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Most Car Buyers Take Their Purchase Personally. They Go To Car Dealerships And Expect A Negotiation And To Most Its Like A Game Of Poker. Its A Prideful Moment For Most Of Us. The Problem Is Most Of Us Do Not Know How To Calculate Car Payments. So Were Essentially Negotiating Blindly Which Is A Big Mistake.

Salesmen Exploit This Weakness And Often Use The Invoice As Bait Then Oversell Us A Car Extended Warranty. Therefor Theres No Savings The Profits Recovered In The Warranty.

Rule Of Thumb Is For Every $20,000 Borrowed You Will Pay $10 A Month For Every Interest Point. Ex... $18,000 For 60mo Is $300 And If your Rates 5% Thats Another $50. So Your Combined Car Payment Is About $350.

Yet Some Car Salesmen Say The Car Purchase Will Require Thousands In Down Payment And Payments Over $400. Visit This Car Buyers Consumer Advocate Website When you Have More Time www.FreeCarBuyersAdvice.Com You Will Be Suprised At The Simpliscity Of A Good Car Purchase. Please Share This With Everyone If You Think Its Helpful. Happy Car Buying Everyone.  

I agree with most of what you are saying my friend. I would like to touch on the warranty comment however. You are absolutely right about dealers finding profit right under your nose. I fear that this statement however, without getting a little deeper, will make people think of warranties as "bad". THIS SIMPLY IS NOT THE CASE! Like anything else in a car deal... you must do your research. What most people don't know is that you can purchase a warranty for just about any car at any time. You can also get them for pennies compared to what you'll pay at a dealer.  THERE IS ONE CATCH THOUGH!!!  You must know who underwrites that warranty company's policies (or warranties). The path will always lead to a bank... so research that bank. You're going to want to look for one key thing... LONGEVITY! This is why most peole have the negative feelings about extended warranties now. In the past people were left out to dry by fly-by-night sister lending institutions. Then they were taught from birth to never buy nothing else from a car salesman after the car.

****Keep this in mind: A new transmission can run in excess of $2800****

So don't be scared of extended warranties people...embrace and utilize them. Just... for your sake... do your homework.

 Confident Car Buying Everyone...    

I agree with most of what you are saying my friend. I would like to touch on the warranty comment however. You are absolutely right about dealers finding profit right under your nose. I fear that this statement however, without getting a little deeper, will make people think of warranties as "bad". THIS SIMPLY IS NOT THE CASE! Like anything else in a car deal... you must do your research. What most people don't know is that you can purchase a warranty for just about any car at any time. You can also get them for pennies compared to what you'll pay at a dealer.  THERE IS ONE CATCH THOUGH!!!  You must know who underwrites that warranty company's policies (or warranties). The path will always lead to a bank... so research that bank. You're going to want to look for one key thing... LONGEVITY! This is why most peole have the negative feelings about extended warranties now. In the past people were left out to dry by fly-by-night sister lending institutions. Then they were taught from birth to never buy nothing else from a car salesman after the car.

****Keep this in mind: A new transmission can run in excess of $2800****

So don't be scared of extended warranties people...embrace and utilize them. Just... for your sake... do your homework.

 Confident Car Buying Everyone...    

Sorry for the double post guys. It's late but I saw this and had to comment. Good night!  

Right now, nobody is selling much of anything in new cars. The main point is that you want to know what you want to buy and what your payments will be. And you want to have all your ducks in a row. There are car company's that are offering 0.0 %, you have to supply a 750 credit rating, have paid your bills on time and I would even get pre approved by the Manufacturers Finance prior to visiting the dealership.

Also know your warranty prices. Walk in find the vehicle you want and get your price, then when they take you to finance, take out your PRE APPROVAL and tell the finance guy what your Interest price will be and that you will accept a monthly payment of X by 48-60 Months.
And you will either pay X for the warranty or buy it from whoever on the outside.  
Won't get fooled again in 2010!

Most buyers don't realize there are two opportunities for the dealer to profit when buying a used car.

The first is the front-end profit that comes from your negotiations with the salesperson.  But, hey, everybody knows about this.  The salesperson will work his best negotiating magic to get you to agree to pay as much as possible for the car.

But then you get flipped to the finance manager.  The salesperson's already done his job, and his commission is most likely based entirely on the profit HE built into the sale.  What happens to you from there - well, he couldn't care less.

The finance manager gets you after you have already been "softened up".  You have already agreed to pay thousands of dollars for a car you have already emotionally committed to.  Chances of you walking at this stage are nearly zero.  So he softsells the high-profit-margin items such as insurance, warranties, finish protection, etc.  Face it, if you have already agree to pay thousands, an extra $7/month for insurance or $29/month for warranty isn't much is it?    That's what the dealer is betting on.  The finance manager and dealer himself are the only ones to get there hands in this part of the pie, so they dig deep!

I hope this sheds some light.

Jon Anders  
http://www.OutfoxTheCarDealer.com