Car Buying Tips - New Car Buying Tips and Negotiating Tips for Used Car Buying

Car Buying Strategies

A car is a major purchase. This is the reason why you should make sure that you will get the best deal possible when buying a car. Some people make the mistake of simply going to any car dealer and allow themselves to be "talked" into buying a car.

Car shoppers must remember that these agents will say almost anything just to be able to make a sale. So when you are shopping for a car, do not feel pressured into buying one. What people must know is that they can employ an effective car buying strategy for them to get the best price and the best deal when buying a vehicle.

The best car buying strategy is to employ the proper timing when buying a car. Unknown to many, there is a right month, day and even time to buy a car. When you go to a dealer at the right time, you will sure come out with a good deal on a car.

No other car buying strategy has produced more desirable results than the use of proper timing. When buying a car therefore, patience is the key. If you are patient enough to time your purchase properly, you will surely be rewarded with a great price and deal on a car.

When it comes to the ideal month, the best time to visit a car dealer is between August and November because it is during these months when new models of cars are unveiled. Wouldn't it be a bummer if you will buy a car one day then several weeks or days after, you will learn that the manufacturer has come out with a newer model of the car you have just bought.

When it comes to days of the week, the best time to go to a dealer is during the middle of the week. Avoid going to a car dealer during weekends, because that's when most people go out to buy cars. If you will go to a dealer during weekdays, you can be sure that you will get dedicated attention from the dealer.

Remember, the best car buying strategy is to employ the right timing.

Get your buying a used car checklist and the facts on how to out-manoever the best car salesman with car buying tricks not many people know.

It works when buying new cars, too!

There is nothing like a car dealer scam to bring your blood to a boil. One of the industries that are hit a lot by scams is the car industry. New car dealers scams are a dime a dozen. And if you are not vigilant enough, you could find yourself as the next victim of these unscrupulous individuals.

There are ways to protect yourself from car dealer scams and some the best methods to do so are discussed in this article. So if you are planning to buy a car and you want to protect yourself from scams, read on.

To protect yourself from new car dealers scams you must be aware of the common methods with which these dealers try to fool customers from spending more money than they should on a new car. The most common scam is concerned with the monthly payments set for a new car. The practice of many dealers is to set the monthly payment at the lowest possible cost to make it seem that the customer is getting the best new car deal.

But closer look at the total price though will reveal that the car is overpriced, or that the finance interest rate is too high, or that the payments are made over an unnecessarily lengthy period of time. Do not fall for this scheme.

These are some questions for a car dealer - Ask him the overall price of the car, the interest rate and the length of the term, before agreeing on such terms of payment.

Some dealers will also try to scam you by saying that you cannot negotiate or haggle the prices of the cars. If there is one thing you should know about buying a car is that everything is negotiable. When you are confronted by dealers claiming that prices of the cars are non-negotiable the best thing that you can do is to seek out another dealer.

If that is not possible, though, return to that same dealer during off-peak times which is usually during weekdays. During this time, car dealers are more open to negotiating with customers.

You should also stand guard on extended warranty deals that are often unnecessary. Do not let the dealer decide for you whether you need an extended warranty or not. The bottom line is you always have the last say.

Be aware of car dealer scams, and other questionable conduct, when buying a new car.

An Affordable Car Lease Can Have You Driving the Car of Your Dreams

Finding an affordable car lease can be a tricky business, but for many people, the effort can be worthwhile. A car lease is not like an automobile lease, and as a result people don't understand them nearly as well as they think they do, and nowhere near as well as they should.

While leasing an automobile can be considered akin to renting a car for a long term, it's probably better to approach the concept as owning it for a limited time. This difference in understanding is key to finding an affordable car lease.

What you need to do to get an affordable car lease is negotiate. One of the reasons that car lots like people to lease their cars, amongst other things, is the fact that people tend to not negotiate when it comes to the terms of the lease.

This is probably a byproduct of thinking that leasing a car is like leasing an apartment. People tend to not be in the habit of negotiating rents, and this crosses over to car leases. The same people that will haggle for hours to get the lowest, rock bottom price will accept the first lease agreement that is given to them.

You don't have to do this! If you want an affordable car lease, you absolutely must not do this. The monthly fee on a lease is based on three factors: net capitalization, gross capitalization and the money factor. I know that sounds complicated, but what you need to know is actually pretty simple.

The gross capitalization is based on the agreed upon value of the car, and is the basic amount you agree to pay each month. The net capitalization is that plus all the taxes and fees added in. The money factor is essentially, despite what they may tell you, the interest rate.

The easiest place to negotiate is in the gross cap, since that is based on agreed upon value. If you don't negotiate this, they will base it upon the highest price they can reasonably get away with, which will kill any attempt to get an affordable car lease.

Instead, you need to work on getting this price down in exactly the same way that you would when purchasing a car. Even negotiating this number down by two thousand dollars, which is easily possible, can save you big money on your monthly fee.

You can also try to negotiate the money factor down, although this is harder than working on the agreed upon price. Still, even a modest decrease can save you big money in the long term. Net cap is fairly fixed, but you should have the dealer explain what the fees are thoroughly, and if you see somewhere to negotiate, you need to take it.

What you do at the end of a lease can also affect whether you have an affordable car lease or not. If you buy out the car at the end, basically no lease is going to be an affordable car lease. You will always end up paying more.

With this information in your pocket, it shouldn't be too hard to find an affordable car lease. You just need to be prepared to negotiate and remember that you can negotiate; never take their first offer.

More Car Buying Tips.

Best New Car Incentives and Other Car Lease Negotating Tips

The first thing you need to know about how to negotiate a car lease is that you can negotiate a car lease. This is something that many people who are interested in leasing a car fail to realize and fail to do. You can negotiate your lease, and you should; otherwise you are going to end up paying a lot more than you have to.

Car leases have become more and more popular in recent years, but step one in learning how to negotiate a car lease is knowing whether or not you should be looking at a lease to begin with. There are situations when a lease is a good idea and situations when you really should be buying.

If you expect your life situation to change fairly soon, then a lease might be a good idea, because it allows you some flexibility. Likewise, if you have gotten into the habit of buying a new car year every few years, then a lease is something you should consider and you definitely should know how to negotiate a car lease.

Actually, everyone should know how to negotiate; a car lease is just one of the times when this skill will come in handy. There are two basic things you need for any negotiation; knowledge and determination.

Knowledge is key here, even more so than determination. The most basic piece of information you need is the MSRP, the manufacturer's suggested retail price. This is the price that the car company is setting for the dealership to charge for a car. This is pretty easy to find with a quick Google, so we won't dwell on finding it.

Once you know the MSRP, you have a baseline for beginning your negotiations with the dealer. The biggest factor in determining the monthly payment is the agreed upon value of the car, which the dealer divides by the length of the lease.

As you might imagine, the dealership is going to try and set that value as high as they can in order to reap maximum profits. Under no circumstances should you let the dealer use a figure that is higher than the MSRP.

This is where determination meets knowledge; you know the price and you need to stick to it. Don't let the dealer try to push you around and don't let them try to sell you on options you don't want or need.

If you've done your research and prepared properly, this part of the lease negotiation doesn't have to be difficult. In fact, it can even be fun. Remember that you have the power, and never ever sign anything before you have the best negotaited price you can get.

Don't hesitate to shop around and take lease figures from one dealer to another. This will give you leverage in the negotiation and help you become more comfortable with the process. As long as you stick to your guns, you can and will find a great deal.

Of course these are just the basic tips about how to negotiate a car lease to save you money. Just do a little more research and remember that the dealer needs you, not vice versa. Don't be bullied or tricked, and you'll get the car you want for the price you want.

Click the blue highlighted link for more car buying tips and car leasing tricks.

In a rare incidence, of the government actually doing something to help the average Joe, the recently passed stimulus package includes a tax credit for buying a new car. That's right, you can actually save on your taxes if you buy a new car this year, so if you've been looking to buy a new car, this might be the time.

It's actually not that surprising that the government would give you a tax credit for purchasing a new car. The government has essentially taken over the management of GM and the car manufacturing sector is one of our biggest job producers. Because of this, the government has a vested interest in getting us to keeping buying new cars.

In order to qualify for this credit for you need to have completed your purchase between February 17, 2009 and December 31, 2009. The key word here is completed; if you are still haggling on New Years' Eve and don't seal the deal, you won't get the credit. Likewise, those of you who bought your car prior to February 17 are going to miss out.

The tax credit for buying a new car only applies to the first $49,500 of any car, light truck, motorcycle or mobile home purchase. This doesn't mean that you can't buy a more expensive car, just that the credit will only apply to the first fifty thousand dollars or so.

There are limits to how much money you can earn and still qualify for the credit, but they are pretty high, so most of us will be able to qualify. A single person earning less than $125,000 or a couple earning less than $250,000 will be able to get the maximum benefit, with benefits beginning to decrease after that. If you make more than $135,000 and $260,000 respectively, you don't qualify for the tax credit for buying a new car.

The tax credit basically allows you to deduct the taxes you would be paying on a new car from your taxes, which could be a savings in the hundreds or thousands of dollars. There was talk of including loan interest, but this didn't pass. Because of this, it's probably not a good idea to buy a new car just because of this, but if you are going to buy a new car, it certainly helps lower the overall cash outlay of your taxes.

The tax credit for purchasing a new car only applies to your 2010 tax return, so you're going to have to wait a bit for the money. The tax credit is what is called an above the line tax deduction, so you can still use the deduction even if you don't do an itemized deduction.

The amount that the tax credit for buying a new car will benefit you will vary from state to state. People that live in high sales tax states will benefit the most, and you need to keep in mind the particular tax laws of your state. The best way to look at the money from the credit is bonus money, not the reason you buy the car.

And don't forget, if you're buying a new car - get the facts on how to get the very best deal possible.