![]() |
Originally Posted by AK370Z Reserved for future article(s) , Can I take you with me when I buy my new car? I live in New York.
|
![]() |
|
LinkBack | Thread Tools | Display Modes |
![]() |
#48 (permalink) |
Premium Member
![]() Join Date: Jun 2011
Location: 353018 811254
Posts: 72
Drives: '11 Z Roadster GM M6
Rep Power: 14 ![]() |
![]()
I'm no expert, but I've bought quite a few new cars over the years and these are some of the rules I follow.
Tips to the noob car buyer 1. Do your homework. Research all available resources and know the actual invoice price for the car you intend to buy and the realistic value of your trade-in (if you have one). Find out before you go to the dealer whether there are cash, financing, or other incentives. 2. Thoroughly inspect and test drive the actual car you are going to buy before you enter any negotiations. 3. Remember: You are in charge of the negotiations. The dealer needs to sell the car. That’s how they stay in business. You may need a car, but you don’t necessarily need THAT car. 4. Don’t settle. Never take less for your trade or pay more for the car than those values that you went into the dealer knowing (See item 1). If the dealer won’t give you what your trade is realistically worth then the price of the car will have to come down to compensate. It’s the difference you’re paying, new price vs. trade, that’s important. 5. Always be willing to walk away. Not too quickly, but there are lots of other dealers and other comparable cars out there. Don’t show too much emotion and fall in love with a car. Showing a need puts you in a compromising negotiating position. Show that you may WANT to buy their car but you don’t NEED to buy their car. If you don’t get the deal you went in looking for…try somewhere else. 6. NEVER sign any agreement or place any deposit/down payment until negotiations are over and the FINAL pricing including finance rate is agreed to. Again, the dealer needs to sell you the car. The only time I have put any money up-front was when I special ordered a vehicle from the factory. Even then I only put down $500 and secured the whole deal prior to the order contingent on approval of the vehicle on delivery. The vehicle was delivered about three weeks later. Inspect, test-drive, and then signed the papers and finalized the deal. |
![]() |
![]() |
![]() |
#49 (permalink) | |
Base Member
Join Date: Sep 2011
Location: USA
Posts: 80
Drives: 2011 370z black AT
Rep Power: 13 ![]() |
![]() Quote:
I pounded and hammered away at both my salesman and sales manager about "is this the final price? Is this my actual monthly payment? Is there any way this will change? Have all fee's been included? I will not get any surprise "last second" bills?" I practically annoyed them to death REPEATEDLY asking these questions. One week later they call me back after I had the car and said they had to adjust the deal. |
|
![]() |
![]() |
![]() |
#51 (permalink) |
A True Z Fanatic
Join Date: Aug 2012
Location: Surface of the sun.
Posts: 13,159
Drives: '18 GTI Autobahn DSG
Rep Power: 1387 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]()
So, I have a question, since I've not purchased my own car ever (still driving the one my parents originally bought for me eight years ago).
I have always been told, "No, don't put money down." on a new car, by my Dad. Yet, I see many people doing so to bring their payments down and such. Is this a good thing to do? I've always thought that it was kind of a waste, since you're putting money down on something that's going to depreciate by that amount (or more) the second you drive it off of the lot. Edit: Not sure if I should put money down and sell my SRT myself or use as trade-in either. Probably safer to sell myself to get quite a bit more out of it. Last edited by Haboob; 09-07-2012 at 03:26 PM. |
![]() |
![]() |
![]() |
#52 (permalink) |
A True Z Fanatic
Join Date: Apr 2011
Location: Indiana
Posts: 3,766
Drives: '15 NISMO 6MT
Rep Power: 117171 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]()
You should put money down to the extent that you save money on interest. If you're getting a very low interest rate, it doesn't make much sense to put money down.
|
![]() |
![]() |
![]() |
#53 (permalink) |
Base Member
Join Date: Jul 2012
Location: Baton Rouge, LA
Posts: 30
Drives: 2011 Infiniti G37-
Rep Power: 13 ![]() |
![]()
I have bought many new cars. The last three have been over the internet from out of state dealers and one of them was delivered. The other two, I picked up. The most memorable purchase was a 1989 Toyota SC. I negot. for 6 hours and finally got them down to my price. It was raining cats and dogs and I was their only customer for the day. They bought me lunch and a pack of cigs.
|
![]() |
![]() |
![]() |
#54 (permalink) |
Base Member
Join Date: Dec 2011
Location: City of Industry
Posts: 26
Drives: 2011 370z
Rep Power: 13 ![]() |
![]()
Here's how I would buy a 370z.
Go in the Auto Dealership knowing the following. 1. Your credit 2. Your down payment 3. Cost of the car on Invoice value. Go and offer them a deal. Don't negotiate one. Say, here is what i would like to offer you. I have such and such credit, and here's my downpayment and here's my offer price. DO NOT DISCUSS MONTHLY PAYMENTS!! It's that simple, but yet it took me 2 hours to go through. I just didn't go into discussion or negotiaton about anything else. I just said, here's my offer. I went to three other dealerships already and just looking to see who accepts. If they don't agree, you leave. But it's about offering the right amount price. I Live in California, and purchased the 370z in 2011. It's stick shift, sports package. no leather. No GPS. and If I remember correctly, offered 31K for the car. Anyway, the tax came close to 3grand I think, plus a few hundred for other stuff. OUT THE DOOR I PAYED 35,200 for it I belive. Which is not over priced, but also not the greatest bargain either. But was just right for me to accept. I prob. could have gotten it for 34,200, if I really tried hard enough. But it's stressfull process and wanted to take it home already. Downpayment: $16,000 Credit rating: Excellent APR qualified for: 3.4% Monthly TERM: 48 Months OTD 35,200 2011 370z Sports Backage/Silver/Stick Shift |
![]() |
![]() |
![]() |
#55 (permalink) |
Track Member
Join Date: Mar 2012
Location: Massachusetts
Posts: 909
Drives: A lot
Rep Power: 14 ![]() ![]() ![]() ![]() |
![]()
I got 0% financing on my z but I still put 9k down. It was just personal preference. I just wanted to take a little chunk out of what I owed. I had the money saved at the time so I just did it
|
![]() |
![]() |
![]() |
#56 (permalink) |
A True Z Fanatic
Join Date: Aug 2012
Location: Surface of the sun.
Posts: 13,159
Drives: '18 GTI Autobahn DSG
Rep Power: 1387 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]()
Yeah, I had to walk out yesterday. They want to give me like 2100 for my SRT, so he went and said that they were going to put all of these add-ons on the Z (first price he told me was 37,150 mind you) and it totaled 38,800, then he said he'd bump it down to 37,784... I was like, wait a minute...
There's no way I'm paying sticker for a car, nor am I going to let them put 1500+ in adds that I don't want, nor do I need. I had one dealership refuse to even ask for a picture of the car that they were going to get, on top of them wanting me to sign before ever seeing the car - then he told me that I should have just ordered it a long time ago then (being that if I ordered now I wouldn't get it until mid-Jan). Sometimes these salesmen are just ********. |
![]() |
![]() |
![]() |
#59 (permalink) |
A True Z Fanatic
Join Date: Dec 2010
Location: L.I., NY
Posts: 5,307
Drives: Everything
Rep Power: 25 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]()
Usually there are never any incentives or offers on the Z, but surprisingly for a few months 0% was offered which has never been done before.
__________________
|2013 Audi S4|Ibis White/Black|S-Tronic P+| |2013 370z|PearlWhite/Persimmon|Touring/Sport/Nav|F.I. CBE 18" CF| |Sold|2011 370z|Gun Metallic|Touring/Sport/Nav| |
![]() |
![]() |
![]() |
Bookmarks |
|
|
![]() |
||||
Thread | Thread Starter | Forum | Replies | Last Post |
FAQ: Please read this before asking a 370Z related question | invazn | Nissan 370Z General Discussions | 24 | 10-04-2011 07:05 AM |
Who's buying an Auto w/Paddle Shifters? | Nissan370z | Nissan 370Z General Discussions | 51 | 09-07-2010 02:34 AM |
Unhappy people watch TV, happy people read/socialize, says study | AK370Z | The Lounge (Off Topic) | 4 | 11-16-2008 05:56 AM |