ASSESS TRADE-IN VALUE AHEAD OF TIME

ASSESS TRADE-IN VALUE AHEAD OF TIME

It is surprising how many auto shoppers do not take the time to determine the trade-in value of their automobile before showing up at the car dealership. Most of the time this is simply due to laziness; however, if a car shopper simply takes a few minutes to get a good feel for the true value of their existing auto, they can get a bigger benefit when buying a new car. Most dealerships use similar resources available to consumers such as Auto Trader or Kelley Blue Book to determine the amount of credit to give shoppers when trading in a vehicle, and will quickly be able to determine if they can “low ball” the shopper on the value of their vehicle when purchasing a new car.

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KNOW WHAT THE DEALER PAID FOR THE CAR

KNOW WHAT THE DEALER PAID FOR THE CAR

In the connected world that everyone lives in today, it is a straightforward task to determine how much auto dealers pay for the vehicles that consumers see on the lot. This information used to be protected better than military secrets; however, one can use various auto valuation websites to ascertain the amount paid for the vehicle by the dealership. Current regulations in the United States require the dealer to provide this information on request as well. With this information in hand, a recommended starting point for consumer negotiations is to offer $500 more than the dealer paid for the vehicle when starting this phase of the purchase process. If the brand of auto is extremely popular, the car dealer may not be willing to sell for this price, but it is a recommended starting point for most auto purchases.

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KNOW YOUR BUDGET

KNOW YOUR BUDGET

A big mistake that many consumers make when buying a new car is not setting a budget before showing up at the dealership. Financial experts recommend that no more than 20 % of a monthly budget should be devoted to automobile related expenses. When making a budget, the cost of car insurance should also be included with the cost of the monthly car loan payment. By not taking the time to set a budget, one can quickly get themselves behind on other bills by taking on an auto loan that is not affordable. Car dealers love customers who make auto purchases based on emotion, so do not fall into this trap by picking a vehicle that does not fit the budget.

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FERRARI FF

 FERRARI FF

Ferrari FF can deliver 651 horsepower, and comes with an additional feature not often seen in tourers: four-wheel drive. Its top speed is 208 miles per hour, and  it can reach 62 miles per hour in just 3.7 seconds. Ferrari FF is available for $300,000, which makes it cheaper than most other supercars. Only 800 Ferrari FFs were produced during the first year.

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FERRARI F12 BERLINETTA

FERRARI F12 BERLINETTA

F12 Berlinetta has 730 horsepower packed into a V12 engine. It was named the Supercar of the Year in 2012 by Top Gear magazine. This machine can hit speeds higher than 220 miles per hour and go from 0 to 60 in just 3.1 seconds. Part of its power lies in a lower center of gravity and reduced-weight chassis. Multiple variations of the Berlinetta have been created, including  SP America and  F12 TRS, but these variations tend to be one-off models that are much more difficult to obtain than the standard version.

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