Guide for New Car Buyers

Car News – Trent Thompson

What Is MSRP?

Shopping for a car but don't understand what MSRP is? Any retail product can have an MSRP, but the term is most commonly used with automobiles. Here's the breakdown. What Is MSRP For Car's?  MSRP is an acronym for "Manufacturer's Suggested Retail Price". As the name implies, the MSRP is the price a manufacturer suggests a dealer sell the vehicle for and is the price located on the vehicle's window sticker. This price is only a suggestion and a dealer can sell the vehicle for a higher or lower price.  Is Sticker Price Different Than MSRP?  Sticker Price and MSRP both refer to the same thing, the Manufacturer's Suggested Retail Price. "Sticker Price" is simply just another phrase for MSRP.  Is MSRP/Sticker Price The Price You Pay? MSRP isn't always the price you pay. For a new vehicle, you'll likely be paying this price. To answer the common question, "Can I pay below MSRP?", yes, you can. Most dealers have wiggle room, and just like with all sales, negotiation plays a big role. One reason for this might be they're trying to get rid of a vehicle that has been sitting on the lot for a few weeks. The MSRP doesn't apply to used vehicles because the price of a car drops the moment it is purchased and driven off the lot.  Can a Dealer Charge Over MSRP? Simply put, yes they can. Remember, the MSRP is only a suggestion. Dealers are inclined to raise the price over MSRP when the demand for the vehicle is higher than the supply. This is more likely to happen when a dealer is in possession of a popular vehicle.  Is The Invoice Price Different From MSRP? Yes, the invoice price is the price the dealer paid the manufacturer for the vehicle. The invoice price is less than the MSRP which allows the manufacturer to profit, the middle man to profit, and the dealer to profit off the final sale, the MSRP. 

Car News – Trent Thompson

How To Sell a Car

Avoid tire kickers and get to the serious buyers with our comprehensive car selling guide. 1. Three Ways To Sell a Car When preparing to sell your car, you'll need to weigh the options of trading it in at a dealership, managing the sale independently or getting an instant cash offer. The method you choose will influence the valuation of your car, with each avenue presenting its own set of advantages and disadvantages. Pros To Trading In Your Car Quick and convenient process with little hassle. No expenses for listing and selling your car online. Avoid dealing with texts, emails, or personal calls. Potential to reduce sales tax on your new car. Pros To Selling Your Car Yourself Direct negotiation with buyers. Opportunity to be paid more for your vehicle. Save money from no dealer costs. Pros To Choosing Instant Cash Offer Offer is instant. Redeemable immediately at participating local dealers. You can backout because there's no binding obligations. 2. Gather Paperwork and Choose an Asking Price If you're asking yourself "what paperwork I need to sell my car privately?", we've got you covered. Just locate the following items and complete the tasks before listing your car for sale: Your Car's Title: Ensure that your car title is readily accessible and securely stored. This document will be a prerequisite when finalizing the sale of your vehicle. Check With Your Lender: If you still owe money on your vehicle's loan, you'll want to contact your lender to learn how to arrange the sale. A buyer might not understand this process, so it's good to know how to explain it to them.  Your Car's Service Records: Routine oil changes and service records provide tangible evidence of your car's well-maintained history, this can help instill confidence in a buyer. In the absence of receipts, consider obtaining a summary statement from your dealer, regular mechanic, or oil change center. These records not only reassure potential buyers they're getting a great car, but also contribute to negotiating a favorable price, whether with an individual or a dealer. Original Sales Paperwork: Beyond the fundamental details such as the year, make, model, and mileage, understanding your car's trim level is important as it can potentially increase the resale value of your car. To find this, refer to your original sales documents or the window sticker for a comprehensive list of options. Vehicle History Report: Be proactive and acquire a Carfax or AutoCheck report to address inquiries about your vehicle's accident history. Openly communicating about any past incidents also builds trust with potential buyers. Follow these next steps to choose the ideal sales price for your vehicle: Set An Attractive "Asking Price": Avoid the common pitfall of overestimating your car's value, as this can lead to unrealistic expectations and potential difficulties in finding a buyer. Striking the right balance is key. Here's a few tips for success: Mechanic’s Assessment: Seeking a professional mechanic's evaluation can unveil issues you might overlook. From engine problems to minor details like a broken taillight, this assessment not only aids in pricing your vehicle accurately but also allows you to address concerns before potential buyers inspect it. Valuation Tools: Leverage valuation tools such as those provided by Kelley Blue Book. These tools offer a quick and accurate estimate of your vehicle's value, considering various factors. Local Listings: Research local listings to gauge the selling prices of similar vehicles with comparable features. This market comparison helps you align your price with the prevailing rates in your area.  Keep This in Mind When Raising Price To Create Negotiation Room: Before coming to a conclusion on your cars sale price, let's briefly talk about how car selling websites and apps search filters work. When someone searches for a car, they'll filter for a price range, usually in intervals of $1,000. Let's say someone's looking for a $20,000 car, but you price your car at $20,150, your car won't show up. You'd be better off pricing your car within range they'll be filtering, in this case leaving it at $20,000.  3. Preparation To Sell Your Car When a buyer shows up to see your car, you'll want them to think it looks good.  Before listing your car for sale, it's crucial to fix any issues that may affect its appeal to potential buyers. You don't need to fix every little thing on the exterior, but cleaning the interior is a must.  For larger mechanical problems, it's advisable to resolve them unless you're planning to sell the car "as is" at a discounted price. Addressing issues like worn-out brake pads that screech, wheel misalignment, worn wheel bearings or a noisy engine, especially if you aim to maximize your vehicle's market value. If you're selling a more expensive car you may want to consider investing in professional detailing to present your car in the best possible condition. It can contribute to a higher sales value. If professional detailing doesn't make sense financially, you can clean it yourself. Here are some interior and exterior tips to enhance your car's appeal: Interior Tips for Selling Your Car Remove all personal items and debris. Vacuum and shampoo carpets for a fresh look. Clean the dashboard, seats, mirrors, and other surfaces for a polished appearance. Address and eliminate any odors in the vehicle. Exterior Tips for Selling Your Car Remove all stickers and magnets for a clean exterior. Repair dents, dings, and scratches. Replace any burned-out headlights or taillights. Fix windshield chips and cracks for a clear view. Check the brakes, and consider replacement if they are worn down. Inspect the tires and determine if replacement is necessary. 4. Effective Strategies for Car Advertisement When selling your car privately, reaching a broad audience and creating an impactful ad becomes important. Here are a few tips and tricks for advertising your car online to maximize your ads visibility to potential buyers. High quality images are king. They attract more eyes and they build confidence in a buyer's mind, this will separate your car from other used cars for sale by owner. How To Take Good Photos: Find a good location and take the photos just after sunset for the best lighting. Don't be shy on the number of images you add. Include exterior angles, close-ups of the interior, the driver's seat, the back seats, the trunk. Also include the dash, odometer (to show the cars mileage), the tires (to show tread depth) and the engine. If you want to really stand out, incorporate videos to show off your car. Don't forget to clean your camera's lens before taking any photos or videos. Key Considerations for Crafting an Engaging Car Advertisement: Offer a Brief Description: Start with a concise yet informative overview, avoiding repeating details such as the year, make, model, mileage and price. Those details were most likely added outside of the description. We also advise avoiding the use of ALL CAPS or ***asterisks*** to gather attention, they only degrade the quality of your description.  State The Reason for Selling: Address why you're selling the car upfront; potential buyers will want to know. State Your Vehicle's Condition: Be transparent about the car's condition, including the Vehicle Identification Number (VIN). This allows them to easily check the vehicle's history. Include Special Details: Provide additional information such as options, add-ons and any special details about the car that aren't already obvious or stated outside of the description.  5. Screen Callers to Sell Your Car Safely When selling your car privately, follow these strategies to ensure a safe meet up and secure transactions. Select a safe meeting place for potential buyers, opting for well-trafficked retail or restaurant parking lots equipped with security cameras. Verify that your auto insurance policy covers test drives, and capture a photo of the potential buyer's driver's license for added safety. Be cautious and refuse any requests that make you uncomfortable. It's always smart to bring a family member or friend when conducting the transaction with a private party. When it comes to payment, prioritize reputable forms such as cashier's checks or secure online options provided by trustworthy banks. While cash is preferred for smaller transactions, for larger amounts, prioritize online payment methods or escrow services. If accepting cashier's checks, make sure the transaction occurs at the buyer's bank to verify funds on the spot. You should practice good paperwork management, from the transfer of the title to the completion of the bill of sale and a release of liability. If you encounter challenges with the car's title, explore how to navigate the process of selling a vehicle without one. Tips on Car Paperwork Management Title Transfer: Adhere to your state's requirements for transferring the vehicle title. Complete necessary paperwork, providing accurate odometer readings and sale prices. Make copies of both sides of the signed title for your records. Bill of Sale and Release of Liability: Consider completing a "bill of sale" and "release of liability" for added protection. Send the signed "release of liability" to your state's DMV to avoid post-sale complications. License Plates: Remove your license plates at the time of sale, and inform the buyer to make their own arrangements. Follow state regulations for turning in old license plates to the DMV. Sensitive Document Handling: Before sharing service records, block out any sensitive information. Remove contracts or credit applications from the car's compartments to safeguard personal data. 6. Prepare for Pre-Sale Car Inspections Buyers frequently want a mechanic's evaluation before committing to a car purchase. You can be proactive and obtain a pre-sale inspection from your mechanic, this will add to your new car owners confidence. Getting your own car inspection can also prepare you for what a buyer might find in their own inspection of the car.  If the buyer wants their own mechanic to inspect the car, clarify that they are responsible for the inspection costs. If they return with a list of issues, you might have to lower your sales price. But address only the problems that demand immediate attention rather than addressing every item on the list. 7. Set Up a Test Drive Coordinate a secure meeting spot to showcase your used car, opting for locations like a mall or a local coffee shop. Whenever possible, bring a friend along for added safety. Check your city for set-up safe locations for buyers and sellers to meet.  After meeting up, let them test drive your car. But, stay with them in the passenger seat. Be prepared to offer answers to any questions they may have.  8. Negotiation Tips for Selling Your Vehicle When selling your car to a private owner, learning to negotiate is important. Allow the buyer to take the lead during negotiations. If you've incorporated some flexibility into your asking price, it allows room for the buyer to present a counteroffer if they haven't immediately accepted your initial proposal. Negotiation Tips: Establish Your Bottom Line: Determine your lowest acceptable offer beforehand, and don't accept any offer lower than it. Realistic Pricing: Be realistic in setting the price, considering market conditions and the vehicle's value. A reasonable starting point can lead to smoother negotiating. Quick Tip: Opting for a instant cash offer takes this process away from selling your car yourself.  9. Closing The Deal Every state has a unique process for transferring ownership of a car, check with your state department of motor vehicle (DMV) to determine the specific steps to follow for transferring ownership. The DMV should have a list of requirements, but at a minimum, you'll need the cars title, the vehicle's current odometer reading, and your state-issued driver's license.  Paperwork You'll Want To Sell a Car Privately Vehicle Title: Visit your states DMV site to learn more about the car title transfer process.  A Bill of Sale Odometer Reading Maintenance Records Vehicle History Report The Vehicle's Warranty The “as is” Form Notice of Transfer and Release of Liability A vehicle ownership/registration form You can visit your states DMV website for most of these documents. Make sure to check your state’s DMV for paperwork requirements following the sale. Quick Tip: Opting for selling your car to a dealer takes this process away from selling your car yourself. Buying a New Car Now that you've successfully sold your car, you're most likely in need of a new car. You can visit Slippd and download our app to continue your car buying journey. 

Car News – Trent Thompson

5 Reasons Your Car Isn’t Selling

Wondering why your car has been sitting on the market with no real motivated buyers attention? We know the frustration, finally finding it in you to sell your car with the expectation of it being a quick, clean and easy sell, just to find yourself back at square one with an empty listing getting no messages.  You’re not alone, and you’re definitely not the first. But, with careful attention to the following 5 reasons for dead car listings, hopefully you can shine up yours to attract real car buyers.  Top 5 Things to Fix on Your Dead Car Listing 1. Pricing: Your car could be priced too high compared to similar models in the market, this has the potential to deter buyers. Consider reevaluating your pricing strategy based on the current market conditions. A good way to do this is check automotive sale websites and apps for comps.  2. Condition: A well-maintained car is more likely to attract buyers. Address any visible issues, provide detailed maintenance records, and consider investing in minor repairs or detailing to enhance the overall appeal.  3. Marketing: Inadequate or ineffective marketing can hinder your car's visibility. Ensure you have high-quality photos, a compelling description, and utilize various platforms like online marketplaces and social media to reach a broader audience. Poor photo quality, camera angles, and photo lighting all contribute to a listings traffic. When was the last time you chose a seemingly well constructed option over a lesser appealing one? You most likely do this everyday without noticing it. 4. Limited Availability for Viewing: If you're inflexible about when potential buyers can view the car, it may limit your pool of interested individuals. Be open to accommodating different schedules to maximize exposure. 5. Negotiation Flexibility: Buyers often expect some room for negotiation. If you're unwilling to negotiate on the price or terms, it could discourage potential buyers. Be open to reasonable offers and showcase a willingness to work with serious buyers. Everyone appreciates a little give and take.  After fixing a couple of these issues in your vehicles online listing you’ll be attracting qualified buyers left and right. Buyers want to feel like they’re getting a good deal, keep this simple fact in mind, and you’ll sell your car quickly.  Our final tip is to list on Slippd. We’ve helped hundreds of thousands of sellers reach qualified buyers. Simply download our app and create a listing in under 3 minutes. You can also list for free on our Facebook groups where we receive millions of visitors every year. 

Car News – Trent Thompson

10 Tips on How to Get Better Gas Mileage

Alright, folks, let's talk about squeezing more miles out of that tank without squeezing your wallet. Whether you're in a slick hybrid or a trusty SUV, there are some seriously simple tricks to help you get the most bang for your buck at the gas pump. Check out these ten expert-approved moves that’ll have you cruising smarter and going farther without breaking a sweat. 1. Keep Those Tires Happy So, here's the deal: under-inflated tires? They’re like little gas guzzlers. Pump them up to the right pressure, and you'll instantly be on the path to better gas mileage. Your car's manual is like the treasure map – follow its recommended tire pressure, and you're golden. 2. Smooth Operator Behind the Wheel Quick starts and sudden stops might be fun in a video game, but in real life, they’re draining your gas tank. Smooth is the name of the game. Gradual acceleration, easy-going braking – it’s not just a zen driving vibe, it's also a fuel-saving win. 3. Don’t Let Your Engine Snooze Picture this: you're waiting to pick up your buddy, and your car's just idling away. Not cool for your MPG. If you're chilling for more than a minute, be a hero and turn off the engine. It’s a small move that makes a big difference over time. 4. Cruise Control Isn’t Just for Road Trips Next time you're on the highway, make friends with that cruise control button. It's like having a personal gas-saving wizard. It keeps your speed steady and helps you dodge those gas-guzzling bursts of acceleration. 5. Give Your Car Some TLC Just like you need your morning coffee, your car needs regular check-ups. Fresh air filters, the right oil – these aren’t just fancy extras. They’re your car’s way of saying, "Thanks, I'll run more efficiently now." 6. Declutter for MPG Gold Remember that time you carried around a bunch of stuff you didn't need? Your car does too. Clean out your trunk and ditch the junk in your backseat. Less weight equals more miles. Simple math, really. 7. Outsmart Traffic with Apps Why be stuck in traffic when you can avoid it? Navigation apps are like your secret weapon against jams. They guide you around traffic snarls, saving you time, sanity, and of course, gas. 8. AC: Chill, but Chill Wisely We get it, AC is a lifesaver. But running it all the time can be a real drain on your fuel. When you can, roll down those windows or use the fan. Your wallet will thank you. 9. Slow and Steady Wins the Fuel Race Speed demons, this one's for you. Ease off the gas pedal and stick to those speed limits. High speeds might feel thrilling, but they also make your car work harder against the wind. Be a rebel and save on gas. 10. Carpooling: Good for Your Wallet Round up your pals – it's carpool o'clock. Sharing rides means less gas used overall. And hey, consolidating your errands into one trip? Double win. It's like being a fuel efficiency champion. So, there you have it, a bunch of seriously doable ways to stretch that gas budget. Get out there and hit the road smarter, not harder! And if you're hungry for more auto tips, keep hanging with us at Slippd.

Car News – Trent Thompson

Exotic Car Cleaning Guide

Owning an exotic car is a symbol of luxury and craftsmanship, and preserving its allure requires meticulous care. In this comprehensive guide, we'll walk you through the step-by-step process of safely cleaning your exotic car. By following these instructions and using the right tools and materials, you can maintain the pristine appearance of your high-end vehicle. Quick Summary: Choose shaded area or canopy, gather materials: microfiber cloths, pH-balanced soap, wheel cleaner. Methodical top-to-bottom wash, delicate wheel care, gentle drying to prevent scratches. Apply wax, attend to windows/trim, maintain interior for enduring beauty." Materials Needed: Microfiber cleaning cloths pH-balanced car wash soap Soft-bristle brushes Wheel cleaner (compatible with wheel type) Non-acidic degreaser Pressure washer or hose with nozzle attachment Car canopy or garage (for shaded cleaning) Microfiber drying towel Glass cleaner (streak-free) Wax or paint sealant Interior cleaner (suitable for various surfaces) Vacuum cleaner   Choose a Suitable Location: Protecting Your Investment: Begin by selecting a shaded, well-ventilated location for the cleaning process. Shielding your exotic car from direct sunlight prevents water spots and ensures optimal drying conditions. If possible, consider using a car canopy or garage to create an ideal cleaning environment. Gather the Right Supplies: A Necessity for Premium Care: Before you start, gather essential materials such as high-quality microfiber cleaning cloths, pH-balanced car wash soap, soft-bristle brushes, wheel cleaner, and a non-acidic degreaser. These specialized supplies are designed to safeguard your car's delicate surfaces while effectively removing dirt and contaminants. Pre-Rinse: Safely Removing Surface Contaminants: Initiate the cleaning process by giving your car a thorough pre-rinse. Use a gentle stream of water, either from a pressure washer or hose with a nozzle attachment, to dislodge loose dirt and contaminants. This initial rinse minimizes the risk of scratching the paint during the subsequent washing steps. Methodical Washing: Top-to-Bottom Approach: Adopt a top-to-bottom washing strategy to ensure comprehensive cleaning. Begin with the roof and gradually work your way down, utilizing a dedicated car wash mitt or sponge. Rinse the mitt frequently in a separate bucket of clean water to prevent cross-contamination and swirl marks. Wheel Care: Tailored Treatment for Exquisite Wheels: Exotic car wheels often feature intricate designs that warrant specialized care. Choose a wheel cleaner specifically formulated for your wheel type, whether it's alloy, painted, or carbon ceramic. Apply the cleaner and allow it to break down brake dust and grime. Gently clean with a soft brush to preserve the wheel finish. Delicate Drying: Pat, Don't Rub: After washing, use a microfiber drying towel to gently pat the surface and absorb water. Avoid rubbing or dragging the towel, as this can create micro-scratches. To ensure complete drying, use a compressed air blower for hard-to-reach areas. Attention to Detail: Windows, Mirrors, and Trim: Achieve streak-free results on windows and mirrors by using a glass cleaner and wiping in one direction. Tend to the exterior trim with a soft cloth, removing water spots and residue for a polished appearance. Protective Finish: Enhancing Shine and Defending: Preserve your exotic car's glossy finish by applying a high-quality wax or paint sealant. These products offer an additional layer of protection against environmental elements while enhancing the shine. Follow the product's application instructions for optimal results. Interior Elegance: Complementing the Exterior: To complete the comprehensive cleaning, ensure your car's interior matches its exterior elegance. Use a vacuum cleaner to eliminate dust and debris, and employ a specialized interior cleaner suitable for various surfaces. Avoid abrasive chemicals that may harm interior materials. Conclusion: Owning and maintaining an exotic car is a testament to your passion for automotive excellence. With the insights provided in this guide, you can confidently and safely clean your luxury vehicle, preserving its impeccable appearance and extending its lifespan. By investing time and care into your exotic car's cleaning routine, you're upholding the legacy of craftsmanship and ensuring that every detail of your exceptional vehicle shines.

Car News – Trent Thompson

10 Step Handbook to Buying Used Cars

Opting for a used car over a brand-new one can yield substantial savings across multiple fronts: car insurance, registration, taxes, and the inevitable depreciation that accompanies wear and tear. However, in today's used-car market characterized by limited supply and elevated prices, finding the exact match within your desired price range may prove challenging. Surprisingly, there are scenarios where the cost of a new car could be lower than that of a used one, particularly when targeting late-model vehicles.Despite these hurdles, several tools can simplify the used-car shopping experience and aid in locating a vehicle that aligns with your requirements and budget. This article furnishes a comprehensive overview of the intricacies involved in purchasing a pre-owned vehicle. Whether your preference leans towards transactions with dealerships, private-party sellers, or online retailers, we delve into pivotal aspects to consider during your quest.1. Determining Your BudgetChoosing between cash payment and financing marks the initial step in procuring a used car. While cash transactions are preferable, maintaining a portion of your savings for potential future expenses such as registration, insurance, and repairs is crucial. Alternatively, car loans offer financial flexibility, enabling the purchase of higher-priced models or safeguarding your savings. Prior to delving into the process, obtaining preapproval for a loan is recommended. Utilize auto loan calculators to determine down payment and monthly installment amounts. Allocating around 10% of the purchase price as a down payment can substantially reduce your financing burden. Ensure your monthly car-related expenses—comprising payments, fuel, and insurance—don't surpass 20% of your take-home pay.Also, assess total ownership costs. While certain cars may boast lower upfront costs, ongoing expenses like insurance, maintenance, repairs, and depreciation could escalate over time.2. Prioritizing Essential FeaturesSelecting the appropriate car can be daunting. Consider your anticipated usage and prioritize essential features. For instance, families may require ample space for passengers and cargo, while safety-conscious individuals can consult the Insurance Institute for Highway Safety's crash test ratings. It's vital to focus on models renowned for their reliability while bearing in mind that each used car possesses a unique history in terms of wear and mileage.Narrow down options by listing must-have features and identify models that align with these preferences. Gradually construct a shortlist of car models for more in-depth research.3. Locating Dependable Used Cars within Your BudgetNumerous online platforms list used cars, some even offering dedicated apps for mobile shopping. Notable online avenues include:• Online marketplaces such as Slippd, Autolist, and Autotrader aggregate listings from dealerships, online retailers, and private sellers nationwide.• Online auto retailers like CarMax, Carvana, and Vroom facilitate online purchasing and ownership. These retailers own inventory and occasionally offer return policies.• Traditional private-party platforms such as Craigslist and Facebook Marketplace remain popular for direct purchases from individual sellers, though caution is advised to avoid scams.• Many used car lots display their inventory online; those seeking a hands-on experience can visit dealerships in person.4. Price Assessment and ResearchBefore physically inspecting potential vehicles, consult pricing guides like Kelley Blue Book, Edmunds, and the National Automobile Dealers Association to estimate market values. These guides factor in factors like age, mileage, and options to assess the car's condition. This knowledge proves invaluable during price negotiations.Different pricing guides provide multiple prices. For dealership transactions, the "dealer retail" price is relevant, while private-party transactions align with the "private party" price. Additionally, some guides present trade-in values, which are significant if trading in your current vehicle.Examine condition descriptions meticulously, as each guide employs distinct rating systems for conditions like "clean" and "outstanding."5. Evaluating Vehicle HistoryVehicle history reports offer insights into a car's past, encompassing title history, accidents, previous owners, mileage, and more. Online listings might provide access to free reports, while dealers often offer these reports. For a fee, trusted providers like Carfax or AutoCheck furnish comprehensive reports.Remember, while these reports offer a snapshot of a car's history, a physical inspection remains essential to gauge its overall reliability.6. Contacting the SellerOnce you've compiled research on your desired car options, reach out to the seller to verify the vehicle's availability and seek additional details, especially when dealing with private sellers. Essential questions to ask include:• Ownership history• Availability of service records• Clarity of the title (ensuring no liens)• Pricing rationale• Any undisclosed information• Permission for a mechanic's inspection 7. Test-Driving the CarTest-driving a car before purchase is paramount as it unveils potential issues and informs your decision-making. During the test drive:• Check warning lights during startup, ensuring they turn off promptly.• Inspect essential parts: engine, oil pressure, brakes, and airbags.• Select a route that encompasses varied terrains and conditions.• Assess visibility and blind spots.• Evaluate acceleration, braking, and driving comfort.• Test mechanical condition by listening for abnormal noises or vibrations.Examine back-seat legroom, cargo capacity, sound system quality, and other crucial features for your needs.8. Mechanic InspectionEven if the car appears in good condition, an inspection by a mechanic is recommended. These inspections, ranging from $100 to $300, can uncover hidden issues. Both private-party sellers and dealers should allow such inspections. If a seller resists, it could raise concerns about their credibility.9. Effective NegotiationEffective negotiation hinges on preparation and understanding the car's value. Tips for successful negotiation include:• Compare the seller's asking price against the average market price.• Be aware of dealership negotiation tactics.• Don't focus solely on monthly payments if preapproved for a loan.• Start with a compelling low offer and incrementally increase.• Repeat numbers and negotiate gradually, ensuring comprehension.• Clarify included fees before agreeing to any deal.• Be ready to walk away if necessary, maintaining your stance.10. Finalizing the PurchasePrior to finalizing the purchase:• Add the car to your insurance policy.• Pay for the car using cash or cashier's check.• Obtain the title, ensuring correct signing.• Complete title transfers within the state's required timeframe.For private-party sales with existing loans, collaborate with the lender for a seamless closure. At dealerships, explore finance options for potential benefits, but confirm consistent loan terms.Prior to signing the sales contract, review it meticulously, understanding all terms, including taxes, fees, and the agreed-upon sale price. Any dubious fees can be questioned or removed.In essence, purchasing a used car entails comprehensive research, diligent inspection, skillful negotiation, and thorough contract review. By following these steps, you're positioned to make an informed and satisfying investment.

Car News – Trent Thompson

10 Tips to Get the Best Deal at a Dealership

When it comes to purchasing a car at a dealership, negotiation plays a pivotal role in securing the best deal. While not everyone enjoys haggling, these car purchase tips will help you navigate the process smoothly and come out on top.  1. Choose an Affordable Car: While the allure of a sleek car with advanced features is strong, it's essential to align your choice with your budget. Whether you're considering a new car or exploring preowned car buying, always ensure it's financially feasible. 2. Do Your Homework: Before setting foot in the dealership, arm yourself with knowledge. Check your credit score, as it impacts the financing terms you're offered. Consider aspects like safety features, intended usage, and fuel efficiency when choosing the right car. Websites like Kelley Blue Book and Edmunds provide valuable insights for your car price comparison and research. 3. Shop Around: Don't limit yourself to the first dealership you encounter. In this age of digital convenience, use platforms like Slippd, Autolist, AutoTrader, CarMax, and Carvana for new car shopping and to compare prices across different sources. 4. Get Preapproved: Opting for vehicle financing doesn't have to mean going through the dealership. Getting preapproved for a loan from your bank or credit union empowers you during negotiations and can potentially yield better terms. 5. Be Cautious with Loan Length: Although longer loan terms may seem enticing due to lower monthly payments, remember that they result in higher overall interest payments. Strive for a loan with a reasonable repayment period, preferably within five years. 6. Time Your Negotiation Right: Capitalize on dealership sales targets by visiting towards the end of a month or quarter. Dealerships might be more willing to negotiate to meet their quotas, increasing your chances of negotiating car price effectively. 7. Focus on the Out-the-Door Price: Rather than fixating solely on monthly payments, prioritize the best car deals by negotiating based on the out-the-door price. This encompasses all costs, including taxes and fees. 8. Know What's Negotiable: While some dealers may present fixed prices, others allow room for negotiation. Be aware of what elements, such as extended warranties or technology packages, are open for discussion. 9. Avoid Add-ons: After reaching an agreement, you might encounter offers for add-ons like warranties or protection plans. Carefully assess whether these are essential and consider negotiating their prices if you opt for them. 10. Research Dealership Offers: Look beyond the sticker price. Dealerships often provide car buyer programs and special offers to attract customers. Don't hesitate to inquire about such programs to potentially further lower the price. Remember, purchasing a car demands careful consideration. Implement these best car buying tips to your advantage. Whether you're a pro at dealership negotiation or a newcomer to the process, these insights will empower you to make an informed decision and secure the best possible deal on your new ride.