Extended Warranty Reviews
Get A Low Price On A New Car Via The Internet Without A Headache
Background
Many new car buyers fear the process of purchasing a new car will be long, adversarial, and full of pressure. Buyers are worried they won't get the best price on the make and model they want, and worse, they're hesitant to go through the uncomfortable process of negotiating with what they believe to be less than honest salespeople.
This article gives you practical advice on how to use the internet and independent resources to find and negotiate the lowest prices on a vehicle in your area, and handle your questions to and negotiations with dealers via email.
Once you've picked the make and model of the new car you'd like to purchase, use Consumer Reports to find out the price at which the dealer is buying the car from the manufacturer. This price is called the dealer invoice price. Consumer Reports prices can be found by searching through the car edition of the Consumer Reports magazine (available for purchase or for browsing at a library), or by subscribing (either monthly or yearly) to the online version of Consumer Reports. Note that there may be additional dealer discounts or market conditions that may allow the dealer to get the car at a lower price than the listed dealer invoice price. The Consumer Reports price is just to give you a general idea of how much lower the price of a car can go from the retail price that a dealer is asking. Use Dealer Websites to Compare Prices and Get Quotes
Most large auto dealers have websites that allow potential car buyers to communicate with salespeople via email, and without phone calls or having to visit the dealer. One of the features of these websites allows potential buyers to ask for a price quote (sometimes called an eQuote or ePrice) on a specific make and model. Dealers will email potential buyers prices that are usually lower (and sometimes substantially lower) that suggested retail prices. Negotiate Prices Even Lower
To get a lower price than the lowest internet price a dealer has given you, take the lowest internet price you've been given and ask the same set of dealers you originally contacted (via email) if they can beat that price or offer additional add-ons or incentives. After a few rounds of emails, you'll quickly discover that competition among dealers can lower prices even further. Other Factors to Consider
Try to purchase near the end of the month, as that's when dealers have to meet sales quotas. As a result, dealers may be more willing to negotiate prices in your favor. In addition to the price of the vehicle, ask in detail what if any additions (e.g. mud flaps, protective paint, etc.) will be added to the vehicle on top of the base retail price. Finally, ask what other fees (e.g. taxes, delivery, documentation, etc.) will be added on top of the retail price you've been quoted, and ask what other items (e.g. extended warranty) you'll be offered at the time of purchase. Also take internet reviews of dealers and salespeople into consideration when choosing the dealer from which you'll buy. Conclusion
Using the internet allows potential car buyers to get quick responses to questions on car prices and features without the hassle or pressure of talking to dealers or visiting their showrooms. After comparing and then negotiating the lowest price possible via the internet, call or email the salesperson to confirm the final price for your purchase. The anti-climactic last step is to schedule a time at the dealer to complete your purchase and pay the already agreed-upon price for your new car. By Anthony An - Anthony An is a lifelong learner with experience and interest in China, economics, language, movitation, and spirituality.
Should I get extended warranty?
I just bought a 2009 Mazda6 with 92,200 miles and paid $10,800. The inspection checked out fine, but I'm worried about any future problems that might arise with the transmission, engine, etc. (I plan on taking some road trips).
Would it be a good idea to get an extended warranty? Reviews online say extended warranties aren't worth it...but there are alot of miles on this car.
Get the answers...
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