What Is The Best Way To Buy New Car For Best Deal?

[mtndew_dad]

Originally Posted By: crazyoildude
My neighbors daughter which lives about 2 hours away wants to buy a new SUV but is clueless to the stealers ways and does not know how to negotiate what is the best way for her to go about this? She asked about going through something like Costco or something along those lines...Any ideas?
She is going with her boyfriend and refuses to go with anyone else i know they are going to be ripped off.


Ok, crazyoilduderunonsentenceman. My guess is if she is going with her boyfriend and refuses to go with anyone else, she is also not going to listen to advice from a neighbor of her parents who got his advice from some strangers on a forum about motor oil!

 

[Kuato]

Originally Posted By: crazyoildude
My neighbors daughter which lives about 2 hours away wants to buy a new SUV but is clueless to the stealers ways and does not know how to negotiate what is the best way for her to go about this? She asked about going through something like Costco or something along those lines...Any ideas?
She is going with her boyfriend and refuses to go with anyone else i know they are going to be ripped off. They are super nice and have degrees in all sorts of useless things but in the real world they are both handicapped!


Employee-style purchase plans can help take the mystery out of new car purchases. For example, membership for 60+ days in EAA will get you a reduced, fixed, previously negotiated price on a new Ford.

 

[Cujet]

Costco deals can be quite reasonable. As certain fees are prohibited. Couple that with the discount, and the out the door price is often acceptable.

Even so, I prefer to do online searches for the best deals.

"Fairway Ford" in Ohio, has, hands down, the best F150 prices anywhere, for example. And, they will beat Costco by thousands everytime.

 

[MCompact]

Always remember that the party that is willing to walk away holds the advantage.
When I land on a car I do my research and only then do I negotiate the out-the-door(OTD) price. That is, what is the amount I have to write the check or(less frequently) finance in order to buy the car?

Example: Let's say I've determined that a fair price for the car I want is $35,000 and the fair trade-in value of my car is $5,000. In KY the 6% sales tax is calculated on the difference, so 6% of $30,000 is $1,800; the maximum OTD offer I'd accept would be $32,000- but I'd probably start negotiating at $28,000. This method keeps the dealer from throwing in all sorts of bogus fees and charges.

My problem is that I'm the cross-shopper from H**l; at present my candidates range from a new Mustang GT to a CPO SRT8 Challenger to a 2015 STI to a 2006 Elise(with a Katana 2 s/c)...

 

[surfstar]

I doubt a single female really needs a new SUV.

If its not too late, have her and the b/f read:
"If You Can
How Millennials Can Get Rich Slowly"
http://www.amazon.com/If-You-Can-Millennials-Slowly-ebook/dp/B00JCC5JKI
which is actually free here:
www.etf.com/docs/IfYouCan.pdf

don't start off young and in debt. Buck the American way.

 

[andrewg]

Originally Posted By: aquariuscsm
What I would honestly tell her. I never sugar coat advice I give to people when they ask for it. I'd tell her that her bf REALLY needs to man up and take care of her,especially if they plan on having a serious future together,or she needs to consider finding a better bf. She's an adult and is too old to have her parents hold her hand. Or better yet,I'd tell her bf myself.

I guess I'm old fashioned but I believe it's a man's job to take care of his girl.


I agree with this 100%!

I'm old school as well and if this boyfriend can't even assist her properly to purchase a car....then she should either dump him....or give him a swift kick in his pants and tell him to take care of this. Time to leave daddy and mommy out of it.

 

[surfstar]

Yes, I'm sure a 20-something grown women really wants a "man" to purchase the car for her. Or to tell her what she should buy.

"Here, buy this for this much and like it"

The days of Mad Men are long gone, gents.
"old school" and "set in his ways" are euphemisms for out of touch with current day reality.

 

[javacontour]

The typical car buyer is shopping for multiple things:

1. The new car.
2. A trade in.
3. Financing.

To get the best deal, try to sell your trade yourself to simplify the transaction. Second, get pre-approved so you know where you stand if you are borrowing to buy the car. Finally, get educated at some of the websites above regarding current prices, rebates, etc.

The best way to not get ripped off is to know what the car is worth and what you are willing to pay and know where you stand with financing.

Salespeople try to take advantage of those who do not know better. If you do an hour or two of homework before you go, you stand a good chance of getting a decent deal.

I'd advise taking a person who is not emotionally tied to a deal. I remember when I was at Ft Gordon and one of my fellow officers wanted to trade his Jeep for an Acura. We drove to Atlanta and I was his analysis man. When the dealer tried to sell him add-ons and wheels I reminded him that they were going to keep the factory wheels and he could by a set elsewhere and keep these for the same or less money than the dealer charges.

Dealers try to make things easy. One transaction, one payment, one place to stop. Nothing wrong with that. But as long as you understand there may be less expensive alternatives...

The dealer tries to sell you at every opportunity. The car, the trade, the financing, the extended warranty, the extras....

You get the idea. The more of these opportunities you can bypass or just say no to, the better off your wallet will likely be.

 

[Quattro Pete]

Originally Posted By: surfstar
The days of Mad Men are long gone, gents.
"old school" and "set in his ways" are euphemisms for out of touch with current day reality.

Agreed. If they both have fancy degrees, then presumably they both also make decent money, so she should have as much say in this process as he does.

And if they don't want others' advice on this and end up overpaying or buying something they did not really need - well, that'll be a great learning experience for next time. It's just a car.