So you wanna buy a new car thread

[Walperstyle]

taking a loan for a car is such a yuppie way to live. Sure you 'look' baller with your new car, but meanwhile the old guy down the street whom has 2 trucks and 3 cars all paid for because he wasn't stupid in buying a new car.

I would never buy a new car. Because of this I always have about $40k+ in the bank. You never know when your job may go away, or you do something stupid like lose a leg or arm in an accident preventing you to make a source of income.

my 5 cents

[orion::S14]

Originally Posted by Walperstyle

I would never buy a new car. Because of this I always have about $40k+ in the bank...

Yeah, but that's Canadian $$$'s...so it's only like $10k US...hehe.

^^^ For the slow kids: Location: British Columbia

...

My only real advice having bought a BUNCH of used cars, more than half off of dealer lots...

Negotiate as if you were buying CASH. THEN talk financing. Don't tell them until you've struck a deal, that you're going to finance.

BUT, you should have that squared away before ever setting foot in a dealership.

Go by your bank or better yet CREDIT UNION...and get a pre-approved check.

It will say "Good for an amount up to $14,000", or something along those lines. As far as the dealer's concerned, it's as good as cash.

Same goes for a trade - Negotiate the deal on the new car, then say..."oh, what about if I traded my XXXXXXXXX on it". That way, they don't get the chance to inflate the trade-in to make you all warm and fuzzy, while not dealing very much on the price of the car. The car price will be agreed upon, and then the trade will come off that. Easy stuff.

- Brian