Forum Thread

Buying a new car 15-20k

Beedos 204 36 January 2, 2016 at 01:08 PM
Looking for some advice on buying a new car, I'll be buying it out with cash.

Should I just email some dealers and negotiate before coming?
Looking to get either a Toyota or Nissan.

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#2
true car value, learn what to expect pricing. I paid in cash 20k for my 13 Scion tC, they offer lower pricing for people with loans vs cash now a days because they make $ on the loan. they offered me 1k off additionally if I got a 5 year loan. I did, came back 4 days later and paid 5k in cash off on loan. guy wasn't very happy. but now a days, cash doesn't win. they want that loan and interest rates. sorry not much help
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#3
Imo, the best bang for the buck comes from buying 1-2 year old used cars from the dealer. You will often see 25-40+% off the new car price and will still have part of the original manufacturer's warranty in place (and you can always buy an extended one online if you wanted to). Shop around online once you know what make\model you are looking for. Try to find a dealer with a used one in stock that has been sitting on the lot for awhile as they will be anxious to unload it and cut you a good deal. There is little to be gained in paying a hefty premium to get an extra 10-20k miles. My 2 cents.
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#4
Quote from Beedos View Post :
Looking for some advice on buying a new car, I'll be buying it out with cash.

Should I just email some dealers and negotiate before coming?
Looking to get either a Toyota or Nissan.
Decide what car you want and e-mail a bunch of dealers. Also, read through this thread - http://slickdeals.net/f/1941590-the-slickdeals-approach-to-negotiating-the-price-of-a-new-car-updated-july-22-2010?v=1
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#5
Just be aware that many dealers are so old-school that they are not prepared to handle the slickdeals carbuying method. You may need to do a bit more footwork than implied there. However, always remember, if you have to put a few days of work in, but save a couple thousand dollars, thats like making a few grand extra for just a little work thats kinda fun too because its still shopping.

Quote from YanksIn2009 View Post :
Imo, the best bang for the buck comes from buying 1-2 year old used cars from the dealer. You will often see 25-40+% off the new car price and will still have part of the original manufacturer's warranty in place (and you can always buy an extended one online if you wanted to). Shop around online once you know what make\model you are looking for. Try to find a dealer with a used one in stock that has been sitting on the lot for awhile as they will be anxious to unload it and cut you a good deal. There is little to be gained in paying a hefty premium to get an extra 10-20k miles. My 2 cents.
Im sorry, but you are incorrect. SLightly used cars were the best deals 10 years ago, but no longer. After 'Cash for Clunkers' removed many viable cars from the market, and the economy continues to crash, used cars are in high demand and very profitable for dealers. They often wont reduce price much. However, due to incentives from manufactirers, a dealer can often sell a new car for less than a slightly used car. You need to find a car with good incentives, at a dealer that really wants to make that goal, and usually take their financing, as that is another goal the managers are trying to meet.

Nowadays the best-best deals are on slow-moving luxury cars that have amazing lease incentives and very beneficial buyout programs. But you really have to have a solid understanding of your driving habits, and the math involved, to get the best deal there.
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#6
Quote from mostholycerebus View Post :
Just be aware that many dealers are so old-school that they are not prepared to handle the slickdeals carbuying method. You may need to do a bit more footwork than implied there. However, always remember, if you have to put a few days of work in, but save a couple thousand dollars, thats like making a few grand extra for just a little work thats kinda fun too because its still shopping.



Im sorry, but you are incorrect. SLightly used cars were the best deals 10 years ago, but no longer. After 'Cash for Clunkers' removed many viable cars from the market, and the economy continues to crash, used cars are in high demand and very profitable for dealers. They often wont reduce price much. However, due to incentives from manufactirers, a dealer can often sell a new car for less than a slightly used car. You need to find a car with good incentives, at a dealer that really wants to make that goal, and usually take their financing, as that is another goal the managers are trying to meet.

Nowadays the best-best deals are on slow-moving luxury cars that have amazing lease incentives and very beneficial buyout programs. But you really have to have a solid understanding of your driving habits, and the math involved, to get the best deal there.

Yeah well tell that to the dealer I got a Taurus Limited 2009 in late 2010 for 16k under list of 34k with 18k miles (and about 4-5k under the KBB value at the time). Maybe the discounts have gone down, but the value of a car drops dramatically the second you drive it off the showroom floor. Even at KBB value it is still a better deal than paying for new in almost all cases, esp if you are paying cash\not financing or leasing. As to luxury cars, I would not know but leasing is almost always a terrible deal unless you are able to write it off as a business expense.
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#7
Quote from YanksIn2009 View Post :
Yeah well tell that to the dealer I got a Taurus Limited 2009 in late 2010 for 16k under list of 34k with 18k miles (and about 4-5k under the KBB value at the time). Maybe the discounts have gone down, but the value of a car drops dramatically the second you drive it off the showroom floor. Even at KBB value it is still a better deal than paying for new in almost all cases, esp if you are paying cash\not financing or leasing. As to luxury cars, I would not know but leasing is almost always a terrible deal unless you are able to write it off as a business expense.
Leasing seems to be looking more and more attractive to me!?

Some of the deals seem really incredible for leasing. I own 3 high mileage cars and some of the leases seem like the costs would be lower than my maintenance costs - even scheduled - brakes - tires - timing belts

$135/mo camry $0 down.

2016 Chevy Cruze Limited 1LT Automatic for $37/Month (or less) and $0 Down

http://slickdeals.net/f/8377299-2016-chevy-cruze-limited-1lt-automatic-for-37-month-or-less-and-0-down?src=SiteSearchV2

Granted many of these you have to be a grad/own a chevy volt/be a costco member/live in californis/have O+ blood type etc.

I haven't checked increase in my insurance from adding collision and comprehensive though.
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#8
Quote from tennis4789 View Post :
Leasing seems to be looking more and more attractive to me!?

Some of the deals seem really incredible for leasing. I own 3 high mileage cars and some of the leases seem like the costs would be lower than my maintenance costs - even scheduled - brakes - tires - timing belts

$135/mo camry $0 down.

2016 Chevy Cruze Limited 1LT Automatic for $37/Month (or less) and $0 Down

http://slickdeals.net/f/8377299-2016-chevy-cruze-limited-1lt-automatic-for-37-month-or-less-and-0-down?src=SiteSearchV2

Granted many of these you have to be a grad/own a chevy volt/be a costco member/live in californis/have O+ blood type etc.

I haven't checked increase in my insurance from adding collision and comprehensive though.

Maybe but I would bet that the cost to purchase after the lease would be high in most cases. If you plan on forever paying a lease the costs for maintenance and operation may be somewhat lower, but you are likely not factoring in that after awhile, there are no payments with a purchase (assuming you get financing). If you intend to keep a car for 10 years+, then most of those years will be without a payment whereas with a lease, you will always be paying or you will have to pay more to purchase. Everything I have seen is that generally, the only way a lease pays in the long term is if you can write the costs off as a business expense. Of course if you do not mind constantly paying someone and want something new every 3 or 4 years, then a lease may be for you, but it is generally not likely the cheapest option long term. A dealer would have really no incentive to make leasing cheaper than buying.
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Last edited by YanksIn2009 January 4, 2016 at 01:04 AM

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#9
Quote from YanksIn2009 View Post :
Maybe but I would bet that the cost to purchase after the lease would be high in most cases. If you plan on forever paying a lease the costs for maintenance and operation may be somewhat lower, but you are likely not factoring in that after awhile, there are no payments with a purchase (assuming you get financing). If you intend to keep a car for 10 years+, then most of those years will be without a payment whereas with a lease, you will always be paying or you will have to pay more to purchase. Everything I have seen is that generally, the only way a lease pays in the long term is if you can write the costs off as a business expense. Of course if you do not mind constantly paying someone and want something new every 3 or 4 years, then a lease may be for you, but it is generally not likely the cheapest option long term. A dealer would have really no incentive to make leasing cheaper than buying.
$400 for year Cruz lease is way cheaper than my repairs. I have 3 cars with in between 225k and 305k. Why would anyone buy a car at end of lease? Give it back get another good deal on lease.

How many car payments is $400? 2?

Not sure how many miles are included.

In most states, you pay sales tax only on the monthly payments, not the vehicle price. In the Altima example above, you'd owe taxes on about $8,264 in payments rather than the $21,403 vehicle price.

Only maintenance cost maybe oil change air filter.
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