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“Auto Savings Advice & Tips On How To Reduce All Your Vehicle Expenses”
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Many dealers will offer a reasonable price for the vehicle (including financing) and expect to increase their profit margin (and cost to the customer) by selling the customer extras, over and above the base vehicle and vehicle options that were agreed upon. These extras are almost always unnecessary, and usually overpriced when purchased from a dealer. Do not ruin the good deal you have negotiated by letting the salesman pressure you into spending more money on the “extras.”
1. Today’s new vehicles almost always have a clear coat finish, and do not require any additional paint sealants.
2. Likewise, interior materials like seats usually do not need additional treatments when the car is new to maintain their appearance and durability. If you are concerned about leather seats cracking or fabric seats becoming soiled, inexpensive treatments can be purchased at your local auto store, and easily applied at a fraction of the dealer’s cost.
3. Undercoating is also not required on today’s new vehicles. The dealer may say it protects against rust or gives you a quieter ride, but it is not necessary.
4. Other items like glass etching or custom paint applications (such as pin striping) are also not necessary, but if desired can usually be purchased elsewhere at a lower cost.
5. Resist the urge to buy credit life or disability insurance aimed at making your monthly vehicle payments, if something happens to you. These policies are very overpriced and, if the premiums are added to your monthly payment, you are actually paying interest on the premium payment. If you need to cover this risk, buy regular term life insurance or disability insurance directly from an insurance company. These policies will provide funds that can be used toward vehicle payments if something happens to you. Visit SavingsNut.com and look under the “Life & Disability Insurance” heading of the “Home Finance” section for more information on insurance alternatives.
6. Extended warranties offered by the dealer often cost $500-
7. Do not forget about “lemon laws” if the dealer does not fix for free the problems you have with your vehicle, under the manufacturer’s new vehicle warranty.
a. These laws vary state-
b. If you are having problems with your new vehicle, make sure you keep all maintenance records, as well as a log of the actions you took with the dealer to remedy the problems, and the actions the dealer either took or did not take to make the vehicle right. These records will be required if you need to use the protections afforded under state “lemon laws.” If you do have a problem and need to utilize the state “lemon laws,” make sure you contact an attorney that is familiar with cases of this type. Most often, any attorney’s fees will be covered by any settlement reached. Ask your attorney.
BUYING NEW CARS -
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