15K cash for a Car! Dealership or No?

Discussion in 'Off-Topic' started by SweetPoison, Jun 27, 2011.

  1. SweetPoison
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    SweetPoison iPad Legend

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    My daughter got a loan for 15K from our credit union. Would you go to a dealership for a new car or Car Max? Not even sure anyone knows what Car Max is. Could be only here in Sacramento.:eek:

    I know I have other questions....
  2. Tim SPRACKLEN
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  3. SweetPoison
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    SweetPoison iPad Legend

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    Clearly. ****ums. Forgot about this thread, thanks Tim.


    Oh. LOVE The new avatar, babe.:D
  4. Tim SPRACKLEN
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    Tim SPRACKLEN iPad Legend

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    Yes - my newly appointed Executive Avatar Manager is doing a fine job. I'm just waiting for the tab.....:(

    Tim
  5. SweetPoison
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    SweetPoison iPad Legend

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    What? Your trippin. There is no tab, silly.:)
  6. SingingSabre
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    I'd avoid CarMax. Best thing to do, imho, is to go to your trusted mechanic (or get referrals for one if you don't have one) to inspect any used car you're interested in picking up. Many mechanic shops actually sell cars.

    That said, 15k is a pretty great chunk to have ready to go. Consider checking a dealership for a certified pre-owned. I recommend Honda or Toyota for pre-owned. With that 15k approval, you'll have some serious bargaining power.
  7. Mountainbikermark
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    15k will get you a new 2011 Hyundai here with about 3k left over.
    CarMax is ok if you get a good one but heaven help you if anything hours wrong during the warranty period.

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  8. SweetPoison
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    That is what my daughter wants, and already has, is a Toyota or Honda. So you don't care for CarMax either...

    I said the same thing about some bargaining power ~ her loan is from our credit union. So basically, she is paying cash to whomever...

    They like that, right?:eek:

    Wow. Good to know, Mark! Thanks!
  9. info
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    Every time I buy a car I find it useful to just read over the latest Consumer Reports Auto Buying Guide for that year. It invariably ends up leading me to a more informed choice. Good Luck!
  10. SingingSabre
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    Sometimes they do. On one hand it takes a lot of hassle and guesswork out of it for both them and you, so they appreciate the streamline approach. On the other hand, some dealers get kickbacks from their in-house financing team.

    I don't honestly know the markups for cars, otherwise I'd give you my family's dual tradition of haggling down.

    If anything, just go in with a budget and a set of expectations for cars. One of the reasons I really like certified pre-owned is that many dealers will post them on their website. You can often end up finding the car you like sitting in your pajamas then going in and buying it the next day. That's how I got my car of the last 6 years.
  11. iPad 2 is cool
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    Know nothing about cars really, but I would follow the advice of an earlier post, and if you can get a brand new car with money to spare then that's a bargain in my books.

    Sent from my beloved iPad 2 using iPF...... All For One And One For All.
  12. Mountainbikermark
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    I live in Virginia, she lives in Colleeforneeya. The prices and taxes I'm sure are different so she probably wouldn't have the 3k left over.


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  13. Harley man
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    This right up my alley I am a auto repair tech / shop owner with years 30 years of experience . There are a lot of good used cars out there but get them checked out by your mech . I would stay clear of used car Dealers . Most are rats that would screw over there mothers for a sale. A new car dealer that's sells used car is a safer bet but still get it check out . By a pro . But if I were you I would buy a new left over car the new 2012 cars come out in July so you can get left 2011 at a deal because it is now a left over if you have a little time this is your best bet to work a good deal .

    from USA bucks county pa Sent from my iPad using iPF
  14. Rog
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    Certified cars are hogwash that dealers invented to charge higher prices.

    Used car prices are higher than they have been in years.

    Best advise is compare like vehicles for pricing, craigslist, auto trader, nada, edmunds.com, kbb.com anywhere else you can find.

    Get it checked out by a friend or ASE Master Tech (of which I was 20 years ago) with at least 10 years experience.

    For craigslist shopping, an extremely clean car is usually a well maintained car ( in my experience but there are exceptions, dealerships always clean used cars so it doesn't apply for them) but get it checked out.

    Whatever car you decide on research it online for common problems and repairs.

    My friend has a 2007 convertible bug that the electric window quit working (not under warranty). It's a common problem with new beetles and costs around 800 bucks every time the dealer fixes a window. The new window motor has to be "programmed" by the dealer so it will be recognized by the vehicle. Welcome to the digital age friends.

    Be careful, your best weapon is to be informed.

    Never buy on the first visit.

    Car salespeople are NOT your friends.

    I've had an idea for an iOS app for used car buyers with a checklist but that's another story.

    Good luck and have fun with it.

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  15. SweetPoison
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    This is what we were thinking.
  16. SweetPoison
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    SweetPoison iPad Legend

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    Okay...tell us how you really feel.:D



    I agree ~ Knowledge is power.




    Now this I have never heard. It may be difficult to do ~ this will be my daughter's first brand new car and you want us to leave without it?:p

    So ~ Let's say we did....WHY are we doing that? To "look around", or "think about it"

    Then what do we say when we come back the next day. Shouldn't we expect a better deal or something?




    This is very true! I have bought a few new cars and once I remember getting up to leave as he kept wanting me to do it his way, so when I was ready to leave, they always come around.:D



    Oh we are gonna have some fun. We are going to get all dressed up and have them eating out of our hands.


    One can only hope.:)
  17. Harley man
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    That's very smart best deals will be latter in the summer and fall on left over if you got time to Waite but I would start looking now do not rush got cash and time on your side and stick with toyota and Honda or gm is a very good USA car with 5 yr 100,000 warranty

    from USA bucks county pa Sent from my iPad using iPF
  18. Rog
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    A few more items.

    If you end up buying new.

    Use your Costco or Sam's club membership to get a better deal.

    I've only used Costco but I was able to beat any nearby dealer's price using them.

    Here is how I used my Costco membership to get a good price.

    Pick out a few cars you're interested in.

    Call the Costco auto number.

    Tell them the makes and models of the cars, your looking at. Not all cars have Costco operatives in place.

    You may need an option code for the vehicle.

    They may have participating dealerships that are not in your area but that's okay.

    You will call the Costco person at the participating dealership and they will give you a price. Like 100 bucks over invoice.

    Write this price down. When the dealer would not budge on the price I simply told them what the Costco price was (2 grand less) and they caved. I never told them that the dealer was 6 hours away.

    For those who have made it this far......

    The reason dealers want to sell you on the first visit is because you can't comparison shop. Don't be taken hostage. They are pros you are not, and you are on their home field.

    Practice the "walk-off", it's fun!

    If your trading a car in don't let them try the "what do you want your payment to be?"

    When they (the dealer) are negotiating and draw a square separated into 4 parts beware. The trade-in and the new car purchase are separate transactions. The square is designed to confuse the customer. Why do they still use it. Because it works!

    Anyone ready to buy my DVD......just joking!

    I am no expert on car buying but I try to educate myself when I can.

    If you see the guy in my attached picture RUN!

    Sent from my huge iPod touch via IPF.

    Attached Files:

  19. Flinthills
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    Flinthills iPF Novice

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    Use your IPad to your advantage. Preload it with the Kelley Blue Book app and a car finance app to double check the numbers. While my son was test driving the truck, I sat in the dealer showroom and logged into the free wifi to shop online for the dealer's price. I used the atomic web browser to bookmark all comparable trucks to get a handle on what the real market price is.

    Remember to have fun. This is an exciting time.
  20. biobunny
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    Or you can search the Top Gear car review on YouTube if it's there.

    Sent from my interestingcompanionPad using iPF!

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