Auto Dealers Compete

Is it time to buy a new car? If so like many Americans you are not looking forward to the experience. iit’s probably on par with going to the dentist.

Not all salesmen, finance and insurance managers, and dealerships are financial vampires — or doing anything illegal. “For the most part, 95 percent of time, they’re not unscrupulous,” says David Thomas, editor at Cars.com. The salesmen, he contends, are just trying to earn their commissions.

Favorite tricks of the car-dealer trade: Financial News – Yahoo! Finance

Yeah right! 95% are honest? Not sure what planet he is living on but it must me a nice one…

He does say: “Buying a new car can feel like walking through a field of landmines. With three major pits of profits for the dealership — the new car price, the trade-in and the financing — it’s easy to walk right into a money trap.“

I agree with this at least.

He also states that before you go on the lot you should do your research around your car. I agree with this as well.

Check out the article has some good points about the pitfalls of financing and other dealer offers.

technorati tags:buy a new car, invoice, salesman

You have to love California! Allowing for the firs time buyers to return a new car after purchase up to  2 days as long as the price was under $40,000

(CBS) LOS ANGELES For the first time in California, you now have a legal right to return a used car which costs less than $40,000 within two days of purchase, thanks to a new law called the car buyers bill of rights.Harvey Rosenfield is a consumer watchdog with the foundation for taxpayer and consumer rights. He says, “This is the single most important reform for car buyers that’s ever been achieved not only in California but around the country.”

cbs2.com – Calif. Car Buyers Have New Return Rights

technorati tags:New Car Return Rights