| Car Buying Tips: Critical Negotiating Tips by Jeff Neilan |
| First and foremost, plan to succeed. Simple thought I know, but it is part of the preparation. If you go into the process thinking that you would really like to get the selling price down to a certain figure, but at the same time you're telling yourself that this probably won't happen... then guess what... it won't. |
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| Car Buying Tips: How Much Car Should You Try to Afford? by Jeff Neilan |
| Of course, the more money you put down the more car you can buy and still be under the 20% rule. Keep in mind, the more money you put down doesn't affect how much you actually pay and cars are severely depreciating assets... not investments. |
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| Job 1 in Car Buying - Financing First by Jeff Neilan |
| Know how much you can borrow, at what rate, and for what length of time. Once you do this it is very important to then plug of the numbers on the car that you have researched into some various length of time and interest rate scenarios... and by the way, once you do this right the results down... don't try to commit this to memory. |
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| Car Buying Tips: Driving the Deal by Jeff Neilan |
| When you know your numbers and you come across as confident (because you are) the sales people and the others at the dealership will be aware of this and will spend less time trying to 'work' you. |
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| Car Buying Tips: Buying a Second Hand Car by Jeff Neilan |
| First of all, having been in the automotive business for many years, I almost always lean toward finding a good used car that fits what I am looking for. For me, I believe that used cars offer the best value for your dollar. In most cases, you'll find used car departments are much more used to and willing to negotiate the price that they have posted on the car. |
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| Car Buying Tips: First Time Car Buying - Rules to Follow by Jeff Neilan |
| Let's get back to the financing angle for the point of our discussion. You'll want to insist that your first time young adult car buyer be in a comfortable position to put at least 20% down of the purchase price. Also, don't allow them to consider financing beyond the 48 month mark. In fact, insist on this. |
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| Car Buying Tips: 0% Interest Isn't Always The Best Deal by Jeff Neilan |
| And don't let the dealer pull your credit report before you agree on the car deal part of the transaction itself. You credit has nothing to do with negotiating the selling price of the new car or the trade-in value of your old car (if you are trading); so don't give it up. |
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| Car Buying Tips: Are Demo Units Good Car Deals? by Jeff Neilan |
| It's probably important to note at this point the new car warranty part of that last statement. Keep in mind that from the manufacturer the new car war and the begins at 0 miles on the odometer... not at the mileage on the car at that point in which you buy it. |
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| Car Buying Tips: What's Your Budget? by Jeff Neilan |
| Either way, as you take a look at what you can afford, you have to take into consideration all of the extra costs involved in buying/owning a car. Certainly today fuel costs are a major consideration. And there is always going to be your insurance premium, maintenance costs (used cars will be higher), etc. |
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| Car Buying Tips: What Exactly Is Dealer Invoice? by Jeff Neilan |
| It really baffles me how this works on the consumer. Just do the simple math; if this dealer sold 300 cars a month (about 10 cars a day!) times $50 over factory cost (the inference here is that you are paying $50 over what the dealer gets the car for) this dealer would be grossing $15,000 per month on new car sales. I can unequivocally tell you that this would never cut the mustard. |
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| Dealing With A Car Dealer by Jeff Neilan |
| Negotiating the price of a car puts a lot of people into their uncomfortable zone. But, it really should not; especially today with all of the information available to the consumer. The key to confidence and a higher level of comfort comes in the form of knowledge and research. |
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| Car Financing: The F&I Department by Jeff Neilan |
| Don't assume that you are going to be offered the best possible interest rate you can get by the F&I manager. Quite the opposite! Adding a point or two (or more) to your contract interest rate above what you qualify for is a serious profit maker for the dealer. |
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| Buying Versus Leasing A Car by Jeff Neilan |
| In the short term leasing may look attractive to you because monthly lease payments will more than likely be less than the monthly payments of a purchase agreement. Why? Because with a lease you are essentially only paying for the part of the car you are going to use. |
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| Job 1 In Car Buying – Financing First by Jeff Neilan |
Before you get all warm and fuzzy about a particular car that you are looking and head off to the dealership to do battle for the coveted chrome, get you financing lined up first.
Know how much you can borrow, at what rate, and for what length of time. Once you do this it is very important to then plug of the numbers on the car that you have researched into some various length of time and interest rate scenarios… and by the way, once you do this right the results down… don... |
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| Car Buying Critical Negotiating Tips by Jeff Neilan |
O.K. you’re patting yourself on the back for all of the homework you’ve done on your perspective car that you are going to buy… so you’re fired up and ready to go… right?
It’s great that you’ve done much homework on the car that you’ve got your eye on… good job. But, consider this – have you given any thought at all as to what your negotiating game plan is going to be? If you really want to maximize your car deal, it only makes sense to give this area some additional consi... |
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| A Quick Car Buying Survivors Guide by Jeff Neilan |
Car dealerships are just like any other business in that they are responsible for generating an operating profit. And like any other businesses there are those that attempt to do so upfront and straight forward and... those that are... well... less than straightforward.
Without a doubt the best chance that you have to avoid contributing exorbitant amounts to a car dealer’s gross profit is for you to get your research and financing in line prior to ever setting foot on the ... |
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| Zero Percent Interest Isn't Always The Best Deal by Jeff Neilan |
When it comes to the car buying process, doing your financing homework is just as important and doing all of the research and homework about the car(s) itself.
The financing piece of the car buying puzzle is a very important source of potential profit for the car dealer, so you should not take this part of the car deal lightly.
Let’s take a look a few do’s and don’ts when it comes to financing your next car purchase.
First and foremost is for you to find outside fina... |
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| The Mysterious World Of Auto Leasing by Jeff Neilan |
Auto leasing and the marketing thereof have been somewhat under the radar the past few years due to very low interest rates offered up by lending institutions. For most, the allure of leasing a car has been the advantage of lower monthly payments. With the low financing rates, this advantage has been shifted to traditional financing.
The world of car leasing has a long history of being somewhat less than straightforward. Even now one can find some pretty good deals out the... |
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| How Much Car Should You Try To Afford? by Jeff Neilan |
You’ve been bitten by the new car bug. Or perhaps you’re just so tired of your current car; you can hardly stand to drive it anymore.
You’re about to embark on the research phase of the car buying experience (which is the right course of action). But, before you even begin pointing, clicking, and eyeballing these shiny new toys; take a step back and determine just how much car you can afford to own and operate.
The conventional wisdom is not more than 20% of your monthl... |
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| Your Credit Score & Your Car Insurance Costs by Jeff Neilan |
It’s certainly no secret today that your credit score goes with you just about everywhere when it comes to purchasing something on time. However, if you think your credit score only comes into play when you are applying for a loan you need to re-think that.
When it comes to car insurance, many insurance companies will also take your credit score into consideration when it comes to determining the cost of your coverage or even coverage at all if you are applying for insuran... |
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| Car Buying – Driving The Deal by Jeff Neilan |
When it comes to negotiating your best deal on the car you’ve got your eye on, first and foremost you have to do your research and homework on all the various parts of putting a car deal together.
At a high level, this is all the pricing, rebate, and dealer incentive numbers you can find on your perspective car. You’ve lined up your financing so you know what you qualify for, how much you qualify for, how long you can finance, and what your monthly payments will be based o... |
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| On Vacation - Do You Need Rental Car Insurance? by Jeff Neilan |
If you’re in the planning stages of your next vacation and they include a rental car, you may want to talk with your insurance agent about the rental car insurance options that you may have.
When it comes to traveling and more specifically rental car insurance, the market is extremely competitive for your dollar. This is because not only do the insurance companies compete for your dollar, but so too do the rental car agencies, and your credit card companies as well. And wh... |
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