Many car companies offer special lease deals on selected models and styles each month. Some are very affordable at less than $200 a month. This month, we list over 50 leases for $199 or less. The list gets larger every month as car manufacturers increasingly work to attract new customers by offering low monthly car costs. […]

How much down payment do I need for my car loan? Until recent times, it was standard for car dealers and finance companies to require at least 20% down payment on the purchase of a car. It was for a good reason. Because cars depreciate in value from the moment they are driven off a […]

What is the car trade-in process? Do I lose money by trading? Here is how a car trade works. Car dealers buy your old car from you and give you credit toward the price of a new car. The trade-in credit is like a down payment and reduces the price of your new car, making […]

What to Pay for a Car — What’s a Good Price? What to Pay For a New Car All new cars have a window sticker that displays the manufacturer’s suggested retail price (MSRP). It may also include destination charges, dealer-installed option prices, and other miscellaneous charges. The total of these charges is the price you would pay for that vehicle, […]

When buying a car, everyone knows you don’t pay the asking price or sticker price. Right? Right. The process of buying a car in the United States is unusual in that it’s one of the very few times when we actually negotiate or “haggle” over prices. We don’t do it when buying a refrigerator at […]

Many people know they need/want a new car but struggle with what car to buy. There are so many choices. How does a person go about deciding what car is best for them? There are actually a number of different approaches that be taken in making a decision. One way is to simply do detailed […]

First-time car buyers are often unaware of everything that’s involved in the process. It’s not surprising because it’s not simple and not like buying anything else that we normally buy, even a house. We’ll explain it all in this quick guide to buying a car. Further details can be found in the various articles posted […]

Buying a car for the first time can be an overwhelming experience. There’s so much to know and how to know what’s important. With this article, we’ll take some of the mystery away from the car buying process. We’ll focus on the car itself in this article because we’ve already covered topics such as new […]

Your First Car – Making Your Decision Most of us get our first car as teenagers. It’s the car we’ll always remember. Let’s take a look at some of the important questions you’ll want to consider when deciding about what you’ll buy as your first car, how you’ll pay for it, and how to go about […]

Should I keep my old car and fix it up, or buy a new car? Expressed another way, the question is this: Is it smarter, more practical, and more economical for me to keep and fix my old car than to buy another car, new or used? This is always a tough one to answer. Generally, […]

Better to Buy Pre-Owned Car, or New Car? First time car buyers have a choice of buying a brand new car, or buying a used car. Which is better? There are advantages and disadvantages to either choice. Most people would rather have a brand new car with its new-car smell and latest style, but there […]

New Car, First Car If you’ve decided that your first car will be a brand new car, there are things you need to know about the buying and financing process that makes it different from buying a used car. New cars – only from dealers All new cars must  be purchased from state-licensed and manufacturer-authorized […]

Even many experienced car buyers don’t know about the “secret” factory-to-dealer rebates given to dealers by car manufacturers. Car companies often select certain models and styles for these rebates, and the selection can change from month to month. Dealers can use factory-to-dealer cash (sometimes called “marketing support”) in almost any way they choose but most […]

As this is being written, this year, 2011, has become the best time to buy a new car in years. And 2012 looks to be even better. In normal years, we would tell you that the best time to buy a car is when sales are slow at the end of the month, end or […]

Car manufacturers use incentives to make their new cars more affordable during limited-time promotions. The most common incentive is a direct to customer rebate, although there can also be other incentives such as low-interest loans, 0% APR loans, special car lease deals, and “hidden” factory-to-dealer cash. Incentive programs vary from month to month depending on which […]

There’s one kind of car buying customer that sales people just love. They are “payment buyers.”  A car salesperson’s job is to sell cars — and make maximum profit for his dealership. The way to make maximum profit is by selling at the highest possible prices and including as many “add-on” extra items or services as possible. Some […]

The best selling cars are those that car buyers like best and buy most often. Given that most of those buyers do at least some research before they make a decision, they choose their cars wisely and make informed decisions. If other buyers don’t want to do the research and make their decisions based on what […]

According to questions I see posted on Yahoo Answers, there are a huge number of first car buyers out there who have somehow found exactly the WRONG way to buy a car. They then look for help AFTER they realize their mistake. It’s nearly always too late by that time. Here’s how NOT to buy a […]

Everyone buying a new car wants to get a bargain and a great deal. So where can those deals be found? Although we’ll be primarily discussing brand new cars here, we can make some comments on used cars, if that’s the direction you think you want to go. Used Car Deals Finding a great deal […]

Although we’ve discussed this topic previously (see Lease vs Buy), there is one aspect that we haven’t discussed and continue to hear questions about. The question is essentially this: “If a car dealer is offering a special promotional lease deal, a purchase rebate, and a low interest loan on the car I want, which one is […]