On Wed, 16 Jul 2008 11:39:28 -0500, Molesworth bellsouth.net>
wrote:
>>>
>> I'll do my part this fall when I buy a new car and pay cash for it. I'm
>> naturally frugal and was also left a little money when my auntie recently
>> passed away. BTW--what should I know to do this, pay cash? Should I tell the
>> dealer up front, or wait till he starts talking loans?
>> Thanks to anyone with advice.
>
>Only buy a new car if you can afford the 1st year depreciation of around
>15-30%%.
>
>Only buy a new car if you're going to use it till it dies.
>
>(For our corporate friends) Only buy a new car if someone else is paying
>for it.
>
>My advice is to buy from a dealer on ebay. Make sure it is warranted
>fully and is as local as possible (Tulsa, Dallas, max distance).
>
>It is a buyers' market atm.. no-one is buying, so expect to see some
>bargains there..
>
>Compare reserve prices with
http://www.kbb.com/ - specify within as
>'dealer price'.
>
>It's a bit of effort and take your time.. but you'll save thousands.
>
>My 2c
Kelly Blue Book seems to be the definitive resource for buyers. But
I've had car dealers show me other books with far different values -
usually in their favor.
Don't buy a new car; buy a pre-owned with warranty.
So be aware.
My 2 pesos
--
mad