One question I have is about getting a loan...what order are you supposed to do it in? Do you need the loan before you start looking? Or do you look before you get the loan? How does it work? She applied for one at her credit union today and should hear back soon.
Also...about negotiating...how are you supposed to negotiate a used car value?Help with buying a used car?
This is a very common question many of my clients have. You should secure financing before you start looking. Although some banks might need to put a exact vehicle in they can still use your credit score to give you an idea of what you qualify for. I will give you a few tips I give my own clients about negotiating.
1. Pick 3 cars you like(at least) so you can always back out of a situation if you feel uncomfortable about ANYTHING.
2. Get KBB value on all the cars. Since in this case it is retail deal then get the retail value. Print it out and the retail one will automatically give you all the conditions prices like excellent, good, fair. Private party does not you have to do yourself. remember ONLY 5% of used cars are in Excellent condition no matter what the dealer says. If they are selling higher then value then ask way. if they are selling lower then value then ask way, but dont use the words "why so cheap" "why so low" "why under value" and so on
3. Get a carfax. some dealers will do it for free. I offer it for free for my clients(I am not a dealer). If the dealer does it then match up the VIN and the whole thing just make sure.
4. Find a local mechanic that you trust and do a pre purchase check and have it in writing.
Now you have all the ammo all the knowledge you can negotiate. Even if you feel you are getting a great deal still try to get more off.
any more questions let me know I run APS+ we are a fast growing Automobile Personal Shopper business.
http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile%26amp;friendid=452296464
new business and our website is being built so check out our myspace to get more info
No comments:
Post a Comment