Our very first of a series on car buying tips. New or used, Car/SUV/Truck/Minivan -- you name it, this applies!
Examples of some of the huge savings our clients have received from using Car Pal to buy their vehicles:
- Karen Johnson of Greensboro, NC had no trade in and knew exactly what 2011 Honda Accord she wanted to purchase. She concluded that she couldn't afford Car Pal's services, but was willing to pay the $200 retainer for some advice. After she gathered every last detail of expense for her purchase (including rate, warranty, gap insurance and a service plan) we analyzed and comparison shopped. Total savings: $480 on warranty, $240 on gap insurance, scrapped the service plan and 2% savings on an already excellent rate ($1,291 less over five years). Over five years, net savings: $2,011 (and this amount doesn't include the $520 we saved her on the purchase price of the Honda - $520 lower than the lowest internet price available.)
- Ron Simon of New Jersey, called us to save money on a Sequoia lease. We could not find a deal he was happy with in New Jersey, but found a deal in North Carolina that was $158/less/month and had more equipment than he was pricing in NJ! On a 39 month lease that saved him $6,162 over the life of the lease. This was worth the day he and his family spent on the road from New Jersey to North Carolina and back. Our fee of $1259 was only a fraction of what we saved the Simon family.
NB: 98% of our clients buy close to home, that's how we arrange it. In rare exception, if the deal is thousands of dollars better out of town, we give our clients the option to travel for these additional savings.
While we know on some level that the car purchase is all about our own and/or your family's needs, it is important to remind ourselves of this prior to contacting or walking into a car dealership. Here are some great questions to think about in preparation.
There are, of course, far more than four questions to ponder before buying a car, but for now, this is an excellent start. The goal here is to help you center your mind, funnel your energy, and most importantly, keep you from making any expensive mistakes.
1. Which of the following are most important to me: fuel economy, space, creature comforts, color, safety, reliability, looks...? Some of the above? All of the above? Take a moment to list your priorities.
2. What is my budget? Do I have a monthly car payment range or a total out of pocket over time vision? What can I afford?
3. How patient am I when something goes wrong? Is it OK as long as my repair costs are covered by warranty? Or do I want to avoid any visits to the shop altogether beyond regular maintenance?
4. How much time am I willing to put into this? Do I want to enlist an outside service to streamline this large purchase? In other words, make sure, if at all possible (many exceptions of course if a car is no longer in working condition due to damage or mechanical reasons or both), that you have carved out a decent window of time (and this varies greatly from person to person) to make a thoughtful decision.
The more time you take to mentally prepare before diving into the ordeal of making a large purchase like this, the less likely you are to be swayed by the opinions of all the individuals that love to help influence your decision. Friends and family will often offer sound and welcomed advice, but those who are employed by a car dealership have varied agendas including the need to make an income. The strength of your convictions will go a long way towards keeping you on the path that will lead you to the right car buying decision for you and/or your family.
Here I was this evening (now, Friday morning the 20th of May), writing a press release to get Car Pal on some radio stations around the country to discuss whether or not it is the best time to buy a car. The answer is a resounding "no" ...if you can help it.
The interesting part of this is twofold. First, even though Car Pal's existence relies on our clients both needing and buying a car, we are ultimately consumer advocates. Therefore, our goal is to save our clients as much money as possible, both in the short term and long term.*
The essence of the press release was this: "Don't buy a car right now unless you absolutely have to." That's right, it is the worst time to buy a car.
Then I decided, I better write a blog about it as well, since not everyone will hear us on the radio.
First, as I always do, I check what news on the subject has already been posted, to avoid close duplication. Guess what was printed at 12:01 am to be exact?!??! Don’t buy that car yet, whether it’s new or used: Production delays and other factors are pushing up prices by Jennifer Waters for MarketWatch! This article was published at the precise moment that I completed my press release!
Controversial article? Absolutely. Because the economy goes 'round best when folks are spending money. However, I am 100% in agreement with Ms. Waters. In fact, she said it so well, now I don't have to (in writing, anyway... I'll wait to talk about it on the news stations!)
So please read her article. The link is there above and you can click here as well to read it.
The good news for you and for Car Pal is, if you simply have to buy a car right now (perhaps your vehicle is no longer working or available due to mechanical failure, accident, total loss or takeover by a now driving teenager or other needy offspring or family member), Car Pal is here to help you save as much money as possible, given the unfortunate news of rising prices of new and used cars, trucks, SUV's and minivans.
*You may recall the interview on WGN Radio Chicago back in March of 2011 where Car Pal urged listeners to use our free fuel costs analysis service to determine that it was also not the best time to buy a car, if the reason was solely to lower overall expenses by purchasing a more fuel efficient vehicle.
The other day I posted a T or F question on Facebook. This is what it said: "True or False: Car Pal saves people far more money than they spend to cover Car Pal's fee when they buy a car, truck or SUV, new or used?"
The answer, of course, was True.
My thought for today was, Car Pal actually helps people make money, not save it.
Last week's case in point: One of our clients had a total loss on his car. So, I said, "When you get the insurance settlement amount, please be sure to tell them that you'll have to research and get back to them. Then pass all the information over to Car Pal." The settlement was $19,500 and Geico told our client that it was not worth his energy to put together comps, but he could do so if he wanted. Car Pal took this "no" as the grand challenge and went to work.
The end result? $20,100 for his totalled vehicle instead of the original $19,500 offering from Geico. That $600.00 gain alone more than paid for Car Pal's services. In addition to that, however, the client didn't have any of the hassle related to phone calls and emails to 6 or 7 dealerships trying to find the used car that met his needs. Car Pal did all that for him, and this cost him $447.00 which was $153.00 less than we made him on his boosted insurance check!
Car Pal's argument yet again, "you can't afford not to use us!"
Car Pal recently decided that another free offering we could offer our clients is an in depth look at a specific new or used car, SUV, truck or minivan. To that end, we will be posting some quality videos that we come across that give a great idea of how a vehicle might fit your needs. This will be another way to "arm chair shop," and avoid the hassle of driving to a dealership before narrowing down on a handful of top choices.
Please feel free to contact us if there is a specific vehicle you would like to learn more about, or hear from Car Pal's expertise regarding a car's quality, pricing, re-sale value, safety, features and benefits, and/or anything we've left off of that list. As part of our free consultation offering, we will put together a special blog, just for you, to share with our other readers.
As a buyer's agent, Car Pal thinks that it is wise consider all potential purchase ideas before making a decision (or helping a client make a decision). To that end then, from time to time, we will have in depth look at a potential new or used car option for our buyers. As Hybrids are so popular right now, Car Pal has decided to put the 2011 Ford Fusion Hybrid video here for our clients to visit.
Please view here: http://ezinearticles.com/?Are-You-in-The-Right-Place-to-Buy-a-Car?-Four-Positive-Indicators-and-Four-Negative-Indicators&id=6218480
There are so many critical considerations that go into buying a car. We strongly believe that your car should be your pal! We will discuss many of the considerations to keep in mind over the next few months, but first things first, how to select the perfect car dealership.
Four indications you are in the right dealership:
1. Your salesperson treats you as if you are intelligent and perhaps even know more than s/he does.
2. You don't feel rushed or pushed into making a purchase decision. Your personal timing is paramount, not the needs of the dealership.
3. You feel listened to. Your needs are repeated back to you, and you feel that you are understood.
4. You sense that the people around you are being treated with integrity, including the salespeople themselves (by their superiors).
Four indications that you are in the wrong dealership:
1. You have to wait an unreasonable length of time for something rather insignificant such as a set of keys being found for a test drive or a price on a vehicle you just drove.
2. There isn't anyone available to help you and/or you feel discriminated against either by how you look or how you dress. Some of the wealthiest people dress down when they are out to make a purchase, they do this on purpose because what they wear should have no relationship to the service they receive.
3. It is clear that management treats the sales staff with disrespect. That stuff rolls downhill, beware!
4. You are pushed to make a decision NOW. My mother always said, "when in doubt, don't." This wisdom applies specifically to car buying and makes it easy to say, "I better not as I don't have clarity right now that this car will be my best choice for a new pal". With such a large purchase, better to be 100% certain and 0% misgivings, or it's a good time to wait until later.
Bonus signs that you have found the right place to buy your new or used car.
- The salesperson asks you if you would like calls or emails after you leave. Then s/he respects your preferred contact method.
- The sales manager makes it a point to meet you before you leave. Not to push you to change your mind and "buy now," but to make sure all of your questions have been answered and needs have been fulfilled.
Article Source: http://EzineArticles.com/6218480