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Saturday, May 30, 2009

Cash Saving New Car Buying Tips

By David Redfoot

Tips for new car buying without letting emotion cloud your judgement. Getting behind the wheel of the latest model is exciting. But don't let the salesman be in the drivers seat when you negotiate the deal. You have to keep a cool head.

You will have done your research before you go to visit the dealer. Of course, you will have made a practical decision about the type of car you really need and your budget. You set out with good intentions but then you smell that new car smell and see that gleaming paint job and ...!

That's where they've got you. The dealer is your friend and he doesn't want you to have to settle for second best. He can see you glancing towards what you really want. It's his job to convince you that with the special deal he's going to cut you, you can afford it. As long as you buy today, that is.

He'll have you sitting in a car that you hadn't planned on or at least make some of the accessories and extras seem essential. With his great finance rate and the deal he can offer on servicing, it all seems amazingly affordable.

And you drive away feeling elated, not even realising that you have been on a treasure hunt. You have been led along a well worn path and at every turn, the dealer has added to his stock of treasure, right out of your pocket. He will have missed no opportunity to boost his profit, because he was working to a plan.

He is working to the dealers playbook of influencing techniques and psychological tricks to get you to buy now and not look too closely at the small print. Some of these are clever. Some are downright dirty.

One of the best tips for buying a new car is, don't! Before you go to buy, you need to be as prepared as the salesman is. It's a big purchase and worth the effort. It's essential to know what type of car, if not the exact model, that you want. You have to know what your monthly budget is. When you have set your limits, don't go beyond them.

You have to go in with the proper mindset so that you won't be swayed by emotion. It's your money and it is up to you, when and where you spend it. Practice saying to yourself, "I can walk away". There are lots of car dealers and lots of deals. If you don't like the first one, there is always another one. The salesman is under pressure to get the deal signed. You are not, despite what he would have you believe.

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! - 21396

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