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Home > Part 1: Buying a New Car

Part 1: Buying a New Car

June 11th, 2013 at 06:46 am

I researched for over a year before I purchased a car. I test drove multiple brands to narrow it down to cars I liked. I keep my cars for years, until they die, so I wanted a car that was safe, reliable and has excellent gas mileage.

I was planning to keep my car for several more years when it started to have problems every couple of months. Spending money so often and the advice of the mechanic that I find something new/newer I buckled down at the beginning of this year to decide what I was going to do.

Yes, I could have purchased used, leased, bought less expensive, etc. but I wanted new, drive my cars forever and have no problem with purchasing new.

I knew what the bonuses were at the two dealers I was considering, what their goals were supposed to be, what the hold backs were for the first quarter of 2013.

I negotiated via the web with seven dealers to see who would give me the best deal. After getting a good quote I called the two largest dealers on the west coast who sell the most of the car I wanted, and asked them for their opinions on the price. Both said they could not beat it, even if they tried.

The deal was easy to make. I had my car appraisal done at CarMax and the dealer matches the offer (don't tell you they don't as it is a guarantee purchase from CarMax for the price they quote regardless of who brings the car in to them).

We finalized the deal, did the initial paperwork and then I sat, for TWO hours while others who came in, test drove and financed and left. That was frustrating.

So I was gathering my stuff up to leave when the GM came by and asked how my experience was. I told him I was leaving, waiting to long, going to buy elsewhere for being jerked around, etc. He asked what he could do to make the sale. I quoted an amount to come off. He said We are already not making money. I said BS (literally said it) and quoted the hold backs, the bonus they were going to make on the sale, (silly sales people blabbing to much when taking a test drive), and the extra holdback possible because they had already made the quota.

He looked at me for a full minute, made an offer under my request, I said no and he gave in.

I am very happy with the price, the interest rate (zero) the terms etc. And I am loving the car.

I approached the purchase as a business decision. It was not one made with emotions but purely a business decision and it was a good one for me.

Part two: Two questions you should never answer,
how to catch the dealership putting the wrong information on the paperwork, how to research a car purchase beyond the official reviews, and when is the best time to purchase.

2 Responses to “Part 1: Buying a New Car”

  1. snafu Says:
    1370960557

    Many thanks for your experience with Prius thus far. It would be terrific if you'd continue to comment, I very much appreciate learning more and reading Part 2

  2. MonkeyMama Says:
    1371044815

    LOL at the salesman stopping and staring for one full minute. Man, maybe car shopping can be fun in this day and age. My experience is just salesmen getting frustrated and pissy when you call them out on their BS.

    I think approaching car buying as a non-emotional business decision is A+ advice.

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