|
If
You Know Their Rules ...
You Can Play Their Games
7.Shopping
for Your Vehicle
At
this point you should have collected all the relevant facts
on the vehicle, the options, and the pricing. Now you're ready
to plan and execute your buying strategy.
Plan your visit to the dealership for one of the times listed
below at the dealership where you'd prefer to do business.
Make sure you allocate enough time to permit the salesperson
to take you through the entire presentation process. Have
him or her present the car and take you for a demo drive.
Remember, time is the only thing car salespeople have, and
the more of it you consume, the more anxious they are to make
sure that the time spent results in a commission.
The Best Times to 84y a New Car
End of the month
Car dealerships and car manufacturers work on a month-to-month
basis. Virtually every car dealership is under end-of-the-month
pressure to meet sales forecasts. If you've done your homework
and are ready to buy, there's probably no better time than
the last day of the month.
End
of the year
Dealers are under pressure to move out the current year's
inventory at the end of each year. Many manufacturers will
offer dealers year-end or clearance incentives to motivate
them to offer bigger discounts and move the cars off the lot.
While you can make a good deal at this time, it's important
to recognize that if you buy a leftover, you should plan to
trade for your next new car at the same time of year. Many
year-end leftover buyers fail to recognize that 12 months
after they've purchased the car, the used-car market regards
it as a two-year-old vehicle and the wholesale price will
reflect that fact.
If you buy a car at the end of the model year, negotiate a
deal that reflects the first year's depreciation. To determine
what that depreciation is expected to be, you might want to
consult a resource like Automotive Lease Guide Residual Percentage
Guide by calling 1-800-418-8450. For a fee, they will be able
to tell you the projected depreciation after one year.
|