Buying a Car

By Kevin Estes

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A few people have recently asked me my thoughts on car buying.

It's also coming up on the 11th anniversary of when our family last purchased a vehicle.

1. Always Know Your Best Alternative

If you don't have one, get one!

Having two good options gives you leverage.

Knowing your best alternative also helps you know when to walk away.

2. Negotiate Financing as Well

Identify how else you could pay for the vehicle, including cash and other credit.

Have a backup lender, just in case.

3. Come Prepared

Know what the vehicle has been selling for in your area.

Have strong credit scores and cash positions for a down payment.

4. Take Care of Yourself

Don't let them literally wear you down!

Take breaks. Eat snacks. Leave if you need. 

You hold all the cards.

5. Get a Newspaper

That is, check out all the promotions in every form.

Try several media types.

If you’re interested in a review of your situation, feel free to…

Disclaimer

In addition to the usual disclaimers, neither this post nor this video includes any financial, tax, or legal advice.