How To Buy a New Car
Are You Looking to Buy a New Car Now or in the Near Future? Learn How to Save $5000 on your New Car Purchase
Consider today to be your lucky day as I am about to educate you on how to save on average $5000 on a purchase of a new car. You probably are thinking that is just crazy but that is exactly how much the average car buyer is over paying when purchasing a new vehicle. How can that be, well let me explain.
When Trying to Buy a New Car do you know the difference between Sticker Price and Invoice Price? Do not think they are the same
The Sticker Price is also referred to as the “M.S.R.P.” which is short for Manufacturer’s Suggested Retail Price. This price is commonly found on the window of a new vehicle when looking to buy a new car. This is simply a suggested asking price not the price the Car Dealer paid for from the Car Manufacturer.
Many times a car dealer will mislead the car buyer in thinking the retail sticker price on the vehicle is the price the dealer paid for the vehicle form the manufacturer. Not true, the Invoice Price which they do not offer to reveal to you is more of an indication what they paid the manufacturer for the vehicle. Yet the Invoice Price does not reflect the numerous rebates and incentives the dealer receives from the car manufacturer.
Learn how to find the Invoice Price of any new vehicle. The Car Dealer hates this one but there is a way where you the average customer can obtain the actual Invoice price of the vehicle you intend to buy.
Want to Buy a New Car? Did you know that all Car dealerships have a Fleet Manager that sells vehicles for a few hundred dollars over Invoice Price?
Just about all new Car Dealerships will have a Fleet Manager. Commonly the Fleet Manager deals with entities that are looking to buy multiple vehicles. However, if you follow the correct procedure you the individual customer can purchase a vehicle using their services and receive special pricing.
Most people are lead to believe that the Fleet Manager only works with large companies, state and local government agencies. Guess what, you the individual consumer can buy a new car through a Fleet Manager but you have to know the process and follow it correctly.
Learn the proper standard process and receive special fax forms to contact a New Car Dealership Fleet Manager and obtain bids to buy a new car.
Do you know the difference between Front End Profit and Back End Profit?
Most people do not and here is where they are mislead in thinking they will buy a new car for a great price. You probably are familiar with Front End profit. This the the difference from which a car dealer buys the vehicle from the auto maker and sells it to you. Most car buyers focus on negotiating the total price of the car and think that is all they need to do. But the dealer adds on to the price with Back End Profit. Things like Gap Insurance, Supplemental Warranties, Undercoating all are pricey and added to the sales price negating the money you are saving on the Front End.
It is tactics like these that make you think you getting a great deal but in reality you are overpaying greatly for the vehicle.
If you are not aware of the above concepts I just mentioned and proceed in buying a new vehicle from a car dealer then you will overpay on average $5000.
Do You Make These Common Mistakes When Looking to Buy a New Car?
- Allow the Car Dealer to run your Credit Report instead of obtaining your own report prior to visiting the dealer
- Allow the Car Dealer to provide you financing through one of their preferred lenders
- Accept the Car Dealers Supplemental Warranties without shopping around
- Purchase a vehicle by going through a salesperson who tries to add to the price in order to increase their commission
- Fail to obtain the Invoice Price of the vehicle your interested in
My name is Peter Humleker and I am former General Manager of a Car Dealership. I truly know all the tips and tricks saving money to buy a new car and make the greatest profit when selling a new car. Nowadays I educate people just like you on how to save money buying a new car and not fall victim to dealer markups and add ons.
The car business is not the most honest business in town. If you are not fully educated, prepared and armed with the necessary car buying information you will overpay greatly for your next vehicle.
Click the How To Buy a New Car link below and see that I am real person like you. My short Introduction video explains everything in detail how I help you save on average $5000 when you buy a new car.
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Watch My Video on How To Buy a New Car
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