How to Buy a Used Car Without Getting Ripped Off
by
Joseph Sutton
Smashwords Edition
Copyright 2011 by Joseph Sutton
Smashwords Edition, License Notes
This e-book is licensed for your personal enjoyment only. This e-book may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each person. If you're reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.
Table of Contents
Introduction
1. Your Budget
2. Four Ways to Buy a Used Car
3. How to Sell Your Current Car
4. Selecting the Right Car
5. Taking the Car for a Diagnostic Checkup
6. Getting the Lowest Price
7. The Game of Salesmanship
8. Negotiating to Buy the Car
9. Meeting the Finance Manager
10. Ten Point Checklist
Conclusion
Introduction
I am the co-author and good friend of a man who has been in the car business for the past 25 years. He's revealed secrets to me about buying a used car that few people outside of the business know. He has witnessed a multitude of buyers paying too much for used cars or ending up with cars they really didn't want. He is certain that after you read this powerful booklet you will avoid these and many other pitfalls. You will save hundreds, maybe thousands of dollars, on the purchase of a used car. How is this possible? By thinking of this simple formula: Knowledge + Confidence = Savings.
1. Your Budget
Most people who finance a used car focus on the down payment and monthly payment. Most financial institutions require at least 10% down. You must then decide the highest monthly payment you can absorb, plus the length of the loan, whether it should be a 24, 36, 48 or 60 month loan.
Once you have your numbers set, contact a few banks to find out the best interest rate available. You may be able to find this information in the business section of your local newspaper or on the Internet. The best interest rate, however, is usually obtained through a credit union. If you belong to a credit union, check with them first. If you don't belong to one, join by opening a checking account.