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CAR BUYING
IS DIFFERENT FROM OTHER BUY/SELL SITUATIONS
- Most people
when they set out to buy a car don't really know what they want
to buy. They are vague as to the kind of car they want. And they
don't know if they can afford a car or not. Therefore, it is easy
for a dealer to confuse and manipulate such buyers.
- Most people
don't know what their trade-in is worth - and most dealers are
depending on that factor to get the most money from your old car
- money which they put toward buying more new and used cars to
sell.
- Most buyers
don't know which model and which extras they want. So, evaluating
and deciding can take a very long time.
- All salespersons
have more patience than buyers, so they can easily wait the customer
out.
- Getting
financing is not always easy, even with good credit. Calculating
the amount of down payment, cash back, etc. takes time even under
the best of circumstances.
- Doing all
the paperwork and explaining all the legalities takes a long time.
The average
buyer has to go through all six of these steps before he ends up
with a new set of wheels. And he has to make sure these steps go
really well so he gets what he wants, with the minimum of grief.
This is where you need to be a good negotiator.
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