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<blockquote data-quote="Old One" data-source="post: 2240308" data-attributes="member: 83"><p>What JD said...</p><p></p><p>Hit kbb and edmuds.</p><p></p><p>Here is a strategy I have had clients use on several occassions...</p><p></p><p>(1) Use edmunds.com to narrow down the true dealer cost of the vehicle(s) you are looking at. You can then input your criteria into edmunds to search dealers in your area. I usually do recommend going with a pre-certified used car that is 2-3 years behind the current model year. Since the 2006s will be hitting the street soon, 2003 fits the bill. as Nakia said, most new cars loose 20%+ of their value in the first 2 years, after which depreciation slows considerably.</p><p></p><p>(2) Once you have identified the dealers that have the car you want (with the appropriate goodies), e-mail and/or fax the used car manager telling them you will be buying a car in the next 48 hours, that you have identified car X as a possible candidate and that you are contacting all local dealers with that car for possible purchase in a competitive bid situation. The dealer that gives you the best deal with the minimum hassle will (subject to a satisfactory test drive) get your business. This short-circuits a lot of the used car crapola and often gets you the best price with minimum hassle. The key is knowing all the numbers ahead of time and pitting them (the dealers) against each other...good for you, bad for them.</p><p></p><p>(3) Have you financing in place before you go - preferrably through a credit union or another lending institution that has a good rate...check <a href="http://www.bankrate.com" target="_blank">www.bankrate.com</a> for competitive rates in your area.</p><p></p><p>Good luck!</p><p></p><p>~ OO</p></blockquote><p></p>
[QUOTE="Old One, post: 2240308, member: 83"] What JD said... Hit kbb and edmuds. Here is a strategy I have had clients use on several occassions... (1) Use edmunds.com to narrow down the true dealer cost of the vehicle(s) you are looking at. You can then input your criteria into edmunds to search dealers in your area. I usually do recommend going with a pre-certified used car that is 2-3 years behind the current model year. Since the 2006s will be hitting the street soon, 2003 fits the bill. as Nakia said, most new cars loose 20%+ of their value in the first 2 years, after which depreciation slows considerably. (2) Once you have identified the dealers that have the car you want (with the appropriate goodies), e-mail and/or fax the used car manager telling them you will be buying a car in the next 48 hours, that you have identified car X as a possible candidate and that you are contacting all local dealers with that car for possible purchase in a competitive bid situation. The dealer that gives you the best deal with the minimum hassle will (subject to a satisfactory test drive) get your business. This short-circuits a lot of the used car crapola and often gets you the best price with minimum hassle. The key is knowing all the numbers ahead of time and pitting them (the dealers) against each other...good for you, bad for them. (3) Have you financing in place before you go - preferrably through a credit union or another lending institution that has a good rate...check [url]www.bankrate.com[/url] for competitive rates in your area. Good luck! ~ OO [/QUOTE]
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