I have notice that keep on changing new car has become a trend of todays life in city. People keep on switching to new car for no reason. It seems like car has become a way for people to express and show their status. Every year there are so many new car models coming up. So they keep on changing the car whenever they saw some new models that they like.
I had even heard people saying this: Since I need to pay for my installment every month, then why dont I switch to a better new car? It seems like paying car installment has become part of peoples routine life where if they dont pay for the installment, they dont know what to do with the money. Maybe people have forgot that they dont have to pay for car installment if they dont want to.
I know that I may offend a lot of people by saying that buying a new car is not necessary. However what I am saying is not that you cannot buy a new car. But when you wanted to buy a new car, think about why do you want to buy it. Is it neccesary? Do you want to buy it because you need it? Or you want to buy it simply because you wanted to show off to people that you are rich. Do you buy the car to boost up your ego?
For me, I only buy a car when it is needed. When I say needed, I mean that I really need the car. Not for no reason, not for showing off purpose. If my house is located at an area where I have no access to public transports, then I will consider to buy a car. If my old car has too many problems, then I will consider to switch to a new car.
Currently I have a car of 5++ years old. I have no intention to change a new car right now as my current car is still in good condition. I plan to use the car for at least 10 years if the conditions are ok. Actually the car is currently used by my wife to drive to work. For myself I am actually taking public transport (LRT). I have no intention to buy a second car although there is no problem in getting one financially.
With this I can save at least RM1000 per month. I would rather leverage this RM1000 per month for other purpose for example paying extra for my house loan. This way I can finish my house loan faster and reduce the interest. Why do I want to increase my expense to somewhere that I dont really need. I can even use the extra money to do some investment. This will improve my financial situation.
Tags: 10 Years, Buy A Car, Buy Car, Buying A New Car, Buying Car, Car Buy, Car Models, Current, Ego, Intention, Money, New Models, People Express, Public Transport, Public Transports, Reason, Routine Life, Second Car, Trend, Wanted To BuyRelated posts
How To Buy Your Dream Car And Avoid Car Dealers’ Dirty Tricks
How to buy a new Car
Buying a car is usually our second biggest investment after our home purchase and most of us will do it more than once in our life.
There is something emotional about cars, it represents our taste and style, our economic status and our character. Some women even claim that a car is a mans extension of his reproductive organ. One the other hand (the good hand) there are women out there that might express their exhibitionism and extravagance by choosing to drive a red flashy car for the whole world to notice them. Both sexes would agree they sometimes feel they fall in love with a certain car model.
There are people who get very existed from a small scratch on the cars lower side, as if it were their own skin. The beauty of the car, its aerodynamics shape, the gadgets inside, the seats the feel of it all play a major part in our decision making.
In our modern life its almost impossible to function without one and its expensive to acquire, to finance and to maintain.
Buying a new car is a lot of fun, the new car has its unique smell no doubt about it, the very fact you can afford to own a brand new car is a great feeling.
When is the best time to buy a new car?
There are two “best times” to buy a car. The end of December is a good time for car buyers to buy a new car. Everyone is out buying Christmas gifts, leaving new car dealer lots void of customers, motivating dealers to cut costs, and break year end sales records. Another good time to buy a car is July to October as new car dealers sell off cars at low prices to clear space for new car models. Secret factory to dealer incentives can be $1000-$6000 in addition to new car consumer rebates!
How and where to search for prices:
Invoice price what the dealer pays the manufacturer has become the real negotiating point. Allowing for the dealer’s need to make a profit, the price you pay should be somewhere between sticker and invoice.
Virtually all car buying sites on the Internet show invoice and in most cases their buying tools automatically add option/package invoice amounts as you work your way through the process.
Any car buyer, with very little effort, can get an accurate summation of a car’s value, which immediately puts him or her in a stronger negotiating position.
Happily for the consumer, the Internet now allows a prospective buyer to uncover market conditions at any moment in various parts of the country. Search for Edmunds.com on the web.
for example, reveals the True Market Value: CarsDirect.com, which sells cars online, has its own version called Guaranteed CarsDirect price Intellichoice.com sorts out the Best Deals of the Month.
The negotiation phase and the dirty tricks:
After you made your research via the Internet, its important you make some phone calls to car dealers and ask for some written offers to be sent to you via the fax or email for the car of your dreams. That way, you can compare prices between several dealers without being pressured by a salesperson.
You would be much better off selling your old car yourself rather than to trade it in through the dealer because the dealer will have to earn some money on it as well.
Remember, everything is a negotiable, car too. Buying a new car is tricky from the moment you step into the car dealership arena, you might be manipulated by scam artists, well trained sales persons that will use every trick in their fat book of tricks to extort every last Dollar out of your bank account.
There is one well known trick they teach in car dealers sales courses, its called throwing a lowball, in this tactic a customer is offered a very good price on a car, Perhaps as much as $500 below competitors prices. The good deal, however, is not genuine, its only purpose is to cause a prospect to decide to buy at this dealership and not from the other dealers. Once the decision is made a raft of purchase forms are filled out, extensive financial terms are arranged. The dealer knows, customers develop a range of new reasons to support the choice they have now made.
Then something happens. All of a sudden an error in the calculations is discovered, It might be the salesman forgot to add in the cost of the air conditioner and if the customer insists on having it, then $500 must be added to the price…
The cover up operation is played sophistically, some times they let the bank handling the financing find the mistake, other times the boss is not approving the deal because wed be losing money. They make it look as if its not that big mistake as its a relatively small percentage of the price of the car and as they stress out it only brings it to be equal to competitors.
The impressive thing about the lowball tactic is its ability to make a person feel pleased with a poor choice. If anyone tries to change the originally-quoted terms or talk you into buying a different vehicle, just say “no” and go somewhere else.
If you are interested to learn about many others car dealers scams and how to avoid them go to: carbuyingtips.com/scams
Until all the papers have been signed there are still ways in which a shrewd dealer may add to his profit by talking you into extras you don’t want and probably don’t need. These can include added and overpriced insurance, extended warranties, rust proofing (absolutely unnecessary), paint or fabric protection, anti-theft plans, and more. Smile and firmly turn them all down.
Finally, before you drive away, do a careful inspection of the car, looking for scratches or dents; anything that mars the perfect finish. If you’re not happy, get a written agreement (known as a Due Bill). It means you have the right to later return the vehicle in order that flaws can be corrected.
Tags: Best Time To Buy A New Car, Brand New Car, Buying A New Car, Car Consumer, Car Model, Car Models, Christmas Gifts, Consumer Rebates, Dream Car, Extravagance, Factory To Dealer Incentives, Flashy Car, How To Buy A New Car, Invoice Price, New Car Dealer, New Car Dealers, Own Skin, Reproductive Organ, Time To Buy A Car, Year End SalesRelated posts
Choosing a car is an important decision that merits careful planning. One should take number of things into consideration before buying a car. Following these steps can make the task easier and make you choose the right car for you: Decide what you intend to use the car for daily commuting; recreation; weekends and evenings out; carrying things; towing a trailer; carrying more than one passenger; driving in the city, suburbs or country. Consider factors that are important to you, such as looks, fuel efficiency, performance, reliability and safety features. Come up with a realistic budget, based on what you can afford (consider the monthly payment and cost of upkeep).
Locate a town or an area near your home with several car dealerships; check Sunday newspaper advertisements and the yellow pages. But the best option would be to locate an easy and good site for buying and selling cars online which will involve less effort and energy. Sites like http://www.indimoto.com are a great help.
Find a car that interests you and hop in it. Adjust the seat and mirrors, and check leg room in each part of the car. Ask to take a test drive. Start out on city streets and then head out to the highway. Pay attention to steering ease, turning radius, braking response and acceleration. Adjust the mirrors and radio while you’re driving to test convenience. Return to the dealership and thank the dealer. If you like the car, ask for a business card and say you will return later. Head to the next dealership and investigate other car models as described above. Ask dealers which car most closely resembles the one you previously test-drove, providing the make and model and explaining which features you liked. Test a number of models until you decide on a car, and compare these prices with those at other dealerships.
Some important tips:
Inquire about availability and delivery time, especially if you’re interested in a popular model or want special features
Factor the dealership and its sales staff into your choice. A dealership you can trust, especially one with a competent service centre on site, is worth more than money in your long future with the vehicle. You can, of course, have your car serviced at any dealer authorized by your new car’s warranty.
Start negotiations on polite and friendly terms. Comment on what you like about the car and ask questions. The intent is to make the seller comfortable.
Make your first offer. It should be lower than what you’re willing to pay, but not an insulting figure. Use the list price as a reference, remembering that dealer profit (often around 10 percent) is built into this figure.
Allow the seller to make a counteroffer. If the price is too high, say you’re not able to afford that and ask him to talk to his manager.
If the salesperson balks at your first offer, make a slightly higher one. Continue negotiating until you can agree on a price within your budget. If you can’t agree on a price, seek out another dealer. You may be able to go back and get the first dealer to underbid the second dealer
Avoid setting your heart on one particular model or make. There are hundreds of excellent vehicles on the market, and becoming attached to one of them may make you less hard-headed in your bargaining.
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Sometimes the best buys are made with pre-owned products. This is particularly true in the case of sports cars. Many people would like to have a sports car mainly for the performance but some may want to simply experience the sheer enjoyment that only a sports cars can give. Buying a brand new sports car may be too much expense for many people, that’s why a pre-owned or second hand sports car should be considered.
Here some good advice in the purchasing of pre-owned sports cars.
1. Set expectations
Many people go out to buy a pre-owned sports car with a brand new car in mind. Buying pre-owned sports cars is about getting the best value for your money. Knowing your needs and preferences is also a must in buying pre-owned sports cars.
2. Set a budget
Buying a sports car, even pre-owned ones can be expensive Researching through internet browsing or buying buy and sell car magazines can give a buyer a general feeling about the current prices of different sports car models.
3. Examine carefully
A buyer must be careful in inspecting the pre-owned car and take his time doing so. There are four essential elements of the car that should be thoroughly inspected: the interior, the body, the engine, and the papers. A well-maintained sports car is worth buying.
Open the hood and examine the car’s engine. Many people may not know too much about car electronics but inspection will give a buyer a general feel of how the car has been maintained by the previous owner.
Check the inside of the tailpipe. If it is greasy, that means that there is a problem with the engine compression.
Check for scratches or dents on the cars body. Of course, do not forget to check the cars title, etc. Missing papers will cost the buyer additional money or prevent the purchase.
4. Test Drive
Before a purchase, the buyer should take the car for a test drive. This is a must for all cars, not only for pre-owned ones. An assessment of the over-all handling and performance of the car should be made during the test drive.
Buying a pre-owned maybe the best choice in purchasing a sports car, especially when one is faced by budget constraints. Pre-owned sports cars have the potential to give the same excitement and fun that brand new ones can give. Choose and buy wisely and have fun while doing so.
Tags: Best Buys, Brand New Car, Car Electronics, Car Magazines, Car Models, Compression Check, Dents, Different Sports, Good Advice, New Sports, Pre Owned Car, Purchasing Cars, Scratches, Set Expectations, Sheer Enjoyment, Sports Car, Sports Cars, Sports Models, Tailpipe, Test DriveRelated posts
The Pros And Cons Of Buying A Used Car From An Auto Auction
Are you in the market for a new used car? If you are, have you ever thought about attending an auto auction? Each year, a relatively large number of individuals walk away with a quality used car from an auto auction and now you may want to think about doing the same.
Although it is nice to know that many have had success with auto auctions in the past, you may be wondering whether attending an auto auction is worth your time. To determine whether or not one is, you may want to think about examining the pros and cons of buying a used car from an auto auction. A few auto auction pros and cons are briefly touched on below.
Perhaps, the biggest pro or plus side to buying a used car from an auto auction is the price. Auto auctions are well-known for their more than affordable prices. Depending on the auto auction that you attend, as well as the car that you choose to buy, you could walk away with a quality used car for as little as a thousands dollars! In all honesty, you never know what treasures or quality used cars you will find until you attend an auto auction. That is why it is advised that you at least attend a local auto auction, even if it is just to see what one is like.
Another one of the many pros or plus sides to buying a used car from an auto auction is the choices that you have. In terms of the used cars that you have to choose from, it is not uncommon for an auto auction to include as many as fifty used cars or more. Many of these used cars include different years, as well as different car makes and models. In keeping with the choices that you have, you also have a choice when it comes to choosing a used car auction to attend. If you live in or around a large city, such as Chicago, you may have more auto auctions to choose from. You could choose to attend an auto auction that gives you the opportunity to inspect each vehicle or you can choose one that does not have any admission fees.
Although there are a number of pros or plus sides to buying a used car from an auto auction, there are also a number of downsides as well. The good news, however, is that those downsides may not even apply to you. One of the downsides or cons to buying a used car from an auto auction is that not all auto auctions have an inspection session. An inspection session is when you are able closely examine or inspect all of the cars that will be auctioned off. You should never buy a used car without thoroughly examining it first. This downside to buying a used car from an auto auction may not even be an issue, as long as you choose to attend a used car auction that allows you to inspect all of their vehicles first and they are out there.
Another con or downside to buying a used car from an auto auction is the fact that you arent really given any guarantees. Perhaps, that is why it is so important that you are able to inspect a used car before bidding on it at an auto auction. When you pay for and receive your used car, it is then yours and you are responsible for it, including all updates and repairs that may need to be made. It is difficult, if not virtually impossible, to find an auto auction house or company that offers warranties on their used vehicles. Of course, buying a used car is a risk anyways, as most used car dealerships, as well as owners outright selling their vehicles do not offer warranties either.
If you live in or around the Chicago area, you may want to examine North Shore Auto Auction. Their online website can be found at www.publicautoauctionnst.com. With regularly scheduled auto auctions, as well as information on those auctions, including the used cars that will be auctioned, North Shore Auto Auctions is known for being one of the best auto auctions in the Chicago area.
Tags: Admission, Auction Auto, Auto Auction, Auto Auctions, Auto Price, Buying A Used Car, Car Auction, Car Makes And Models, Car Models, Choices, Choose One, Honesty, Local Auto, Makes And Models, New Car, Opportunity, Price Auto, Pros And Cons, Quality Cars, Quality Used CarsRelated posts
Tips For Buying A Used Car And Avoiding A Lemon
Do some homework before you start shopping for a used vehicle. Think about what your needs are, what your driving habits are, and what your budget is. You can learn about vehicle models, options, and prices by reading dealership ads in the newspaper as well as reading the classifieds.
There is also a host of information about used cars on the Internet. Enter the words USED CAR as keywords for searching and you will find information such as how to buy a used car, how to conduct a pre-purchase inspection, ads for cars available for sale, as well as other information.
Your local library and book stores are another source of good information. They have publications that compare car models, options, and costs; as well as offer information about frequency-of-repair records, safety tests, and mileage.
Once you’ve narrowed your car choices, research the frequency of repair and the maintenance costs on those models in auto-related consumer magazines. For information on recalls, contact The U.S. Department of Transportation’s Auto Safety Hotline at 1-800-424-9393.
When you find a vehicle you are seriously interested in, considering using one of the vehicle history services available online to find out what that vehicles history is. Some of the services available include an odometer check to help you make sure the mileage on the vehicle is accurate; checking the registration to find out if the vehicle was a rental, a lease, private party, or fleet vehicle; a title check; as well as finding out if the vehicle is a lemon, was in a major accident, was a salvage vehicle, or was ever reported stolen.
There is typically a fee for these services, but spending a little money to find out the exact history of the vehicle can save you serious money and headaches down the road. In order to use one of these services, you will need the VIN from the vehicle. Enter the keywords VEHICLE HISTORY in an Internet search engine such as Google or Yahoo. It will yield results for several organizations that offer these services such as http://www.carfax.com and http://www.autocheck.com
For financing you have two choices. One is to pay in full at the time of purchase. The other option is to finance over time. If you finance, the total cost of the vehicle increases because you are also paying for the cost of credit which includes interest and other loan costs. If you are going to finance, consider how much money you can put down on the car, your monthly payment, the length of the loan, and the annual percentage rate. Keep in mind that annual percentage rates are typically higher on used vehicles. The loan period is typically shorter on a used vehicle as well.
Dealers and lenders offer a variety of loan terms and payments schedules. Shop around. Compare offers. Negotiate the best deal you can. Be very careful about advertisements that offer financing to first time buyers and to people with bad credit. They typically require a big down payment and have a high annual percentage interest rate. If you agree to financing that carries a high interest rate, you might be taking a big risk. If you decide to sell the car before the loan is paid in full, the amount you receive from the sale of the vehicle may be far less than the amount you need to pay off the loan. If the car is repossessed or declared a total loss because of an accident, you could be obligated to pay a considerable amount to repay the loan even after the proceeds from the sale of the car or the insurance payment have been deducted.
If you decide to finance, make sure you understand the following aspects of the loan agreement before you sign any documents:
1) the exact price you are paying for the vehicle, not just what the monthly payments are
2) the amount of your finance charges (the exact dollar around the credit will cost you)
3) the annual percentage rate (APR)
4) the number of monthly payments and the amount of each monthly payment
5) the total cost of the vehicle (including tax, title, registration, finance costs, etc.)
Used cars are sold through numerous types of outlets: franchise dealers, independent dealers, rental car companies, leasing companies, used car superstores, private party sales and the Internet. Check with family and friends for recommendations on where to buy a vehicle. It is also a good idea to call your local Better Business Bureau and/or the State Attorney General office to find out if any unresolved complaints are on file about a particular dealer before you decide to do business with them.
There is a lot of hype in ads you will see. Some dealers are attracting customers with no-haggle prices, factory certified used cars and better warranties. Consider the dealers reputation when evaluating these ads.
By law, dealers are not required to give used car buyers a three day right to cancel. The right to return a car in a few days for a refund exists only if the dealer grants this privilege to buyers. Before you purchase from a dealer, ask about the return policy. Get the return policy in writing and read it carefully to be sure you understand it.
The Federal Trade Commission’s Used Car Rule requires dealers to post a Buyers Guide in every used car they offer for sale. This includes light-duty vans, light-duty trucks, demonstrators, and program cars.Demonstrator vehicles are new vehicles that have not been owned, leased, or used as rentals, but they have been driven by the dealer staff. Program cars are low-mileage, current-model-year vehicles returned from short-term leases or rentals.
Buyers Guides do not have to be posted on motorcycles and most recreational vehicles. Anyone who sells less than six cars a year does not have to post a Buyers Guide.
The Buyers Guide must tell you the following:
1) whether the vehicle is being sold as is” or with a warranty
2) what percentage of the repair costs a dealer will pay under the warranty
3) that spoken promises are difficult to enforce
4) to get all promises in writing
5) to keep the Buyer’s Guide for reference after the sale
6) the major mechanical and electrical systems on the car, including some of the
major problems you should look out for
7) to ask to have the car inspected by an independent mechanic before you buy.
When you buy a used car from a dealer, get the original Buyers Guide that was posted in the vehicle, or a copy. The Guide has to reflect any negotiated changes in the warranty coverage. It also becomes part of your sales contract and overrides any contrary provisions. For example, if
the Buyers Guide says the car comes with a warranty and the contract says the car is sold “as is,” the dealer must give you the warranty described in the Guide. When the dealer offers a vehicle “as is,” the box next to the “As Is – No Warranty” disclosure on the Buyers Guide must be
checked. If the box is checked but the dealer promises to repair the vehicle or cancel the sale if you’re not satisfied, make sure the promise is written on the Buyers Guide.
Some states, do not allow as is sales for many used vehicles and some states require different disclosures than those on the Buyers Guide. Check with you state Attorney General office to find out what the laws are in your state.
Tags: Auto Safety Hotline, Buying A Used Car, Car Models, Consumer Magazines, Exact History, Fleet Vehicle, History Services, How To Buy A Used Car, Internet Search Engine, Maintenance Costs, Major Accident, Odometer, Odometer Check, Pre Purchase Inspection, Private Party, Safety Tests, Serious Money, Tips For Buying A Used Car, Vehicle History, Vehicle Models