Are New Car Price Quotes Online Legit?

Posted by in New Car Price on August 22, 2011

There once was a time, almost twenty years ago, when the only way to find out the fair price for a new car was an arduous task. A new car shopper had to gather Sunday newspapers, drive from car dealer to car dealer, and haggle, haggle, haggle. Even then, the only price the buyer had was the price regional auto dealers were willing to give. How were they to know if they had the best possible price? How were they to know if car shoppers just a few cities over were getting better deals or not? The only way, would be to somehow contact other people who purchased the same new car, or drive several miles to explore the pricing of other car dealerships.

Fortunately, today’s car buyers live in a completely different market. In many ways, new car pricing is in the hands of the buyer. With the invention of the Internet, and the incredible access it gives modern shoppers to information, today’s car buyer should be as informed as the local dealer when it comes to cost, hold-backs, incentives, financing, and dealer profit margin. There is no reason a buyer should test drive a new car without already knowing the absolute best price they can get.

So, is this online new car information accurate? Are online car prices legitimate? Can a buyer trust the information so freely served up on hundreds of car shopping websites around the country? The answer: Possibly.

The truth is, about 95 percent of all online car shopping sites are really just lead aggregators. Modern web technology makes it simple to build a car buying site that is loaded with model specifications, new car builders, and fairly accurate pricing data. The trouble is, they pull the consumer in with all the fancy gadgets only to collect personal information, submit it to their lead aggregation database, and then resell their visitors’ personal info to hundreds of advertising and marketing firms, or to the major car buying sites.

So how does a modern car buyer find accurate information and pricing without sacrificing their privacy, or worse, ending up in the databases of hundreds of advertising agencies? The answer is really simple. Stay with the trusted sources. Do not enter your personal data into a form on a car shopping site unless it is known to be a trusted authority in the auto industry.

There are many trusted authority sites in the auto industry. All of these can be classified into two categories: Dealer Lead Suppliers or Consumer Negotiation Advocates. Dealer lead suppliers include sites from the automakers themselves, dealership websites, and sites such as Autobytel.com, KBB.com, Edmunds.com, NewCars.com, etc. Consumer Negotiation Advocates include sites like CarsDirect.com, AutoSeek.com, and others. Of course there are major differences between these two types of sites.
Read the rest of this entry »

, , , ,

No Comments

How to Find the Best Car Lease Deals?

Posted by in Car Lease Offers on August 22, 2011

To many of us, the norm of finding the best car lease deal with the right monthly payment is nothing but a difficult and laborious process. Generally there are five ways for us to start hunting for the Best Car Lease Deal!

1) Negotiate A Lease Deal at your Local Dealer

Go to your favorite dealer and start the negotiation of a car lease deal with a sales rep beginning with the purchase price of the car then the monthly payment. Before we do that, we could use reliable websites like edumnds.com to find out about new car pricing and Manufacturer’s Suggested Retail Price – MSRP. Then we need to find out about Capitalized Cost and Invoice Price. Next we need to understand to negotiate the lowest Capitalized Cost possible, keep the Residual Value high to lower the monthly payment, understand what Money Factor equals to Interest Rate after using some Money Factor calculate we find online and lastly, choose the Lease Term that works to our best benefit.

2) Get a Car Lease Quote from the Dealer via Email

Take advantage of the internet by emailing the internet fleet manager of your favorite dealerships regarding lease offers. Tell them the make and model you want of your desire lease vehicle, wait for their quotes and start your comparison of all the available lease deals you get from the dealers. Pick the dealership that offers the most competitive offer and start the negotiating the terms of the Lease Deal. Generally, the price quote from the internet fleet manager are more competitive which should get us a better place to start the negotiation. You can also use the lease quote from internet fleet manager to bargain with another local dealership to maximize your advantages.
Read the rest of this entry »

, , , ,

No Comments