Don't Get It. . .
I went to look at a new car today, only half ass expecting to buy. I really don't understand the math that they use. A $20,000 car would have cost me $262 a month for 60 months. Yup, the math comes up to 15,700 or so. So what does the car actually cost? Not only that, but I so suck at the whole haggling thing. I tried, but kinda failed and I didn't get the car. . .not that it wasn't an okay car, but I just didn't love it enough to try to figure out the double speak and "new" math. Does anybody actually get this or is not understanding the car buying process part of the gay gene?


4 Comments:
I see the problem - the 3rd formula down should be divided by pi.
I hate car buying too. My dad is amazing at haggling. I remember when I was a kid him bargaining for a new TV, and the sales guy ended up giving him the TV for free, and loaned him his car for 6 months on top of it. At least that's my memory of it.
Vinnie,
It can always be a mystery to know what a dealer will sell a car for. A tactic that has worked for me in the past is once you decide on a certain make and model get a couple of dealerships involved. That makes it as easy as saying, "Well so and so gave me this price, can you beat it?" They either will or they won't. If they do? Time for another phone call. I did this when I had my house sided. Three companies all wanting the contract. First quote was almost $7000. I ended up getting that job done for $5200. That's a big saving.
The best thing you can do is get your financing BEFORE you deal with the salespeople, Vinnie. Cash always talks and, well, you know the rest.
This puts you in the position to walk out. Plus, there are so many add ons if you finance with the dealer.
It's SO not part of the "gay gene!" It's just an inability to get down w/the car-salesman whoo-ha...."Dude, I just brought my money to get a car?!" ;) What the HELL does it truly COST?
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