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Archive for the ‘AUTOMOTIVE’ Category

Negotiating Like A Pro: Auto Dealer Secrets Revealed

Posted by kristobaldude on April 6, 2014

http://autos.aol.com/article/negotiate-car-financing?icid=main|hp-desktop|dl6|link4|http%3A%2F%2Fautos.aol.com%2Farticle%2Fnegotiate-car-financing

Negotiating Like A Pro: Auto Dealer Secrets RevealedPosted: Dec, 24 2009

Read More From Michael Royce

Sales data shown is of top 20 selling cars and trucks as compiled by Autodata Corporation.
Congratulations. You’ve successfully negotiated the purchase price of your new or used car or truck. You’ve made a great deal.

Next you’re ushered into the dealership’s “Business Office” – also known as the “F&I Office” for “Finance and Insurance”. You’re introduced to the Business Manager, a pleasant well-groomed woman (or man) who congratulates you on your purchase. She reassures you that you made a wise decision and that the tough part is over so now you can relax. You sit and breathe a welcome sigh of relief.

As you go through the formalities of signing the various forms and agreements, she casually explains to you your financing terms, your interest rate and other details. Along the way, she offers you several “extras” that will add “mere pennies a day” to your monthly payments. Among these items might be an Extended Service Warranty, Paint and Fabric Protection, Rustproofing, Undercoating, Alarm System, Window Tinting, and maybe even Life, Health, or Disability Insurance.

You’re relaxed. The negotiating is over. And these “extras” sound really worthwhile. Besides, you like this Business Manager. She’s so darn nice and sincere. So you agree to the interest rate and financing terms. You purchase the Extended Service Warranty. You even purchase the Paint and Fabric Protection.

BAM! You just put a small fortune in her purse. Why? Because the biggest secret that the dealership doesn’t want you to know is this:

The “Business Manager” is, in reality, a salesperson working on commission.

Most of what the Business Manager offers you is negotiable.

Of course, you probably didn’t know that. Most car-buyers don’t. And certainly no one at the dealership is going to tell you.

The plain fact is: Car dealerships often make more profit from the financing of the vehicle and the sale of “extras” sold in the Business Office than from the actual sale of the vehicle itself.

So what to do? No worries, my friend. Here are some tips for dealing effectively with the car dealership’s “Business Manager”:

1. Don’t let your guard down. Just because the Business Manager may seem friendlier and nicer than the car salesman, it doesn’t mean the deal is over once you enter the Business Office. It isn’t. The deal doesn’t conclude until you drive the vehicle off the dealership’s lot. So despite how friendly the Business Manager may seem, remember that she’s there to make as much money as possible for herself and the dealership.

2. Arrange your financing before you go to the dealership. Since the Business Manager works on commission, she may try to trap you in a higher-than-necessary interest rate so she can maximize her commission. Avoid the dealership games by arranging your financing before you set foot in the dealership to buy. Apply for an auto loan at your bank or credit union. You can also apply for an auto loan online. Then compare all of the loan offers you’ve received and choose the best one. Once at the dealership, compare your best offer with the dealership’s offer and decide which is the best deal for you.

3. Try to negotiate the interest rate. If you were unable to qualify for financing from any bank, credit union or online financier, then you’ll probably be stuck with dealership financing. And your auto loan will probably have a relatively high interest rate since you are considered a “credit risk.” Nonetheless, if you feel that the interest rate that the Business Manager offers you is unreasonably high, tell her so and ask her to lower it.

4. Think twice about the “extras.” Each “extra” you purchase means another commission to the Business Manager. But do you really need these “extras”? Probably not. For example, you’ll certainly be offered an Extended Service Warranty. All new cars and trucks come with comprehensive warranties so you don’t need to buy another one. As for Paint Protection, you can apply it yourself by buying any inexpensive “over-the-counter” polymer sealant car wax. You can apply Fabric Protection yourself by buying a can of Scotchguard. You may be able to purchase Window Tinting, Alarm Systems, Pinstriping and other after-market items cheaper on your own. Rustproofing is usually applied automatically in the factory so you certainly don’t need to pay twice for it. (Check your vehicle’s Factory Warranty to see if it includes a Rust Perforation Warranty. Most do.) And by all means, decline any health or life insurance that you may be offered by the dealership.

5. Go to the experts for answers. Don’t count on the dealership to give you straight answers about financing. Remember, they may say anything to get you to finance your vehicle with them on their terms. So for the real facts about monthly payments, interest rates and other important financing details, ask your bank or credit union for the truth. They’ll be happy to take the time to explain it all to you in an easy-to-understand no-pressure atmosphere.

6. Take the time to learn. Be sure to do all of your research and get the necessary facts before you go to the dealership to buy. Remember that they want you to be hurried and confused. So don’t fall for that trap. Take the time to do your research. It’ll pay off big time in the long run.

Read More About Car Buying:

– Car Buyer Secrets
– Car Buyer School
– Car Buyer FAQs

Michael Royce is a consumer advocate and former car salesman. For more car-buying tips and advice, visit his Beat The Car Salesman website.

Posted in .Interesting Reads & Reblogs, AUTOMOTIVE | Tagged: , | Leave a Comment »

Fuel Economy of the 2010 Toyota Matrix

Posted by kristobaldude on July 18, 2012

2010 Toyota Matrix

Fuel Economy of the 2010 Toyota Matrix.

Posted in .Interesting Reads & Reblogs, AUTOMOTIVE | Tagged: , , , | Leave a Comment »

how to buy a car on craigslist – Google Search

Posted by kristobaldude on May 31, 2012

how to buy a car on craigslist – Google Search.

Posted in .Interesting Reads & Reblogs, AUTOMOTIVE | Leave a Comment »

Steves_Van_Conversion

Posted by kristobaldude on April 19, 2012

 

Steves_Van_Conversion.

Posted in .Interesting Reads & Reblogs, AUTOMOTIVE | Leave a Comment »

Cheaprvliving.com

Posted by kristobaldude on April 19, 2012

Cheaprvliving.com.

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Living in an RV travel trailer full time, a few things to consider | RV Forum, for RV Travel and RV Camping

Posted by kristobaldude on April 19, 2012

Living in an RV travel trailer full time, a few things to consider | RV Forum, for RV Travel and RV Camping.

Posted in .Interesting Reads & Reblogs, AUTOMOTIVE | Tagged: | Leave a Comment »

How to Clean Milk Stains In A Car or Vehicle

Posted by kristobaldude on June 5, 2010

Hint:  Vinegar seems to be the best overall answer, although the issue really has not been conclusively resolved. 😦  Review the links below for more info:

(EXCERPTS FROM: http://www.thriftyfun.com/tf974245.tip.html)

RE: Cleaning Milk Stain In Car

By Harvey (Guest Post)

My granddaughter spilled some milk on the rear seat of my car. I wasn’t aware of it until a few days later because it went down the hole where the seat belts come out of and onto the mat that is between the bottom of the seat and the metal car floor. By then the smell was gross. I pulled out the rear seat and spread baking soda on the mat and let it sit overnight but it didn’t help. A co-worker of my wife informed her that she had the same problem in the past and here’s what always worked for her – Coffee Beans! Just spread coffee beans over the area and let it sit overnight. It smells great and absorbs all the sour smell. I spread coffee beans over the mat, replaced the seat on top of the beans and kept it there for three days and then vacuumed them up. It works. The car smells great. You have to use beans, not ground coffee.

Editor’s Note: Ground coffee also works well. 

Posted in AUTOMOTIVE, HOUSEHOLD | Tagged: , , , | Leave a Comment »

Your General Motors bonds aren’t worth much any more … (or WTF is MTLQQ & Where The F*** Is My Money?)

Posted by kristobaldude on June 5, 2010

(Fearing this article will disappear, I have copied it from http://www.usatoday.com/money/perfi/columnist/krantz/2009-07-24-general-motors-bonds_N.htm  All credit for the article goes to Matt Krantz), though the image is sourced from a different site.)

Q: What’s going to happen to my $300,000 of General Motors bonds?

A: I’m afraid I don’t have good news for you.

First, you no longer own General Motors bonds. You own bonds of Motors Liquidation Co., which is the name of the company formerly known as General Motors. After GM teetered on on the brink of collapse, the company entered bankruptcy to restructure. In the process it left behind some assets in Motors Liquidation Co. (MTLQQ) as the new General Motors emerged with most of the company’s assets.

All the publicly traded shares of the old GM and the bonds issued by the old GM were moved into the Motors Liquidation Co., whose fate, and the fate of your bond investment, is going to be determined in bankruptcy court.

Mostly likely, the company will sell what assets it has, and the proceeds will be paid to creditors, including bondholders. Its extremely difficult to know how much bondholders will get when this is completed. It’s fair to suspect that what you get will be well below what you invested, but I wouldn’t want to hazard a guess on how much lower it will be.

You can read answers here to frequently asked questions about the bankruptcy and what it means.

You can keep up with bankruptcy proceedings here.

In the meantime, if you don’t want to wait to see what the recovery will be, you can contact your broker. There’s a chance the broker might be able to sell some of the securities at a significant discount if you need immediate cash.

But this might incur too much of a loss for you, and you might have difficulty finding a broker who can do it for you at a reasonable commission.

Matt Krantz is a financial markets reporter at USA TODAY and author of Investing Online for Dummies. He answers a different reader question every weekday in his Ask Matt column at money.usatoday.com. To submit a question, e-mail Matt at mkrantz@usatoday.com. Click here to see previous Ask Matt columns. Follow Matt on Twitter at: twitter.com/mattkrantz

Posted in AUTOMOTIVE | Tagged: , , | Leave a Comment »

 
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