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Posts Tagged ‘car buying’

Lexus Wants to Change the Rules of the Game

August 11th, 2015

Lexus NX

Some people buy cars with reckless abandon. They need a car, they go to their favorite dealer, they pick a car, they agree to buy it, they write a check, and they drive away.

These people don’t worry about the cost of the car, because they’ve decided the MSRP is reasonable, since the car will serve its intended purpose for the next couple of years or so.

I’ve known plenty of people who purchase cars this way. They buy vehicles with names like Denali, Benz, Porsche, Lexus, and more.

I am not one of those people. I’m a negotiator, and when I think I’m at the rock-bottom price, I try to go lower.

Then again, I don’t buy new luxury cars. The people who do would rather have a good experience at the dealership than spend hours trying to save a few bucks.

Lexus hopes to take advantage of that and could offer a no-haggle pricing policy. Could Lexus become the Saturn of the 21st century?

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Car Industry News, Car Minded, Car Shopping, Foreign Cars, General Chat , , , ,

Can Costco Become the Largest Car Dealer in America?

June 9th, 2015

Costco auto program

Costco doesn’t sell cars, but it’s the second-biggest car dealer in the country.

That’s an oxymoron that’ll make your head explode, especially when you consider that the only organization to move more metal than Costco is AutoNation.

Costco’s wildly popular car buying service has been used by hundreds of thousands of people over the years, most of whom chimed on our blog post questioning just how good a deal Costco offers when it comes to cars.

Of course, it’s not possible to walk into Costco and drive out in a new car. The service is really just a middleman between the dealer and the consumer.

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What Happens When a Buyer Never Registers a Car You Sold?

May 27th, 2015

car title transfer

It’s a good rule in life to expect the best but prepare for the worst.

Most humans on Earth are good people who want to live the best life possible, but a few are set on breaking the rules for their own benefit.

Selling a car can be a profitable venture, but it can also provide opportunity for unscrupulous humans to use the seller’s good name in a crime. It’s rare, but it can happen.

When you buy a vehicle from a private seller, you take the transferred title to your local DMV and register the car in your name. All the paperwork is taken care of for you if you buy from a dealer.

Sometimes a private seller will sell his or her car, but the buyer won’t ever register it. Any parking tickets or driving infractions caught on camera will be under the seller’s name. If any crime is committed in the car, it’ll be the seller in the crosshairs of law enforcement.

Here’s how to make sure this doesn’t happen to you.

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Car Minded, Car Shopping, General Chat , , ,

Should You Use an Auto Broker to Buy a Car?

September 25th, 2014

auto broker

The thrill of having a new car is rare enough in most people’s lives that it’s cause for a great celebration.

The process of buying a car, though, can be intimidating. It involves research, shopping, then finally negotiating a price and navigating a sea of dealer add-ons. Some people really enjoy the process, while others accept it as a necessary evil in car buying.

People who truly despise the process can turn to a broker for help with their purchase.

Advocates for using a broker like to use the argument that car dealerships are professionals at selling, so why not hire a professional at buying?

Makes sense, right?

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Car Minded, Car Shopping, General Chat , , , ,

The Negotiation Tactic No One Should Ever Use

August 22nd, 2014

2014_volkswagen_jetta

I’m sitting in a car dealership listening to people buy cars.

I’m here because my car is in for service, and the normal waiting area is under construction, as is the rest of the dealership. For that reason the sales, negotiations and business sides of the car buying process are unfolding before me.

It’s fascinating, because I want to High Five some people and High Five others right in the face.

To the left of me sits an older couple, negotiating for a Volkswagen Tiguan. In front of me is what appears to be a single young woman, perhaps in her late 20s. To the right is another single woman, probably in her 50s and buying a Jetta. Guess which one I want to slap?

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Car Minded, Car Shopping, Foreign Cars, General Chat , , ,

To Haggle or Not to Haggle on Your Next Car Purchase

May 20th, 2014

2009 Saturn Sky Redline Ruby Red Limited Edition

Remember Saturn?

I know how easy it is to forget things once they are out of mind, and Saturn has been out of our minds for about 5 years now. If you’ll recall, Saturn branded itself as “a new kind of car company” and famously sold new cars at a no-haggle price through standalone dealerships.

An article from 2006 at CNN Money said,

People who buy Saturns generally love the no-haggle price. In J.D. Power and Company’s annual surveys of dealership satisfaction, Saturn consistently ranks higher than any other non-luxury car brand.

So why hasn’t the no-haggle pricing structure caught on at other automakers and dealers?

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Any Recourse for Buyer’s Remorse?

November 29th, 2013

void car purchase

When you go out and buy a new toaster today, you can return it tomorrow if you wake up and decide the toaster just wasn’t in your holiday budget. Aside from the hassle of locating the receipt and driving back to the store, you’ll get your money back quickly and easily.

Now let’s say you are in your 2001 truck and it doesn’t start right away when you want to go back to the store and return the toaster. When it does start, every rattle and clunky gear change as you drive makes you think you should get rid of the battle-worn old thing.

You stop at a dealer, just for information, but leave two hours later in a shiny new 2013 truck. You were taken by its smell inside, the new technology features and the incredible offer of a trade-in on your old rust-bucket.

You’re feeling great, go return your toaster, and drive home with the pride of a new vehicle.

Until morning. You wake up with a twist in your gut wondering what you did and how you’ll afford the monthly payments. You miss your old truck. You have a faint memory of hearing something about a 3-day return policy for cars, and you decide you’ll look into it.

But is it truly possible to return a new vehicle?

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How to Deal with Sandy’s Devastating, Nationwide Effects on Cars

November 2nd, 2012
Cars flooded by Hurricane Sandy

Water enters a parking garage in New York City

The devastation of Hurricane Sandy is hard to witness. Lost lives and destroyed property put into perspective what is important in life, but they also force us to deal with the effects and consequences of natural disasters.

After we make sure people are safe and the basic infrastructure of our cities is up and running again, we’re eventually going to have to deal with lost and damaged vehicles. A lot of them.

The issue of flooded cars has been covered here before, but after this storm the problem needs to be addressed again. We don’t know how many vehicles were lost in the massive storm, but it’s safe to say more than we can even estimate right now will be totalled out by insurance companies. Unfortunately, many of these flooded cars will be shipped across the country and re-sold. In 2005, Hurricanes Katrina, Rita and Wilma damaged over 600,000 cars. Many of those still come up for sale today.

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Car Industry News, Car Minded, Car Safety, Car Shopping, General Chat , , , ,

Lots of Favorite Cars, but Loyal to None

August 22nd, 2012
Lexus RX 330

My favorite road-tripping car, at least until the next one comes along

I’ve never been one to devote myself to a single brand, unless you count my fanboy devotion to Apple. Between my iMac, MacBook Pro, iPhone, iPod nano, iPod Touch and iPad, it’s possible that iMight have an iProblem.

I have yet to find a car brand that has the same effect on me, which is odd, considering I like cars way more than I like tech. I can count no fewer than eight different car brands I have owned over the years, and that’s just in my adult life. Count the cars I drove, but didn’t personally own, as a teenager, and that increases by at least two.

Lexus, Jaguar, Honda, Nissan, Ford, Toyota, Subaru and Suzuki have all, at some point in my life, shared a space in my garage. Some of those makes I’ve owned twice, but that’s as deep as my loyalty goes. Do I have a favorite? That all depends on what I used the car for. I wonder if I’m alone in my wishy-washy devotion to car brands. Do other CarGurus readers tend to pick one brand and stick with it?

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Buy a Chevy: Don’t Like It? Return Your Chevy

July 11th, 2012
2012 Chevrolet Camaro ZL-1

Now with a money-back guarantee!

Just as General Motors exited bankruptcy, it rolled out a new campaign called “Let the Best Car Win.” Part of the promotion included a 60-day return policy, wherein a buyer could bring back a purchased GM vehicle for a refund if he or she became unhappy with it.

The return rate was a mere 1% or so, which showed a pretty high level of satisfaction for GM’s cars. Or at least it showed a level of satisfaction that was good enough to avoid the trouble of starting the buying process over.

Yesterday, GM announced a new take on the return policy. This time it’s wrapped into a promotion that guarantees a no-haggle price on most Chevrolet vehicles. Will it help Chevy stay ahead of surging Toyota?

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