| Repossessions are on the rise. Even consumers with | | | | your mouse. |
| excellent credit histories are being affected by | | | | 3) Arrange Your Own Financing |
| today's tough economy. People are finding that their | | | | Car Dealerships make big money when they arrange |
| over inflated vehicle payments are strapping them | | | | financing for you. Of course, if they can beat the |
| for cash and they simply can't afford to keep up. | | | | best rate you were able to get on your own, then |
| Follow these six simple steps to make the smartest | | | | finance with their source. |
| buy possible and avoid the pain of an over inflated | | | | 2) Negotiate The Best Deal |
| payment. | | | | This may sound difficult for some, but it is really not |
| 6) Do Not Buy New Vehicles | | | | as hard as you think. Keep in mind that for every |
| This is due to the massive and immediate loss in | | | | thousand dollars you are able to lower the sale price |
| value you will realize as soon as you drive off the car | | | | or get more for your trade, you will save an average |
| dealerships lot. The only time it may be okay to buy | | | | of $20-$30 per month. If you were able to negotiate |
| a new vehicle is if you lease the vehicle, or employee | | | | $4,000 off the sale price that would equate to |
| pricing is available in addition to large rebates and | | | | $80-$120 per month in savings. That's big! |
| special finance rates. | | | | 1) Never, Never Buy Your New Vehicle The Same |
| 5) Do Not Buy More Than You Can Comfortably | | | | Day You First Find It |
| Afford | | | | Always, always see if the car dealership will allow you |
| An example would be someone making $2,000 a | | | | to take the vehicle home for the night before signing |
| month and taking on a $500 a month car payment. | | | | the contract. You need time to evaluate the deal and |
| You may think at the time you buy your new car | | | | the vehicle in a pressure free environment, without |
| you can make this payment, but I'm willing to bet | | | | any sales people or sales managers trying to cloud |
| you'll regret it a few months down the line. I would | | | | your judgment and use your emotions against you. |
| suggest a payment that is no more than 15% of | | | | This is one of many car buying tips available, but an |
| your gross monthly income. | | | | important one. Follow these steps and you will not |
| 4) Shop Online | | | | only make a smart buy, but also make the entire |
| Competition is fierce online and you can shop a | | | | experience much easier and more enjoyable. |
| multitude of car dealerships with a simple click of | | | | |