Comments on: New Car http://www.jonsagara.com/2007/05/30/new-car/ So easily amused Sat, 11 Apr 2009 14:11:03 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Jon Sagara http://www.jonsagara.com/2007/05/30/new-car/comment-page-1/#comment-139 Jon Sagara Thu, 31 May 2007 17:28:00 +0000 http://www.jonsagara.com/?p=417#comment-139 <p>We looked into going that route, but interest rates these days are ridiculous.  For new cars, you're looking at over 6%.  Since we knew we'd be getting 4.9% over the weekend, we didn't bother getting pre-approved.  </p> <p>But, yes, that is an extremely effective bargaining tool.</p> We looked into going that route, but interest rates these days are ridiculous.  For new cars, you’re looking at over 6%.  Since we knew we’d be getting 4.9% over the weekend, we didn’t bother getting pre-approved.  

But, yes, that is an extremely effective bargaining tool.

]]> By: Matt http://www.jonsagara.com/2007/05/30/new-car/comment-page-1/#comment-138 Matt Thu, 31 May 2007 14:13:00 +0000 http://www.jonsagara.com/?p=417#comment-138 <p>When I bought my first car post-college I found a place on the internet (via Edmunds.com) that would approve you for up to a certain amount (say $30K) and then send you a blank check to pay for the car with.  That way you had already negotiated the loan before even looking at the car.  Effectively, you were paying cash to the dealer so they couldn't dick with you at all.  Either they gave me the price I wanted or I walked.  Worked really well.</p> When I bought my first car post-college I found a place on the internet (via Edmunds.com) that would approve you for up to a certain amount (say $30K) and then send you a blank check to pay for the car with.  That way you had already negotiated the loan before even looking at the car.  Effectively, you were paying cash to the dealer so they couldn't dick with you at all.  Either they gave me the price I wanted or I walked.  Worked really well.

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