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Tips on Buying a Car 
 
by Milenna May 20, 2005

Don’t let the salesman “bully” you. Arm yourself with information. Do research on the Internet or use other resources to educate yourself about the type of car you want and know facts and pricing ahead of time. Tell the salesman in detail what you want including new or used, amount of miles, price range and payment. Don’t let them talk you into a higher price or payment range and don’t waist your time going back and forth from the salesman to the sales manager. Make them give your real numbers and prices instead of trying to negotiate for hours. If they can’t do what you want then move on to someone who can.

Visit Reputable Dealerships

Make sure you a buying a car from reputable dealership. There are many businesses that tend to be dishonest. If you are in the market for a used car you should be careful and know the reputation of the showroom you are purchasing the car from. Get recommendations from family, friends and colleagues and check with the Better Business Bureau or Consumer Protection Agencies to see if there have been any problems or complaints about the company. Another alternative is to have your personal mechanic look at the car before you purchase it and determine whether or not it has any mechanical problems. Dealing with an honest company is an important factor when buying a car.

Know Your Limitations

Check your credit status and determine a budget before you attempt to purchase your new vehicle. If you don’t know your credit situation good or bad and you have no clue how much car you can afford then it can be a difficult and lengthy process to get the financing you need. Be aware of your credit circumstances and be realistic when it comes to your personal finances. It is a waste of time to look at vehicles that are out of your price range because when it comes getting a loan, your debt to income ratio will be too high to qualify for the financing. Having your credit run too many times can affect your FICO score and damage your chances for qualifying for a lower rate. Don’t let the dealership look at your credit until you have made a decision on the car you are going to buy. If you know your credit situation then there will be no questions about whether you can qualify for car financing. Individuals with bad credit will have to look into alternative financing and probably have to pay a higher interest rate. It is a good idea to know your options before your buy so you can make sure you get the best deal possible.

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