Remove Deal Remove Fair Market Value Remove Manufacturing
article thumbnail

Step-by-Step Guide How to Negotiate a Car Price

Car Examer

Discover tips on research, setting a budget, and securing the best deal whether you’re buying new or used. Negotiating a car price can be a daunting task, especially if you’re not accustomed to haggling or dealing with salespeople. Knowing the car’s value helps you recognize a good deal when you see one.

Rebate 59
article thumbnail

6 Smart Ways to Save Money When Buying a Used Car

Car Examer

Consider Buying from a Private Seller or Smaller Dealership While big dealerships often come with more options, you may get a better deal from private sellers or smaller, independent dealerships. Start by researching the car’s fair market value, so you know what’s reasonable for its make, model, and condition.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is this a strange dealer discount on a new vehicle?

Shawn Ryder

Understanding these discounts is crucial for customers who aim to get the best deal on their new vehicle. Manufacturer Promotions: Automakers often provide dealerships with incentives to sell certain models, which can lead to discounts for buyers. lies in evaluating the actual value.

article thumbnail

Negative equity in car – cover with down payment or use for newer vehicle?

Shawn Ryder

Understanding Negative Equity Negative equity, also referred to as being “upside down” on your loan, occurs when the amount you owe on your vehicle exceeds its current fair market value. This often arises from: Rapid Depreciation: Vehicles typically lose value quickly, especially in the first few years of ownership.

article thumbnail

Is this a good OTD price?

Shawn Ryder

Here, we will explore the components of an OTD price, how to determine if its a good deal, and what to keep in mind during the negotiation process to ensure a transparent car buying experience. Online resources can provide valuable insights into fair prices for your desired vehicle. These can greatly influence the OTD price.

article thumbnail

Using a credit union and negotiating with the car dealer?

Shawn Ryder

We will explore the benefits, key strategies, and provide invaluable tips to ensure you get the best deal possible. It can streamline your dealings with dealerships and instill confidence in the negotiation process. Current Incentives: Check for any manufacturer incentives or special financing offers that may be available.

Finance 52
article thumbnail

Am I shopping for a car correctly?

Shawn Ryder

Local Market Pricing Investigate local market prices for the vehicles youre interested in: Use price comparison websites to track fair market value based on your location. Candidates who come armed with competing dealership quotes are more likely to secure a better deal.