Comments on: The Best Way to Buy a New Car http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/ personal finance that makes cents Sun, 22 Nov 2009 04:18:07 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Justin http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-114145 Justin Sat, 26 Jan 2008 23:30:07 +0000 http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-114145 Another excellent method is to have the Dealers compete against each other through email bidding, as described in this article: http://www.auto-broker-magic.com/newcarpurchase.html Another excellent method is to have the Dealers compete against each other through email bidding, as described in this article:

http://www.auto-broker-magic.com/newcarpurchase.html

]]> By: Keith W. Twombley http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-85280 Keith W. Twombley Fri, 04 May 2007 20:50:57 +0000 http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-85280 Count me as yet another satisfied FightingChance.com customer. I was going to suggest this site after reading a few other car-related articles here, but to my surprise you've already mentioned it. Using Bragg's advice I paid about $4500 less than the local dealership wanted for my new 2007 Dodge Magnum. Count me as yet another satisfied FightingChance.com customer. I was going to suggest this site after reading a few other car-related articles here, but to my surprise you’ve already mentioned it. Using Bragg’s advice I paid about $4500 less than the local dealership wanted for my new 2007 Dodge Magnum.

]]> By: Alan http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-80546 Alan Mon, 05 Mar 2007 17:45:23 +0000 http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-80546 I'm guessing the "fax attack" they describe is similar to one that I read about in one of the Motley Fool books. It might have been, "The Motley Fool Investment Guide : How The Fool Beats Wall Streets Wise Men And How You Can Too" but I'm not sure. Anyway, it appears they have it up on their web site as well. It a series of several steps that starts here: http://www.fool.com/car/car.htm and gets to the fax part of the process in Step 12 (http://www.fool.com/car/car12.htm). I'm not a big fan of the way fool.com pushes newsletters these days, but the car buying process they outline strikes me as a fantastic idea. I’m guessing the “fax attack” they describe is similar to one that I read about in one of the Motley Fool books. It might have been, “The Motley Fool Investment Guide : How The Fool Beats Wall Streets Wise Men And How You Can Too” but I’m not sure.

Anyway, it appears they have it up on their web site as well. It a series of several steps that starts here: http://www.fool.com/car/car.htm and gets to the fax part of the process in Step 12 (http://www.fool.com/car/car12.htm).

I’m not a big fan of the way fool.com pushes newsletters these days, but the car buying process they outline strikes me as a fantastic idea.

]]> By: Consumer Reports Auto Issue Round-Up: Top Picks for 2007 ? Get Rich Slowly http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-80536 Consumer Reports Auto Issue Round-Up: Top Picks for 2007 ? Get Rich Slowly Mon, 05 Mar 2007 15:45:40 +0000 http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-80536 [...] The best way to buy a new car and A real fighting chance [...] [...] The best way to buy a new car and A real fighting chance [...]

]]> By: Get Rich Slowly » Reader Story: Fritz Buys a New Car http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-10807 Get Rich Slowly » Reader Story: Fritz Buys a New Car Tue, 17 Oct 2006 18:11:39 +0000 http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-10807 [...] The best way to buy a new car [...] [...] The best way to buy a new car [...]

]]> By: prlinkbiz http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-8168 prlinkbiz Mon, 18 Sep 2006 23:27:24 +0000 http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-8168 Car Dealerships make a larger portion of their money off financing the vehicles than they do the actual vehicle- so make sure you have your own financing lined up before you head into buy a vehicle. You'll piss the F & I guy off, especially if you don't add any of the extras at the end- but you'll save yourself a lot of money. Car Dealerships make a larger portion of their money off financing the vehicles than they do the actual vehicle- so make sure you have your own financing lined up before you head into buy a vehicle. You’ll piss the F & I guy off, especially if you don’t add any of the extras at the end- but you’ll save yourself a lot of money.

]]> By: Get Rich Slowly » A Real Fighting Chance http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-488 Get Rich Slowly » A Real Fighting Chance Thu, 15 Jun 2006 14:11:08 +0000 http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-488 [...] Yesterday I mentioned Fighting Chance, a service designed to help consumers get the best price on a new car. Here’s one reader’s first-hand experience using their techniques. VinTek writes: [...] [...] Yesterday I mentioned Fighting Chance, a service designed to help consumers get the best price on a new car. Here’s one reader’s first-hand experience using their techniques. VinTek writes: [...]

]]> By: Ricemutt http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-446 Ricemutt Tue, 13 Jun 2006 16:24:35 +0000 http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-446 I second (or third) the recommendations for FightingChance. We just bought our new 2006 325i for $30 over invoice in March using his techniques (I wrote a long entry detailing the process we went through on my own site). We also originally subscribed to Consumer Reports' New Car Buying Kit, but the method advocated by CR and other sites on the internet is a bit flawed. They claim to have the "true" price of the vehicle, which is impossible, and FightingChance explains why. One of the key differences between FightingChance and the rest is that you never make an offer but simply set up a competitive bidding situation by speaking to the right people at the dealership at the right time. I would go so far to say that as long as you are looking to buy a car for which a competitive situation can be set up (which should be true for most cars out there), and do this at the right time (he explains when this is), you'll do better using the FightingChance method than any others out there. (I'm just a happy customer with Fighting Chance and am not affiliated with it, nor do I gain in any way from recommending it.) I second (or third) the recommendations for FightingChance. We just bought our new 2006 325i for $30 over invoice in March using his techniques (I wrote a long entry detailing the process we went through on my own site).

We also originally subscribed to Consumer Reports’ New Car Buying Kit, but the method advocated by CR and other sites on the internet is a bit flawed. They claim to have the “true” price of the vehicle, which is impossible, and FightingChance explains why.

One of the key differences between FightingChance and the rest is that you never make an offer but simply set up a competitive bidding situation by speaking to the right people at the dealership at the right time. I would go so far to say that as long as you are looking to buy a car for which a competitive situation can be set up (which should be true for most cars out there), and do this at the right time (he explains when this is), you’ll do better using the FightingChance method than any others out there.

(I’m just a happy customer with Fighting Chance and am not affiliated with it, nor do I gain in any way from recommending it.)

]]> By: VinTek http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-445 VinTek Tue, 13 Jun 2006 15:49:59 +0000 http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-445 Consumer Reports is a good resource. I used it religeously to determine probable reliability when I shopped for a couple of cars in February. I also used Consumer Guide as an aide in determining which cars I wanted to shop for with regard to driving characteristics. But the Consumer Reports package will not get you the true bottom line price because it doesn't tell you where a dealer is in relation to his sales targets. Therefore, you don't know what price you can get in relation to dealer incentives. The Fighting Chance package helps enormously in helping you determine what a realistic price is by listing actual sale prices in various regions throughout the country. The information and methods used by Fighting Chance are far superior to the advice offered in CR's "Best Deal" Negotiation Advice. Consumer Reports is a good resource. I used it religeously to determine probable reliability when I shopped for a couple of cars in February. I also used Consumer Guide as an aide in determining which cars I wanted to shop for with regard to driving characteristics.

But the Consumer Reports package will not get you the true bottom line price because it doesn’t tell you where a dealer is in relation to his sales targets. Therefore, you don’t know what price you can get in relation to dealer incentives. The Fighting Chance package helps enormously in helping you determine what a realistic price is by listing actual sale prices in various regions throughout the country. The information and methods used by Fighting Chance are far superior to the advice offered in CR’s “Best Deal” Negotiation Advice.

]]> By: dabrfe http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-443 dabrfe Tue, 13 Jun 2006 14:37:20 +0000 http://www.getrichslowly.org/blog/2006/06/13/the-best-way-to-buy-a-new-car/#comment-443 Anyone tried Consumer Reports' pricing service [ http://www.consumerreports.org/cro/cars/pricing/index.htm ]? It sounds similar and is only $14. Includes: • Consumer Reports Bottom Line Price — the price where you should start negotiating (including current national rebates, unadvertised dealer incentives, and holdbacks). • Dealer Invoice Price (provided by the manufacturer to the dealer). • Manufacturers Suggested Retail Price (MSRP) — what the dealer wants you to pay. • Invoice and MSRP Prices for all factory-installed options & packages. • Different Trimlines for your selected models. • Consumer Reports' predicted reliability ratings (based on feedback from over 800,000 car owners). • Consumer Reports' Recommendations on how to equip your car or truck. • Current Safety Ratings based on our analysis. • Alternative Vehicle Choices — so you have genuine options to choose from. • "Best Deal" Negotiation Advice. • Online Buying Advice (I am not affiliated with CR other than being a long-time subscriber.) USAA will also handle negotiations of new cars if you finance through them. I generally trust USAA and have always been please with the service and products I get from them, but there seems to be a bit of a vested interest in paying a higher price if they are financing the deal. Anyone tried Consumer Reports’ pricing service [ http://www.consumerreports.org/cro/cars/pricing/index.htm ]? It sounds similar and is only $14. Includes:
• Consumer Reports Bottom Line Price — the price where you should start negotiating (including current national rebates, unadvertised dealer incentives, and holdbacks).
• Dealer Invoice Price (provided by the manufacturer to the dealer).
• Manufacturers Suggested Retail Price (MSRP) — what the dealer wants you to pay.
• Invoice and MSRP Prices for all factory-installed options & packages.
• Different Trimlines for your selected models.
• Consumer Reports’ predicted reliability ratings (based on feedback from over 800,000 car owners).
• Consumer Reports’ Recommendations on how to equip your car or truck.
• Current Safety Ratings based on our analysis.
• Alternative Vehicle Choices — so you have genuine options to choose from.
• “Best Deal” Negotiation Advice.
• Online Buying Advice

(I am not affiliated with CR other than being a long-time subscriber.)

USAA will also handle negotiations of new cars if you finance through them. I generally trust USAA and have always been please with the service and products I get from them, but there seems to be a bit of a vested interest in paying a higher price if they are financing the deal.

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