Here is Part 2 of 3 on how to NOT get ripped off when buying a new car or buying a used car…

• Don’t give your local car dealer a cash deposit! Don’t give any deposit until you’re absolutely sure that the EXACT car you want is there on the lot, and you’ve seen EXACTLY, down to the penney, what the final out the door price will be. Even then, I recommend you put the deposit on your credit card.

• Don’t sign a purchase contract for a vehicle from another lot until you’ve seen it and test driven the vehicle. Make sure the VIN on the paperwork matches the VIN on the car.

• Don’t undo all that you’ve learned about buying cars here and allow yourself to get confused and intimidated by a sales person. You must maintain control. If you aren’t in control – then leave and come back another time.

• Don’t walk into a car dealer without first getting FREE online price quotes. Even if you choose to buy your new car the “old school” way (thrashing it out at a car dealer), you can still take these online quotes with you to negotiate a lower price.

• Don’t blab about how much you want your monthly payments to be. You will probably be asked that by the salesperson. Just tell them that the issue is the final out the door price you pay and NOT the monthly payments. They only ask this so they can construct your loan around lower payments but then jack up the actual cost of car.

• Don’t fall for thinking that you’re going to get a low or zero interest loan through a car dealer – you won’t! If its a low interest loan thats offered through the dealer, then you can expect them to add all kinds of fee’s and whatever they can weasel out of you to make up for what they are losing on the low interest car loan. The only way to get a zero interest car loan is if its offered directly from the factory (or a friend or relative!) AND you’ve got a stellar credit report with a really high credit score. I suggest you avoid the hassle and intense pressure of getting your car loan from the dealer. Instead, shop online for a free car loan quote and get approved the same day.

• Don’t pay more than $40.00 for the car dealers ‘paint sealant.’ Chances are their super duper auto paint sealant is just regular cheap car wax! And yes, I am aware that dealers will try to charge you from $200 to as much as $1000 for their ‘auto paint sealant.’ Just refuse to pay for it. This real auto paint sealant is a superior product that is the same stuff the United States Navy uses on their Aegis radar towers! This PTFE formula continues to bead up after 150 washes! Geez, I’ve seen my car wax start going away after only four or five washes!

Read Part 3 on how to NOT get ripped off when buying a new car or buying a used car  >>