future. |
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| JoyRyde |
| quote: | Originally posted by *~LiSa-LoO~*
So I ended up buying a car today. I found a used 2008 Sentra with only 25,000km, no accidents or anything. It was $18,500, but we negotiated it down to $17,000 + 4 oil changes + tinted windows + full tank of gas.
It'll be a little bit more maintenance than the Corolla I was looking for, but I paid $5,000 - $6,000 less than the Corolla I wanted, so I'm happy with the purchase.
(Edit) Aaron, I had my mom and dad both there when I was negotiating. I would say it went well for my first time. We started the negotiation at $15,500. |
hahahaha YEAH!!!! NISSAN!!!! lol Second nissan in the neighbourhood now.
Solid choice. AMAZING CAR. AMAZING DEAL. Nice call with the oil changes and tinted windows and tank of gas. :D . 25,000km is like nothing. Congrats! |
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| StereoPrincess |
| lol. i will ask the girlie question. what colour is it Lisa? |
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