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You should also be sure to account for any buyer rebates as well in calculating your offer. Deposit scam: This is when the finance manager insists on a deposit before you have signed the purchase contract. Some dealers might tell you that the etching is free but will add on the etch money to your monthly payments to make up for it. The extras are things like rust proofing, scotch guarding etc.


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Basically, they can get the money twice. The dealer can then charge you 00 more in finance fees and up your monthly payments by . LendingTree. Basically while a dealership may offer great trade in prices, they will get you with the other fees. The hard part is that other dealers will not just hand over their information for you to take to someone else.

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Negotiating Tips

Being a good negotiator doesnt have to be difficult. Sooner or later everyone has to negotiate with someone if they want to get a good deal on a purchase.

When you are trying to negotiate with a car dealer, you should know that they are very practiced in the art already. You will need to know how to get through their car speak in order to be successful.

Since you now know how to calculate your offer and already know what the dealer paid for it, you should get a copy of the paperwork from a friend that recently bought a car, so that you can become familiar with what you will see on your paperwork. They are all generally the same.

If youve followed the above mentioned tips, you will also be pre-approved for a loan. The key is for you to get in and out of the dealership as quickly as possible because the salesman will definitely find more loopholes to up your charges if you stay.
Here are a few tips to successful negotiating.
Remain positive and confident
Dont talk down to your opponent
Show up prepared and ready to counter anything that may come up
Bring ads from other dealerships with you as an extra weapon
Finance your loan before you arrive at the dealership so as to avoid paying unnecessary extra fees
Bring a friend with you for extra support

Something that you should look out for from salesmen is the extra little tricks that you will likely encounter that will try to force or rush into a buying decision.

You have to remember that they are trying to negotiate you into paying more money just as you are trying to negotiate paying less. Here are some of the things that you can expect to hear from them.

1. These cars are flying off of the lot. It may not be available for the same deal tomorrow. (Threaten to leave and they will ease up and try to change their strategy)

2. This deal is only good for today. If you come back tomorrow I cant guarantee that the deal will be the same.

3. Im an honest man. Look at how many cars Ive sold this weekend (This is where he will show you his list of sold cars. If he does this, then tell him that he doesnt need your money).

4. I hate to tell you this but I have another offer on the table from a man that is willing to pay more money than this.
I am just waiting for his paperwork to be returned.

(Tell him that if he promised the car to someone else, you dont want to step on someone elses toes and that you should leave then).

5. To cover the overhead costs, we have paid ,000 for this car (Just check your paperwork in your folder and prove them wrong).