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Buying a New Car

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7:05 am
May 28, 2012


JT_McGee

Member

posts 723

My parents are in the market for a new car. Does anyone have any resources on things like:

 

  1. Finding wholesale prices/ordering direct
  2. Incentives
  3. Tricks for buying before the model year switch?
I think they're pretty stuck on buying new rather than used, so not really a point of discussion. Used car prices are absolutely ridiculous right now, especially in my area. (Safe to say the Midwest had the most "clunkers" to take off the roads. Wink )
Any help/posts that you have on the topic would be greatly appreciated.

JT McGee – MoneyMamba

URL: MoneyMamba.com 

Twitter: @JT_McGee

Recent Post: Are We Halfway Through Our Lost Decade? (4 Charts Inside)

1:53 pm
May 28, 2012


Barbara Friedberg

Member

posts 1302

Geoff at Car Negotiation Coach is an awesome resource. Check out his site :) And good luck to them. 

5:55 am
May 29, 2012


MoneyBeagle

Member

posts 1466

You can definitely save some money if you can land a car that's about to get the new model year inventory soon.  You probably have to sniff around to find when this happens as I think it can vary by automaker. 

 

I think the increase in used car pricing is remarkable.  I use Kelley Blue Book to estimate our cars values, and our two cars have held a great deal of their value.  I think it's proof that they're building a lot better cars these days.

I'll put a plug out there to encourage buying domestic. 

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2:41 am
May 30, 2012


Liquid

Vancouver BC, Canada

Member

posts 59

Buy near the end of the month. Dealerships make bonuses depending on their sales and numbers for structured periods. They are more likely to give you a better deal on the last day of the month to meet their quota.

5:47 am
July 23, 2012


Ferratum

Guest

Barb Friedberg said:

Geoff at Car Negotiation Coach is an awesome resource. Check out his site :) And good luck to them. 

Thanks Barb Smile i'll take a look for myself!

4:01 am
August 24, 2012


CBC

Liverpool

Member

posts 62

Post edited 4:01 am – August 24, 2012 by CBC


Liquid said:

Buy near the end of the month. Dealerships make bonuses depending on their sales and numbers for structured periods. They are more likely to give you a better deal on the last day of the month to meet their quota.

At times that tactic could also work against you, as salesman may be under their monthly target. Thus leading to them squeezing as much as they can from you in order to meet their monthly target. 

CBC International are specialists in debt recovery, based in Liverpool who provide their services to businesses across the UK, Europe and Worldwide.

6:21 pm
September 10, 2012


Lance at Money Life and More

Member

posts 160

If they have access to USAA try their car buying service to get an idea of price. They prenegotiate some decent deals.

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6:42 am
September 12, 2012


Ferratum

Guest

Any update in what they went for JD? Be interested to know any tips, if they managed to save any money Smile

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