Monday, June 30, 2014

Save Money on Next Car Purchase

  1. Research your current car's value at Edmunds, KBB, TrueCar, etc,
  2. Sell current car on Craigslist after getting quotes from dealers, Carmax, if they were to buy it from you.
  3. Accompany all test drives and do final deal at bank or credit union, to sign over title in front of notary
  4. For great tips, visit:  http://blog.phroogal.com/buying-car-heres-deal-salesman
  5. Research your new car at the same websites used earlier 
  6. Look at lists of incentives offered by each manufacturer
  7. Look at dealer inventories and find a stock number you really like.
  8. Email several dealers and ask for an out the door price, with no trade.
  9. Remember, dealers pay several hundred dollars to use TrueCare, so expect them to also knock of that much for you for not using it.
  10. Run from dealers that send form letter replies or want you to come in for the usual "grind-down".
Doing the above, I bought a new 2014 Kia Soul+ for approx $16,000, or $2400 off sticker.

Look for promos like financing, even if it is only for a few months to get an instant discount.

On top of that was the dealer doc fee (all profit), 3% NC tax and usual tag fees.

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