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How to negotiate the purchase of a new car.

February 15th, 2009 at 05:47 am

I just wrote a more detailed explanation of ways to negotiate a good price on a car.
You can find it on my web page:

http://www.on-my-way-up.com

Let me know what your thoughts are, and whether I was clear or not.

Thanks for your opinions.

Chico

I just bought a MATRIX 2009!!

February 8th, 2009 at 04:51 pm

Talk about spending money.



I just spent $18,900.00 on my new Matrix. I needed a new car because my previous one was having mechanical issues.
I didn't want to deal with it anymore and this deal should permit me to live trouble free for a good while.



Talking about finances: I managed to get myself a good deal.

I got 2.9% on a $18,000.00 loan and payed the rest as the "down payment."

The breakdown on my costs are the following:

$18,900.00 purchase price
$945 (5% sales tax)
25 (transfer registration fee)
50 (new title fee)
298(document fee-financing applic. fee)

GRANd TOTAL:

$20,218.00

DOWN PAYMENT IN CASH $2,218.99

LOAN AMOUNT $18,000.00
Special rate financing at 2.9%.

My next 60 monthly payments will be $323.03 each month.

(PLUS INSURANCE).

Hope this gives an insight into the hidden extra fees associated with purchasing a car.

I will discuss "Negotiating the price" momentarity...but believe me...the better prepared you are the better you can handle the situation..with NO SURPRISeS..

I got grilled for a good amount of time before they gave me the price I go..

...I feel like I got a good deal...considering the options in the car.

They were asking $22,259.00 & I got it for $18,900.00; a reduction of $2259.00

Oh well, I am spending a lot of money...and getting in more debt...in the end I am doing it all for Barack Obama.
I am helping stimulate the economy...

...now if I could only stimulate a pay raise soon....

-More to come-