Posts Tagged ‘Canada’
Step 1: Narrowing Down Your Choices Step 2: Research Step 3: The Test Drive Step 4: Purchase Strategy . . . The Most Important Step! Step 5: No Hassle Purchase ---------------------------------------- Step 1: Narrowing Down Your Choices One of the most important steps of new car buying is deciding exactly what type of car fits your needs. Do you want a large vehicle with lots of room or a small car thatâ€™s very fuel efficient? Whether youâ€™re looking for a practical Dodge Caravan minivan to take the kids to hockey practice or a sporty Mazda MX5 convertible to drive through the summer, itâ€™s essential to define your model class and price range. Step 2: Research Once you have defined the class and price range, the next step is to research features, safety ratings and reviews to establish your short list. There might be ten different cars in the class you are considering. Therefore using analysis from experts to narrow down your choices can be very useful. The Internet has a wealth of knowledge to help you research new cars, including car magazine sites such as Car & Driver www.CarandDriver.com, TheCarMagazine www.TheCarMagazine.com, Motor Trend www.MotorTrend.com and CanadianDriver www.CanadianDriver.com. Â Some of the better Canadian car manufacturer websites are www.HyundaiCanada.com, www.Toyota.ca, www.Ford.ca, www.Nissan.ca, www.BMW.ca, www.Mazda.ca and www.Subaru.ca. For reliability rankings try www.Edmunds.com, www.JDPower.com or www.ConsumerReports.org. Step 3: The Test Drive You should always thoroughly test drive all the vehicles on your shortlist. No matter what the reviews say, the only way to tell if you feel comfortable in a vehicle is to drive it yourself. Bring the whole family and take it out for at least 20 minutes on the same types of roads that you usually use. Move the seats around, familiarize yourself with the carâ€™s features and the pros and cons of each vehicle will quickly surface. Step 4: Purchase Strategy . . . The Most Important Step! When you are ready to make your purchase there are a few key elements you should consider to insure an enjoyable car buying experience. Everyone wants to get a good deal. The problem is, how do you know youâ€™re getting a good deal? This is where the anxiety really kicks in. If you are debating between two cars priced at $30,000, how do you decide which one to buy? On the first car, you may only be able to get a $500 discount. On the second car may be able to get a $1,000 dealer discount plus a $3,000 factory cash rebate that is not advertised. If you had this information, the decision would be much easier. The car salespersonâ€™s job is to try to sell you the car for the MSRP or Manufacturer Suggested Retail Price. For you to get the best price, you need to know what the factory invoice/wholesale price is and more importantly, you need to know which factory rebates are available on the cars youâ€™re considering. Click here to see a sample of a CarCostCanada Wholesale Invoice Price Report, which includes all the information youâ€™ll need. Take the invoice/wholesale price, including options and deduct all applicable cash rebates. This is the ideal place to start your negotiations, since this is the actual price the dealer paid for the car from the factory. Considering the potential savings, the cost of buying reports is minimal. It will greatly reduce negotiation time and save you anywhere from $500 to $5000 or more on your new vehicle purchase. Step 5: No Hassle Purchase After youâ€™ve generated your price reports, make an appointment to speak with a senior salesperson or sales manager at one of CarCostCanadaâ€™s pre-screened dealers or your local dealership. Most dealers will try to make 8%-10% profit on the car. For example, if you are buying a $30,000 car, the dealer may have paid $25,000. Therefore, a 10% profit would be $2,500. Fortunately, most dealers are willing to sell new cars for 3%-5% above the invoice price and pass along all factory rebates, if and only if, they feel they have to, when making a deal. Looking at the same $30,000 car again, if the dealer would sell it for a 3% profit instead of 10% it would be only $750 to the dealer. This translates into savings of $1,750 plus HST on the $1,750 (at 13% HST, it would be a total savings of $1,977.50). Thatâ€™s a lot of money! Therefore, when you are ready to buy, simply show them the report and tell them you are willing to pay a fair price. This will lead to a quick and relatively painless transaction that will make you feel great and get you boasting to your friends about how great a negotiator you are. â€śThe dealer accepted my price without any negotiations. I enjoyed the hassle free purchase without the stress of hagglingâ€ť George from Brampton bought a 2010 Toyota Camry To join CarCostCanada and get all the information you need click here
After a long wait, Ford has released it's 2011 Ford Explorer and it looks like it has lived up to the hype! To get theÂ FULL DETAILS from Ford on the New 2011 Ford Explorer,Â click hereÂ to seeÂ Ford's press release. 2011 Canadian Ford Explorer prices have now been announced starting from $29,999 + Freight and taxes. But that's just the retail price. CCC members always pay less than retail. Click the links below to get started down the road to savings. For 2011 Ford Explorer Retail and Wholesale Prices click on this link. For 2010 Ford Explorer Retail and Wholesale Prices click on this link. . Join CarCostCanada for only $39.95 to get instant access to Wholesale Invoice Price Reports Today. CAA Members click here to get 25% off and pay only $29.96.