Why?
I am planning to buy a "new" car this month. Here are my options.
1) Acura TL
2) Acura TSX
3) BMW 335i
4) BMW 328i
Which one do you think is the best option? In terms of budget, I researched the price of each, and I think I can afford it. Also, I have an old car - which I don't plan on trading.
Is it cheaper to buy a car in NJ, PA or someplace else (within drivable distance - I live in NJ)? Are sales people in PA a lot nicer than in NJ (i.e. are they gullible)?
How about the APR/Interest Rates? How much does it usually cost? 2%, 4%,etc? Is it negotiable?
Lease terms - can I go greater than 60 months? say, 72 months or more?
Usually, dealers have MSRP, can I negotiate a price lower than the MSRP?
What is an "invoice price" and MSRP?
What are the things I need to take into consideration while in the dealer (warranties, etc)?
I know they are going to sell a lot more nuisance than I actually need - any idea what are those?
Thanks for all your help! =)
Also, In terms of negotiating the right price - things I need to take into consideration?
Yep, this is my first time to buy a new car at all. =)
EDIT: ***Lease*** Terms - can I go greater than 60 months? say, 72 months or more? - I meant, Finance Terms... Sorry for the confusion.
Where can I find the invoice price for a car?
Answer
You've never bought a new car have you? All of those cars are great luxury sports sedans. I don't think you could go wrong with any of them.
Buy the car in the jurisdiction that has the lowest sales taxes. On a $35,000 purchase 1 or 2 % difference in sales tax can mean a lot in terms of added costs.
There is no such thing as a gullible car salesman. They are a lot smarter than you are. They know their business and they have the upper hand in any and all negotiations.
Interest rates are based on your credit score and credit worthiness. Secure your financing through an independent service before walking into the dealership. Don't let the dealer finance you. It's just another way for him to make a profit off of you.
Leasing a car for 60 or 72 months is just a stupid idea. Forget it. Leasing is a short term financial decision not a long term one. If you are going to keep a car for 72 months you need to buy the car, not lease it. Leases generally go for 24 to 36 months. Car leases are notoriously bad financial transactions. Avoid car leases. If you can't afford to purchase the car using a traditional loan, you are looking at a car that is too expensive to own.
You can and should negotiate for less than MSRP. MSRP is the highest point on the price scale. You want to pay close to or under Invoice. MSRP is Manufacturers Suggested Retail Price. It represents the most the dealer can charge for that car unless they add aftermarket premiums to the car. Invoice is the price that the dealer pays for the car. Of course there are several hold back and incentive programs that reduce this cost for the dealer that you never see but on paper the invoice cost represents what the dealer pays for the car.
Forget extended warranties. The manufacturers warranty is all you need.
Any item the dealer tries to add to the price, forget it. All they do is represent profit for the dealership and are not things you need to have. Any accessories, added options, warranties, paint protectors and fabric conditioners are all pure profit for the dealer. Don't discuss them, reject them all, tell them you are uninterested and don't buy any of them. Any additional charges added to the price after the manufacturers price on the window sticker is pure profit. They call these addendum stickers "Sucker Stickers" for a reason. Because if you agree to purchase these items you are a sucker. Make them give them to you free or ask them to be removed from the car. Or find a car without a sucker sticker.
You've never bought a new car have you? All of those cars are great luxury sports sedans. I don't think you could go wrong with any of them.
Buy the car in the jurisdiction that has the lowest sales taxes. On a $35,000 purchase 1 or 2 % difference in sales tax can mean a lot in terms of added costs.
There is no such thing as a gullible car salesman. They are a lot smarter than you are. They know their business and they have the upper hand in any and all negotiations.
Interest rates are based on your credit score and credit worthiness. Secure your financing through an independent service before walking into the dealership. Don't let the dealer finance you. It's just another way for him to make a profit off of you.
Leasing a car for 60 or 72 months is just a stupid idea. Forget it. Leasing is a short term financial decision not a long term one. If you are going to keep a car for 72 months you need to buy the car, not lease it. Leases generally go for 24 to 36 months. Car leases are notoriously bad financial transactions. Avoid car leases. If you can't afford to purchase the car using a traditional loan, you are looking at a car that is too expensive to own.
You can and should negotiate for less than MSRP. MSRP is the highest point on the price scale. You want to pay close to or under Invoice. MSRP is Manufacturers Suggested Retail Price. It represents the most the dealer can charge for that car unless they add aftermarket premiums to the car. Invoice is the price that the dealer pays for the car. Of course there are several hold back and incentive programs that reduce this cost for the dealer that you never see but on paper the invoice cost represents what the dealer pays for the car.
Forget extended warranties. The manufacturers warranty is all you need.
Any item the dealer tries to add to the price, forget it. All they do is represent profit for the dealership and are not things you need to have. Any accessories, added options, warranties, paint protectors and fabric conditioners are all pure profit for the dealer. Don't discuss them, reject them all, tell them you are uninterested and don't buy any of them. Any additional charges added to the price after the manufacturers price on the window sticker is pure profit. They call these addendum stickers "Sucker Stickers" for a reason. Because if you agree to purchase these items you are a sucker. Make them give them to you free or ask them to be removed from the car. Or find a car without a sucker sticker.
Teen's first car under $10,000 with 200 or more horsepower?
Pawel
what are your top 5?
year 2000 or higher please
coupe, hatchback, or sports sedan.
200+ hp
$10,000 or less
Answer
2000 and up Nissan Maxima offered more than 200 HP and can be had in your price range. Check these for an idea what's out there.
http://cgi.ebay.com/ebaymotors/2004-Nissan-Maxima-SE-79-000-miles-Sky-Top-/170502145747?cmd=ViewItem&pt=US_Cars_Trucks&hash=item27b2b846d3
http://cgi.ebay.com/ebaymotors/2002-NISSAN-MAXIMA-SE-6-SPEED-RARE-92K-MILES-1-OWNER-/230490856316?cmd=ViewItem&pt=US_Cars_Trucks&hash=item35aa535b7c
Here's the next thing I'd consider. The 1998-2002 Accord had 200 HP in V6 trim, coupe or sedan. Here's a few.
http://cgi.ebay.com/ebaymotors/Nice-2000-Honda-Accord-Coupe-/180522047449?cmd=ViewItem&pt=US_Cars_Trucks&hash=item2a07f3d7d9
http://cgi.ebay.com/ebaymotors/HONDA-ACCORD-EX-V6-/220626988275?cmd=ViewItem&pt=US_Cars_Trucks&hash=item335e64acf3
Or, the WRX.
http://cgi.ebay.com/ebaymotors/2002-Subaru-Impreza-WRX-Gold-Prodrive-P1-Low-Miles-/170503532078?cmd=ViewItem&pt=US_Cars_Trucks&hash=item27b2cd6e2e
http://cgi.ebay.com/ebaymotors/02-WRX-WAGON-AWD-5-SPEED-TURBO-XS-1-OWNER-NJ-/370395533582?cmd=ViewItem&pt=US_Cars_Trucks&hash=item563d4b510e
For a little extra style. 190 HP 2000-01, 217 HP 2002-05
http://cgi.ebay.com/ebaymotors/2003-Audi-A4-3-0-Quattro-All-Weel-Drive-/110550588752?cmd=ViewItem&pt=US_Cars_Trucks&hash=item19bd541d50
http://cgi.ebay.com/ebaymotors/USED-3-0-liter-V6-All-Wheel-Drive-AWD-Deep-Blue-Paint-/180523819205?cmd=ViewItem&pt=US_Cars_Trucks&hash=item2a080ee0c5
Last on my list, something American. Never sold here with less than 200 HP.
http://cgi.ebay.com/ebaymotors/Beautiful-Garnet-Red-CTS-Bose-Luxury-pkg-/220626374264?cmd=ViewItem&pt=US_Cars_Trucks&hash=item335e5b4e78
http://cgi.ebay.com/ebaymotors/CTS-87K-H-LEATHER-SEATS-RUNS-GOOD-CLEAN-WARRANTY-/270597866911?cmd=ViewItem&pt=US_Cars_Trucks&hash=item3f00e3c59f
You have a nice budget and a nice range of vehicles to choose from. I'm a little on the practical side, so I chose cars that are either sedans or large coupes. There are plenty of other options, so happy hunting!
2000 and up Nissan Maxima offered more than 200 HP and can be had in your price range. Check these for an idea what's out there.
http://cgi.ebay.com/ebaymotors/2004-Nissan-Maxima-SE-79-000-miles-Sky-Top-/170502145747?cmd=ViewItem&pt=US_Cars_Trucks&hash=item27b2b846d3
http://cgi.ebay.com/ebaymotors/2002-NISSAN-MAXIMA-SE-6-SPEED-RARE-92K-MILES-1-OWNER-/230490856316?cmd=ViewItem&pt=US_Cars_Trucks&hash=item35aa535b7c
Here's the next thing I'd consider. The 1998-2002 Accord had 200 HP in V6 trim, coupe or sedan. Here's a few.
http://cgi.ebay.com/ebaymotors/Nice-2000-Honda-Accord-Coupe-/180522047449?cmd=ViewItem&pt=US_Cars_Trucks&hash=item2a07f3d7d9
http://cgi.ebay.com/ebaymotors/HONDA-ACCORD-EX-V6-/220626988275?cmd=ViewItem&pt=US_Cars_Trucks&hash=item335e64acf3
Or, the WRX.
http://cgi.ebay.com/ebaymotors/2002-Subaru-Impreza-WRX-Gold-Prodrive-P1-Low-Miles-/170503532078?cmd=ViewItem&pt=US_Cars_Trucks&hash=item27b2cd6e2e
http://cgi.ebay.com/ebaymotors/02-WRX-WAGON-AWD-5-SPEED-TURBO-XS-1-OWNER-NJ-/370395533582?cmd=ViewItem&pt=US_Cars_Trucks&hash=item563d4b510e
For a little extra style. 190 HP 2000-01, 217 HP 2002-05
http://cgi.ebay.com/ebaymotors/2003-Audi-A4-3-0-Quattro-All-Weel-Drive-/110550588752?cmd=ViewItem&pt=US_Cars_Trucks&hash=item19bd541d50
http://cgi.ebay.com/ebaymotors/USED-3-0-liter-V6-All-Wheel-Drive-AWD-Deep-Blue-Paint-/180523819205?cmd=ViewItem&pt=US_Cars_Trucks&hash=item2a080ee0c5
Last on my list, something American. Never sold here with less than 200 HP.
http://cgi.ebay.com/ebaymotors/Beautiful-Garnet-Red-CTS-Bose-Luxury-pkg-/220626374264?cmd=ViewItem&pt=US_Cars_Trucks&hash=item335e5b4e78
http://cgi.ebay.com/ebaymotors/CTS-87K-H-LEATHER-SEATS-RUNS-GOOD-CLEAN-WARRANTY-/270597866911?cmd=ViewItem&pt=US_Cars_Trucks&hash=item3f00e3c59f
You have a nice budget and a nice range of vehicles to choose from. I'm a little on the practical side, so I chose cars that are either sedans or large coupes. There are plenty of other options, so happy hunting!
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