Car Buying Tricks - The First Thing to Remember

When you go to buy a new car, the first thing to remember is your last poker game. Don't show your hand to the salesperson. He or she is not a "friend" who will honestly tell you which card to play. When you walk onto the car lot, the salesperson's basic initial goal is to get you to fall in love with a car - and to tell him or her about it. The minute you do that, you've lost that hand and the game.

One of the most subtle of all the car buying tricks is to gently guide you to a car with which you'll fall in love. . This emotional ploy will take you down the "feelings" path of buying and you will always pay for it handsomely. You'll do a much better deal if you stick to logic and facts. If you have some great cards to play (like great credit or lots and lots of time to eat up their day), hold them close to your chest. Take a bag of snacks and refreshments and get prepared for a long battle.

The dealer doesn't care about what car you and your family might need. The dealer just cares about finding the car you just have to have. It may not be the model you really need to drive. The dealer salesperson simply doesn't care about the need of your family. Which vehicle do you want...or crave? Matching you up with a car you just have to have is the first step in the long, drawn-out process of taking as much money from you as possible. The first thing to remember is to keep your mouth shut as much as possible and don't show your true feelings about your dream vehicle.

If you can truly shop for a car without emotional involvement, that's super. The second best ploy is to hide your enthusiasm for any one vehicle. Try not to talk too much about your desire for a certain car. Always keep multiple models (and, if possible, multiple dealerships) in play. The better you are at cloaking your true intent and feelings will keep more cash in your bank account.

Remember, you can stroll out of there at any time. If a dealer tries to keep you from leaving with unreasonable stall tactics (and you can't get access to your car), just call the police. Keep your cell phone charged and ready for just this purpose. Oh, and call a couple of media outlets at the same time. So you can walk away. I've done it as much as three times during one car negotiation (and I still suspect I got shafted). Leave the dealership in the dust. I'd rather be red faced than take another car deal that puts my finances in the red.

Please...don't let the dealer control you and the deal. You must take control of the transaction to keep your valuable and hard earned dollars.

Please...don't let the dealer control you and the deal. You must take control of the transaction to keep your valuable and hard earned dollars.

By Eddie C. Note

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How to Buy Car Insurance For Your New Car

Congratulations! You're now the proud owner of shiny new set of wheels. The opportunity to take you just about anywhere you want to go-and a hefty car loan payment to take with you! As nice as it is to be out of debt it's not always possible, and signing on the dotted line for a car loan comes with its own set of car insurance requirements! Here's what you need to know about buying car insurance for your new car.

Types of Car Insurance

The first thing you need to know is what type of car insurance you're going to need to drive safely on the highways. If you're driving a car that still has a lien on it you're probably going to be required by your lender to carry full coverage up to and exceeding their minimum levels, which makes shopping easy. You don't have to make many decisions!

There are four types of car insurance you're going to need to know about when you're shopping for coverage for a new car:

1) Liability. When you cause an accident you're responsible for all the costs associated with that accident, including bodily injury and property damage. Since this can get really expensive, really fast you want to make sure you've got a liability insurance policy to pick up the cost (and rescue you from any lawsuits that happen to pop up along the way!).

2) Collision. Although your liability insurance is going to pick up the bill for everyone else's damages, it's not going to touch your own. That's why it's important for you to make sure you've got a good collision policy on your car. Collision coverage will pay for damages to your car after an accident you cause (including running into stationary objects-those telephone poles just jump right out at you).

3) Comprehensive. Sometimes no one is responsible for an accident. A tree limb falls, you get hail the size of your fist, your car starts burning from the inside out. These "Acts of God" are covered by your comprehensive policy so you're not left without a car for weeks on end while you try to scrape up the money for your repairs.

4) Uninsured/Underinsured Motorist. Courtesy of today's economy studies show that over 15% of licensed drivers are out on the roads without car insurance these days-and that's just the ones we know about! If you're in an accident with one of these individuals they're going to be responsible for your damages, but if they had money to fix your car they'd have had money to buy car insurance in the first place!

Uninsured motorist coverage will protect you if you're in an accident with one of these drivers. Keep in mind that "No Fault" states have a slightly different policy and do your homework before shopping to find your state's policies.

Why Your Lender Cares

Bear in mind that just because your car is totaled you're not excused from having to pay back your car loan. Finding the willpower to pay a car payment for a car you no longer have, and the money to get a new one, is incredibly difficult. Car insurance takes off some of the burden by cutting you a check for the value of your car you can use to pay off your debts and move on with your life.

By Michael F. McDonough

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