WEEKEND TICKETS GOING FAST!

PRICES GO UP AT THE GATE

PURCHASE TICKET
First  Prev  1  2  3  4  5  6  7  Next  Last
Post Reply Buying Your 1st New Car :)
20380 cr points
Send Message: Send PM GB Post
35 / M / SoFlo
Offline
Posted 1/19/17
Never brand new. My last 2 cars where a year old.

When I saw the new price compared to the used it was a no-brainer.

My last car we brought in hard cash. We said "We want this car and will pay it off right now." We went at the end of the month so the dealers want to met quota. Got it for what we wanted, but the dealing is a hassle.
5904 cr points
Send Message: Send PM GB Post
Offline
Posted 1/19/17 , edited 1/19/17
The Costco program isn't really that they haggle, its just they have contracts with a dealership(s) around you and you a get a few hundred dollar discount. (they currently have a thing with GM that gives you an extra $700 off or something too).

Have good credit. It makes life easier. Usually the dealership gives you a rate that's about what banks/credit unions charge.

Always take the bonus cash and not the financing if its an either or thing (unless your credit sucks).

I bought the 100k extended warranty ($700 on a new $17K car), with the ext warranty the bank lowered a 3.4% offer to a 2.7% so if you do get an extended warranty (I usually think all extended warranties are BS but it was pretty cheap), ask if it will lower the rate.

If you look on the internets then call a dealer, ask for the "out the door" price - which is car price plus tax and title.

If you are looking for new cars in the say 15-20K range (subcompact-compact size) new cars are sometimes a better buy than used.

Dont buy a CUV (small SUV). Most are just jacked up subcompacts. Just buy a subcompact/compact as the space in many small cars are almost the same as a CUV and you'll save 12K.
78131 cr points
Send Message: Send PM GB Post
29 / M / Anywhere
Offline
Posted 1/19/17 , edited 1/19/17
So a few months back my 2006 sentra started to die, so for a year ive saved my ass off and along with my stellar credit i ended up buying a 2016 Colorado Z71 Trail Boss with 13 miles on it. Love the truck. Ive already paid off more than half of the 45k for the damned thing.

Funny thing was originally i was not going to buy the truck. I had my eye on a sweet blacked out 2015 Acura TLX with all the goodies, 3.5L V6, AWD, and every sensor and driver aid you could think of and Heated/Cooled seats. and was on massive manager discount due to last year model (this was in june 2016). it was fantastic. Well when i started the process of buying it, they started to balk at my credit score and the amount i was to put down. I have a 770 credit score and was putting down 20k for it but they wanted me to put more down, way more than i had. WTF Acura! 20k down payment and a 770 CS not good enough for you? well the wanted me to put down 24k before they gave me the keys.

In a rage, I left. went to Chevy found this sweet truck, it had just about everything you could have wanted--atleast in a truck. at Chevy they didnt even balk at anything i did, eager for the sale. My ending price for that was about $45k with closing costs/registration and fees. the truck was about 39k.. took it up the ass a bit for the extra fees.. ugh. Totally got a Top shelf Colorado, so acura lost the sale.

In my experience dont be afraid to walk away from any deal they may give you. Until you sign the paper you can walk at any time for any reason. And if they REALLY want the sale they will try to get you back and usually they will do things to get you back like a lower price on the said new vehicle. I walked from acura after they balked at 20k--over half the car's price. day after i bought my truck, acura called to try to give me a 0.9 APR for it but i laughed at them telling them too late.

Just about everything other posts here hold true, i haven't read all of the other post but for the ones i did read here is accurate, at least in my experience
493 cr points
Send Message: Send PM GB Post
28 / M
Offline
Posted 1/19/17 , edited 1/19/17
dealership vs bank vs credit union

play them all against each other. Just get the best deal you can get. It's usually too much of a hassle though, especially if you know you can pay it of soon. There's usually not much difference though because the rates are fairly similar within a region. Bankers are friends with each other.

It will take you 20 minutes just to sign the paperwork. It will take some time, so don't expect an in and out. During this time they will offer you free food, free booze to try and make you feel good. Once the sales rep knows what you're looking for, they tend to make a bunch of pitches. For example upgrades to better stereo, to the V6 or V8, or buying that used car they have on the lot that's only been used for test runs except it's in a color you didn't ask for but they'll give you a small discount of a few thou. They'll try all sorts of things to get rid of unpopular inventory. During this process, which will get tiring, make sure you end up getting what you want.

End of month is sometimes a good time to shop for cars. Any sales reps that haven't hit their quota will be desperate. On the other hand, any sales rep that have hit their quota will drive a tougher sale.

Get a co-signer with someone you can trust, but remember you'll both be the owner of the car.

I dunno how they'll feel about you paying back the loan in 6 months, they can't make much money if you pay it back too fast.
78131 cr points
Send Message: Send PM GB Post
29 / M / Anywhere
Offline
Posted 1/19/17
well unless it specifically says in the loan contract you can generally pay back the loan however fast as you like as long as you meet the minimum payment per month.

For my Colorado, I have a 5 year loan to pay it off. I plan on paying it off by this June 2017. I bought it in June 2016. Unless its got a early payoff penalty in the contract they cannot stop you, and even that would be you pay the remaining interest you would have had if you let the contract go for the full loan time. example: 5 year loan's worth of interest as part of the payoff penalty.

Most dealers when getting a long loan like a 60month loan expect that you will pay off the amount in the 5 years, but keep in mind only a small fraction of the money goes to the dealer and the salesperson. the bulk goes to the manufacturer, and for the most part they dont care if you pay it off sooner or later. the banks or credit unions may be a bit annoyed but dont let that stop you.

if you get a loan thru a bank or credit union just ask the person if there is an early payoff payment penalty, most loans though shouldn't have one in this day and age, again though that's my experience
1016 cr points
Send Message: Send PM GB Post
Offline
Posted 1/20/17
Here's the better question...what kind of car is they looking for, how "new" are they wanting it to be (i.e. last years model or this years), and are there any other dealerships within driving distance that have the exact same model?

@Superraptorman22 How are the new Colorado's? I was going to get a used one from the old s10-transtion era but I really didn't like how stiff it felt when driving and ended up getting an Avalanche from the same model year just for the fact that it had a better ride and I was going to get the same mileage with the V8 that was in it (5 city/21 hwy).
10804 cr points
Send Message: Send PM GB Post
26 / M / Around
Offline
Posted 1/20/17
Don't let the dealership talk you into a car because they think it will meet your needs best. When I got my Jeep in July they tried to get me to buy a Dodge Dart or a Chrysler 200 just to get a better credit score (my bank don't report to the credit bureau), but these didn't fit my needs. Buy a vehicle that meets your needs.
3784 cr points
Send Message: Send PM GB Post
Mᴇᴡɴɪ
Offline
Posted 1/20/17


I bought my first car when I was 18. It was off my dads best friend. I got the car for 900. I almost died plenty of times in the car and finally six years later it died. I now just take a cab wherever I need to go. I feel like it's stupid to rely on a car so much anyways. Especially if you live in the city. Paying car insurance every month is kind of a joke.
18650 cr points
Send Message: Send PM GB Post
M / Los Angeles
Offline
Posted 1/20/17

AnimeAddictANN69 wrote:

anyone here got any good story about buying their 1st NEW car?

i have plenty of experience with buying used cars.. but not so much for NEW cars..




i don't have the cash to pay in full.. so finance is the only option..

dealership vs. bank vs credit union



Don't do it mate! Buying a new car was a HUGEEEEE mistake! Youre paying 10 of thousands of dollars for something that will lose value. Not only that, your stuck with the bill for 2 - 7 years. If for some reason you need to sell it, you'll be out several thousand dollars. Just happened to me. I had to move for a new job, didn't bring my car with me (NYC, dont need a car) but I still gotta pay the $350/mo plus insurance for it because i financed it. Buy a good used car maybe a few years old. One where you can at least get your money back if you ad to sell it.
78131 cr points
Send Message: Send PM GB Post
29 / M / Anywhere
Offline
Posted 1/20/17 , edited 1/20/17
@Goldframe, well first off i love the new Colorado. I don't know what other people will say about it but from my experience but ive had nothing but good vibes from it. Its quick, i've got the big V-6 so it can really get up and go, I don't think it would beat a full size Silverado or Dodge diesels in a drag race but overall its a quick truck.
Now one of the awesome things about it it has real good MPG for a truck but the way i drive i get garbage mpg, but i really think at 55 mph you can expect about 20-30mpg. At 90mph i was seeing that i was getting still 16-19mpg. the Colorado 2.8 diesel gets even better overall range with the 35+mpg though i dont have the diesel so idk too much about it. Though the gas engine is DEFINITELY way more fuel efficient than any of the other 3 car companies, Nissan, Toyota and Ford (the old ranger) or your old Avalanche
If you were to choose the gas engine or the diesel with the Colorado----GET the Diesel. I love the gas engine but from what i keep hearing about the diesel is nothing but good.

The handling of it really feels sporty, the suspension doesn't feel trucky--stiff or bumpy but more like a small car. Which is great coming from a somewhat sporty feeling Nissan sentra to this truck. Top speed of the truck is electronically limited to 99mph but the spedo goes to 140mph.

Blind-spots on my truck are really bad. if i were you i would go now for the 4-door, for it has a larger rear window to see thru, also for my truck being a 'Trail Boss' edition i have a roof light bar back just aft of the cab, and that further increases my side/rear blind spot. but I'm sure without the headache bar and the 4door visibility for a truck isnt too bad, just mine is just bad :)

Overall I could not be more pleased with my truck, i do wish that i had some of the new nifty features of the 2017 Colorado (blind spot detection, plethora of sensors, cylinder deactivation, and the new 10 speed auto transmission) as far as I'm concerned i love my truck its totally worth seriously considering as a new vehicle to buy.
3476 cr points
Send Message: Send PM GB Post
Offline
Posted 1/20/17 , edited 1/20/17

XxNaruTheNarcissistxX wrote:
Don't do it mate! Buying a new car was a HUGEEEEE mistake! Youre paying 10 of thousands of dollars for something that will lose value. Not only that, your stuck with the bill for 2 - 7 years. If for some reason you need to sell it, you'll be out several thousand dollars. Just happened to me. I had to move for a new job, didn't bring my car with me (NYC, dont need a car) but I still gotta pay the $350/mo plus insurance for it because i financed it. Buy a good used car maybe a few years old. One where you can at least get your money back if you ad to sell it.


i'm tired of buying used cars .. hate having to deal with problems passed down from the previous owners.

yes.. cars are more reliable now.. but 4-5+ years old will start to have problem and who knows that the previous owners used it for..

carfax and autocheck can provide general history about major problem with the cars.. but there's nothing about internal parts on the reports..

i'm not buying a 2017 car.. but a 2016 instead....since it's last year model.. the price is cheaper + registration and insurance as well..

document fee--- they are charging $400+ around here.. ? i thought it's $150-$300 in most states..

as for your car? can you just sell the car and pay off the financed amount ? there's prepayment penalty on your loan? or they will not allow you to pay off the car in one lump sum ?
78131 cr points
Send Message: Send PM GB Post
29 / M / Anywhere
Offline
Posted 1/20/17 , edited 1/20/17
As I tried to explain in a previous post, typically most loans these days don't have prepayment penalties. you can pay off how ever much off as fast as you want and typically they wont say anything about it, as long as you meet the minimum
18589 cr points
Send Message: Send PM GB Post
34 / M / outer wall, level...
Offline
Posted 1/20/17
ivw never boughtva new car. probably never will.
299 cr points
Send Message: Send PM GB Post
31 / M / PlayStation VR
Offline
Posted 1/21/17
The newest vehicle I have purchased was almost a year old with 7,000 miles. It's five years old and has just over 100,000 miles. I really want to trade it for a Toyota 86, but I spent part of my down payment moneys on a high end 4K TV and a bunch of cheap TVs as Christmas presents. I don't regret it, as it was one "want" vs. another "want." I didn't really "need" either.

Anyway, on-topic:
-First, check your credit score. It may be worthwile to spend a few months improving it first.
-Arrange financing before you go to the dealership. That will give you leverage.
-If you're trying to trade in, get an appraisal at a different dealership from the one you plan to buy from. This will give you a baseline value and more leverage.
-Really evaluate what you want and need out of a car while you do your research. Don't test drive until you have a few in mind.
-Absolutely test drive the vehicle, and don't just drive it. Sit in the lot and open storage compartments. Fiddle with the climate controls. Fold down the back seats. You want to find out what you don't like about the car and make sure you can live with it. You don't want to be paying a 3-7 year loan on a car with an a/c vent that s right at your hand on the steering wheel.
-Go check out articles by Tom McParland on Jalopnik. That dude generally has great car-buying advice.
-Don't be afraid to walk away from any deal.
18589 cr points
Send Message: Send PM GB Post
34 / M / outer wall, level...
Offline
Posted 1/21/17
id say redline the car before you buy it. and slam on the brakes to you can get a fell how it handles.
and dealers give a lot of weight to debt to income ratio.
and defninitly go on the last day of the month. we got a killer deal on a used toyota.
dont buy a new model. wait a few years before buying one.
we got a versa, with the 1.8 only a couple of years after they came out. big mistake. its a pos engine that is falling apart at 144k. ive had some many used and abused cars, and never had an engine make the noise that 1.8 is making.
First  Prev  1  2  3  4  5  6  7  Next  Last
You must be logged in to post.