Basic Steps In Buying A Car
The purpose of this site is to give you a
basic understanding of the basic steps in buying a
car.
We'll cover some of the costs involved in the
actual automobile ownership experience, what to expect in
general, automobile buying negotiating tips, and
generally help you through the steps to buying a
car as a whole process with your sanity in
tact.
Remember the more knowledge you carry with you
into the dealership the stronger of a negotiating position you
command. What you don't know puts you at a disadvantage
and could cost you literally thousands of
dollars!
So, at a high level what we are initially
discussing here are two basic operations when buying or
leasing a vehicle. Research
and Educate first. Then (and only then) go begin the
work of negotiating your next automobile deal.
When purchasing a vehicle it is important that
you understand the nature of the beast.
Negotiating and working hard to put a good deal
together is a vital part in the anatomy of buying a car.
It's not just ..... I want - I see it - I buy it......
that is unless you have unlimited financial resources,
and if you do you probably wouldn't be on this website
right now.
When working on a car deal (and keep in mind as
we go forward, the 'deal' is the complete package of
events not just buying a car. O.K.) you will probably be
introduced to and have to work your way through the
various departments at the dealership.
Sounds innocent enough...... right? Well, maybe
not. Let's take a closer look at some of the pieces and
see what's going on.
Remember, each person involved in selling you
your next car has to make their own living just as you
do. They have their own monthly bills to pay, their own
families to feed, and certainly enjoy some disposable
income just as you do. That's right. The salesperson has
to get paid.
The used car people have to make their money (if
you are trading in). The finance manager is also on some
commission and bonus pay structure. As is the sales
manager, and the general manager. And then there is the
owner or the ownership group. They have the same wants
and needs from each deal as well. Starting to get the
picture?
The 3 Basic Pieces Of The Car Buying
Deal
For our purposes, we'll break the basic parts of
the deal into three areas:
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New & Used Cars |
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The Trade-In |
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Financing |
The big thing to keep in mind that each of these
departments are operating under sales forecasts and goals
and profit expectations from management and ownership.
And believe me, at times there can be a rather intense
amount of pressure applied to meeting these goals from
the powers that be! And this can be to your
advantage (or disadvantage if you are out there winging
it).
Think of each of these areas within the
dealership as a business within a business responsible
for their own profit margin. Keeping this at the
forefront of your mind is essential as you work your way
through the dealership on your journey to put your best
deal together in the car buying process.
Always treat each area separately in your
steps to buying a car, and
work your best deal individually with each department.
This is an important point. Work each area diligently and
mentally keep them separate. It isn't just one big car
deal you are working on. It has distinct
pieces.
Let's talk about what to do before
you buy a
car next...
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