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Car Loans - shopping • Financial Planning Online Prices...

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Car Loans Negotiating the price Some dealers negotiate and some do not Sticker price is manufacturer’s suggested retail price (MSRP) Negotiating by phone Call several dealers Trade-in tactics Attempt to negotiate price on new car first Car Loans (cont’d) No-haggle dealers Make sure price is not higher than other dealers The value of information Use consumer magazines or Web sites Purchasing a car online Not as efficient as buying an airline ticket or a book Financing decisions Estimate dollar amount of monthly payment you can afford before
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Unformatted text preview: shopping • Financial Planning Online: Prices of New Cars • Go to: http://autos.yahoo.com/ • Click on: “New Cars” • This Web site provides estimates of what you should pay for any new car, based on the car’s features and options that you specify • Financial Planning Online: Trade-In and Retail Value of Used Cars • Go to: http://www.kbb.com • This Web site provides trade-in and retail values for a used car, based on the condition of the car, its age, and other characteristics that you specify...
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