How to buy a car

CARBUYING 101
Part 1

Below is a letter I wrote with the help of a book by our friends at motleyfool.com I saved THOUSANDS OF DOLLARS. In 30 minutes you will save THOUSANDS. Not hundreds, thousands. And you don't even have to go inside a dealership and sip there nasty coffee. Instead you use a FAX MACHINE. Yup. That old piece of junk that seems obsolete, is a goldmine for buying big ticket items.

Understand that they are sending bids blindly, while you sit and relax with a cup of tea - they can't see you flinch, they can't gauge your reaction to their offer, they're just hoping not to piss you off. Also, do this at the end of the month, as they need to meet there monthly/quarterly numbers and are more eager to please..
(Do not try to use email as there are too many reasons to list here, you've been warned.)

1- Call all dealerships you are willing to drive to, and simply say, "May I have the sales dept. fax number please." - There is a reason you won't be able to find this ONLINE. Make a list, check it twice.
2- Fax the below letter to them with your info.
3- Relax and listen to money noises.

Dear Dealer,
I'm looking to buy a new car this week. Below I've indicated the make, color, and various features of the car that I want.
Over the next three days, I'll be taking bids from any local dealers interested in my business. After selecting the most attractive bid, I will formally secure financing for purchase within the week.
If you bid, I ask that you include ALL costs, ITEMIZED by option; all dealer-preparation fees; and all tax liabilities. Please fax your bid to (555)555-5555. I look forward to doing business with you.

Thank you~

Your name here

____________________________
FAX #: 555-555-5555 - 2005 Honda Element EX
Automatic Transmission.
Color: Galapagos Green Metallic.
Options: Wheel locks, Security alarm, Cargo Net, Cargo Cover, Table legs, Roof rack.
Fax to:
Your name here

Then go and do something fun for about 4-5 hours...this is symbolic of the time you'd be wasting at a dealership AND you'd be paying about 5 dollars a minute to do it.

________________________________________________________________________________
CARBUYING 101
Part 2

Send the below letter (with your info) To the top 3-10 bidders.

Dear Dealer,
Welcome to Round #2. Can you beat this price?

The below 6 items INCLUDE INSTALLATIONS:
PRICES TO BEAT:
2005 Honda Element EX Automatic 18,750
Galapagos Green Metallic
Table legs: 64.00
Wheel locks: 45.00
Alarm System: 204.00
Cargo Net: 35.00
Cargo Cover: 117.00
Roof Rack: 229.00
19,444.00

DOC: 45.00
19,489.00
(MAY DIFFER/COUNTY)TAX @ 8.25 = 1607.84
LIC FEE: 185.00
Tire Tax: 8.25
$21,290.09

After selecting the most attractive bid, I will purchase within 48 hours with CASH.
If you bid, I ask that you include ALL costs, ITEMIZED by option; all dealer-preparation fees; and all tax liabilities. NO FINE PRINT/HIDDEN FEE'S. The final price you list at the bottom will be what I make the check out for.
Please fax your bid to (555)555-5555. I look forward to doing business with you.

Your Name Here

____________________________
FAX #: 555-555-5555


	CARBUYING 101 Part 1 Below is a letter I wrote with the help of a book by our friends at motleyfool.com I saved THOUSANDS OF DOLLARS. In 30 minutes you will save THOUSANDS. Not hundreds, thousands. And you don't even have to go inside a dealership and sip there nasty coffee. Instead you use a FAX MACHINE. Yup. That old piece of junk that seems obsolete, is a goldmine for buying big ticket items. Understand that they are sending bids blindly, while you sit and relax with a cup of tea - they can't see you flinch, they can't gauge your reaction to their offer, they're just hoping not to piss you off. Also, do this at the end of the month, as they need to meet there monthly/quarterly numbers and are more eager to please.. (Do not try to use email as there are too many reasons to list here, you've been warned.) 1- Call all dealerships you are willing to drive to, and simply say, "May I have the sales dept. fax number please." - There is a reason you won't be able to find this ONLINE. Make a list, check it twice. 2- Fax the below letter to them with your info. 3- Relax and listen to money noises. Dear Dealer, I'm looking to buy a new car this week. Below I've indicated the make, color, and various features of the car that I want. Over the next three days, I'll be taking bids from any local dealers interested in my business. After selecting the most attractive bid, I will formally secure financing for purchase within the week. If you bid, I ask that you include ALL costs, ITEMIZED by option; all dealer-preparation fees; and all tax liabilities. Please fax your bid to (555)555-5555. I look forward to doing business with you. Thank you~ Your name here ____________________________ FAX #: 555-555-5555 - 2005 Honda Element EX Automatic Transmission. Color: Galapagos Green Metallic. Options: Wheel locks, Security alarm, Cargo Net, Cargo Cover, Table legs, Roof rack. Fax to: Your name here Then go and do something fun for about 4-5 hours...this is symbolic of the time you'd be wasting at a dealership AND you'd be paying about 5 dollars a minute to do it. ________________________________________________________________________________ CARBUYING 101 Part 2 Send the below letter (with your info) To the top 3-10 bidders. Dear Dealer, Welcome to Round #2. Can you beat this price? The below 6 items INCLUDE INSTALLATIONS: PRICES TO BEAT: 2005 Honda Element EX Automatic 18,750 Galapagos Green Metallic Table legs: 64.00 Wheel locks: 45.00 Alarm System: 204.00 Cargo Net: 35.00 Cargo Cover: 117.00 Roof Rack: 229.00 19,444.00 DOC: 45.00 19,489.00 (MAY DIFFER/COUNTY)TAX @ 8.25 = 1607.84 LIC FEE: 185.00 Tire Tax: 8.25 $21,290.09 After selecting the most attractive bid, I will purchase within 48 hours with CASH. If you bid, I ask that you include ALL costs, ITEMIZED by option; all dealer-preparation fees; and all tax liabilities. NO FINE PRINT/HIDDEN FEE'S. The final price you list at the bottom will be what I make the check out for. Please fax your bid to (555)555-5555. I look forward to doing business with you. Your Name Here ____________________________ FAX #: 555-555-5555