Can I negotiate a price and then stipulate the deal on getting the special interest rate (hypothetically a 2024 Mazda3 Preferred Hatchback for $25,000+tax and fees, then demand the 0% for 3 years).
Hello from the UK , Looking to change my car BMW 320d Sport 28,000 FSH . Auto Trader value is 16100 , is that what the dealer will offer ? Having a test drive on a Lexus UX . Thanks
Been watching your content for a while in preparation for an upcoming new car purchase - I'm sold on the site, will be using your tools - thanks for all the help/info.
Thanks gentlemen!! You guys make awesome videos that help people like me who is hunting for a used car. On your website if I am searching for some used cars I am unable to filter "Personally used cars". Please try to add a filter via which we can filter Rental/Fleet/Personal cars. Hope to see this feature soon!! Cya!!
My local Toyota dealer has $4200 in dealer added on BS on every single new car they sell. So soon as you step on their lot you're at a disadvantage. I absolutely hate buying new cars. F it, just will keep what i have 🙄
Learned a TON of useful informations from this channel and the website. Got myself a 2024 Mazda CX-50 select for $32.5k OTD at 0.9% APR just a week ago. Without the knowledge I gained from you guys. I would’ve been scammed for another $1.9 delivery fees, weird package that cost $2k, and unwanted and useless warranties. Glad I walked away from that!
10% rule! My wife and I were just hit with an increase of $200 per month on our insurance payment. So according to the rule a car payment needs to be reduced accordantly. We need less expensive cars !
Another great video..! I've taken what I've learned from you and successfully negotiated a deal on a new Subaru Crosstrek Onyx. Once we had established contact by email and text I was dealing with 6 different dealerships. Unfortunately none of the dealers had the colour of the trim level we wanted but most were able to or already had on order what we wanted. This gave me time to slow down the process down a bit. One dealer offered me a higher trim level they had on the lot right near the end of the month. The deal he was putting together was very good but he sold one and was left with a colour we didn't want. But this was perfect because it revealed that yes, there was plenty of room below sticker price to negotiate. Six emails then went out with "my out the door all in" offer on exactly what I wanted. I got a variety of responses, all negative except from the dealer that had offered the discounts earlier on the car we passed on. Got it in writing, put down a deposit and we should be driving it by the end of the month. Since then a few of the other dealers have reached out to me again... Sorry,too late. Thanks again @CarEdge
Thank you for the valuable content you provide! I would greatly appreciate your insights or the possibility of a video focused on strategies for purchasing high-demand vehicles, such as the RAV4 Prime. Given its limited production and substantial demand, I've noticed that local dealerships often require a deposit to locate one. This approach seems to shift most of the negotiating power to the dealership, leaving buyers fortunate to secure a vehicle at MSRP. Could you clarify if requesting deposits is a common practice? Is there room for price negotiation in this scenario, or should one simply accept MSRP while seeking concessions on accessories? Additionally, do you think the processes in the finance office are similar for high-demand models? While there is an abundance of resources on purchasing both new and used vehicles, I have yet to encounter discussions specifically addressing the dynamics of high-demand cars. I appreciate your ongoing efforts to assist all of us!
Awesome thank you for much for this valuable information so appreciated it, Question how can I find cheaper affordable car insurance State Farm is too expansive please help Thank you
13:00 also I’ve learned that you wanna know get that car’s original sticker MSRP, that way you can see how much it’s actually discounted. Depending on how many years, miles, we know a car 3 years old with 30k miles was probably a lease and was valued at what, 60%? so 35%-40% discount? bids is always the way to go but sometimes you may only have found one place with that used car you want. So knowing original MSRP seems crucial, and also, make sure the loan doesn’t exceed the car’s 10th birthday (shout out Deshone) ☝🏻
All of these crazy budget rules don't work for me. I am retired, not old enough for Social Security yet, I pay my car insurance once per year, and do not ever finance my cars! I just buy what I feel comfortable spending.
I'm currently trying to buy a new/used truck and your channel has helped a lot. as a resident of northern NJ I will try to do my business with you, if the price is right haha
only problem is I have great credit and my bank denied me for a loan.. my 2nd bank daid they have a 13.5% charge and the dealer would be better to get a loan
I used CarEdge & will be picking up my new car this month. Even though I am a former Purchasing Agent, I thought about it for a long time & decided that I didn't want the hassle!
I really do not want to buy, but life is too hectict to not have a consistent vehicle. Hopefully i can strike gold in the private car market but the future is bleak.
You say the 10% has to include gas and maintenance...then only factor in insurance in monthly cost? If you have $500 to spend on transportation and insurance is $100, you can't have a car payment of $400 unless that car is free to maintain and operate.
10:25 now do this 30 times and get 5-10 people playing, or as many as you wanna spend time vetting, and really get them bidding for your business! Then you KNOW you got the best deal. 2 just isn’t enough to know, cause if they’re both 80% dealers (overpriced), beating the other by $1k could still be thousands higher than a 20% dealer who really needs to make a sale. 🤔
Get the rebate and best deal. If you must finance, just do $5000 to $10,000 of a loan. Then pay it off the payment due date. That’s what I did. Costs about $50 in interest but I saved $3500 with a finance rebate I wouldn’t have gotten
To get a PPI, do I simply tell the dealer I want to have the car inspected by a mechanic and arrange it? Are they required to agree? Allow 2-3 hours? Thanks
@@dodgers8one8 1k but you will likely offset that in savings anyway. Hit their site. It's really pretty insane all the info they have on their (such as invoice and market day supply which ultimately means negociability)
@ 8:34, you mention free templates for contacting dealers. Can you provide a link to these templates? I can't find it, and even when signed in, if I click on what looks like a search icon, it either takes me a page to sign up for the concierge service or takes me back to the login page. TIA
New cars come with floor mats. If the mats are provided by the manufacturer they are included in the price. The dealer may add them and will try to charge you for them. The astute car buyer knows better than to pay the dealer anything over the negotiated price.
Even tho inventory is up. It's only up because no one can afford cars. All the more affordable one are sold out like the new camry, rav4, and Corolla crosses. It's just a facade. All the terrible and expensive car takes up all that inventory rate.
Hold up... with all of the nations natural disasters in North Carolina, Florida Panhandle, Georgia Floods, and now a Cat 5 hurrican hitting dead on in the Tampa area tomorrow night, there is going to be no shortage for demands for new vehicles from these areas where all their cars, trucks, SUV's have all been destroyed by floods. The seller market will continue because natural disasters have been working in their favor!!
That’s the one gamble we can’t predict. Dealerships are so stupid they are willing to keep prices up with interest rates going down. Just how they try to pull some bs on a white paper and try to trick you with lowering something but catching you off guard on something else.
@drift6785 Yeah, but I am ok with them people getting loans. The more of them get loans, the better my 401k, CDs, and money market account do. Win win for me. Keep getting them loans so my bank keeps loaning that money to yall... and I get a cut of them loans in the form of dividends and compounded interest. 😁
I’m with you! Destruction of society is the only way… I’ve boycotted buying clothes for the last three years - why wear clothes? DO NOT BUY! Got it - clear directions. I’m ready for lesson 2.
I pay cash for my vehicles. My rule for what I can spend is not to spend anymore than 50% of what my last year’s gross income was. This applies to anything with an engine installed (boat, automobile, RV, etc.) all combined for that calendar year. I keep my vehicles for a long time and start saving for my next one immediately. I still drive an 03 Silverado I bought new.
Its been that way for years. What would you have people do who don't have access to public transportation? Are you going to pick them up? I know you're trying to be funny but it's not a funny situation
Download the FREE E-Book here: caredge.com/deal-school
Let us know what additional questions you have so that we can help!
What is the best way to use Affiliate Rewards Preferred Pricing?
Can I negotiate a price and then stipulate the deal on getting the special interest rate (hypothetically a 2024 Mazda3 Preferred Hatchback for $25,000+tax and fees, then demand the 0% for 3 years).
@@culinarykid92 My Affiliate rewards awards me 1% below invoice. can I still get 0% for 36 months from CDJR?
Hello from the UK , Looking to change my car BMW 320d Sport 28,000 FSH .
Auto Trader value is 16100 , is that what the dealer will offer ?
Having a test drive on a Lexus UX .
Thanks
This being free content is CRAZY. Immense knowledge being shared in under 25 mins
Buying a car very soon. Perfect timing in this.
Dummy
Been watching your content for a while in preparation for an upcoming new car purchase - I'm sold on the site, will be using your tools - thanks for all the help/info.
Stumbled upon your Company afew months ago...Love the videos/information an insights...Thank You Gentleman
This is amazing!! Well done CarEdge!!
Excellent detailed Video!
Thanks gentlemen!! You guys make awesome videos that help people like me who is hunting for a used car. On your website if I am searching for some used cars I am unable to filter "Personally used cars". Please try to add a filter via which we can filter Rental/Fleet/Personal cars. Hope to see this feature soon!! Cya!!
My local Toyota dealer has $4200 in dealer added on BS on every single new car they sell. So soon as you step on their lot you're at a disadvantage. I absolutely hate buying new cars. F it, just will keep what i have 🙄
Learned a TON of useful informations from this channel and the website. Got myself a 2024 Mazda CX-50 select for $32.5k OTD at 0.9% APR just a week ago.
Without the knowledge I gained from you guys. I would’ve been scammed for another $1.9 delivery fees, weird package that cost $2k, and unwanted and useless warranties. Glad I walked away from that!
I'm working on buying a '24 cx-30 select. Got them down 10% on the OTD so far. Still going to try other dealers for better price
Great video. Way better than the clickbait garage
Should I wait until November and December to cash in on Holiday and end of the year sales?
That’s what I’m doing. I’m looking to get a used challenger RT and I’m waiting for the prices to drop.
10% rule!
My wife and I were just hit with an increase of $200 per month on our insurance payment.
So according to the rule a car payment needs to be reduced accordantly.
We need less expensive cars !
Another great video..!
I've taken what I've learned from you and successfully negotiated a deal on a new Subaru Crosstrek Onyx. Once we had established contact by email and text I was dealing with 6 different dealerships. Unfortunately none of the dealers had the colour of the trim level we wanted but most were able to or already had on order what we wanted. This gave me time to slow down the process down a bit. One dealer offered me a higher trim level they had on the lot right near the end of the month. The deal he was putting together was very good but he sold one and was left with a colour we didn't want. But this was perfect because it revealed that yes, there was plenty of room below sticker price to negotiate. Six emails then went out with "my out the door all in" offer on exactly what I wanted. I got a variety of responses, all negative except from the dealer that had offered the discounts earlier on the car we passed on. Got it in writing, put down a deposit and we should be driving it by the end of the month. Since then a few of the other dealers have reached out to me again... Sorry,too late.
Thanks again @CarEdge
Thank you for the valuable content you provide! I would greatly appreciate your insights or the possibility of a video focused on strategies for purchasing high-demand vehicles, such as the RAV4 Prime. Given its limited production and substantial demand, I've noticed that local dealerships often require a deposit to locate one. This approach seems to shift most of the negotiating power to the dealership, leaving buyers fortunate to secure a vehicle at MSRP.
Could you clarify if requesting deposits is a common practice? Is there room for price negotiation in this scenario, or should one simply accept MSRP while seeking concessions on accessories? Additionally, do you think the processes in the finance office are similar for high-demand models?
While there is an abundance of resources on purchasing both new and used vehicles, I have yet to encounter discussions specifically addressing the dynamics of high-demand cars. I appreciate your ongoing efforts to assist all of us!
Awesome thank you for much for this valuable information so appreciated it, Question how can I find cheaper affordable car insurance State Farm is too expansive please help
Thank you
13:00 also I’ve learned that you wanna know get that car’s original sticker MSRP, that way you can see how much it’s actually discounted. Depending on how many years, miles, we know a car 3 years old with 30k miles was probably a lease and was valued at what, 60%?
so 35%-40% discount? bids is always the way to go but sometimes you may only have found one place with that used car you want. So knowing original MSRP seems crucial, and also, make sure the loan doesn’t exceed the car’s 10th birthday (shout out Deshone) ☝🏻
All of these crazy budget rules don't work for me. I am retired, not old enough for Social Security yet, I pay my car insurance once per year, and do not ever finance my cars! I just buy what I feel comfortable spending.
Does Out the door price include or exclude fee’s? You mention to add 10% for the final price?
I'm currently trying to buy a new/used truck and your channel has helped a lot. as a resident of northern NJ I will try to do my business with you, if the price is right haha
Do you work in "sanitation"?
only problem is I have great credit and my bank denied me for a loan.. my 2nd bank daid they have a 13.5% charge and the dealer would be better to get a loan
@@h3rmzi Yikes, pay cash.
@@woodjunkjrjr2689not all of us are privileged to wealth. I can technically only afford 5k
I used CarEdge & will be picking up my new car this month. Even though I am a former Purchasing Agent, I thought about it for a long time & decided that I didn't want the hassle!
Let’s go!!
I really do not want to buy, but life is too hectict to not have a consistent vehicle. Hopefully i can strike gold in the private car market but the future is bleak.
How many days on the lot for a new car is ideal?
Where should you go for PPI?
Most of us who buy every 5 or 10 years don’t want to learn dozens of negotiating strategies
Are you available for Canada too?
What is the best way to use Affiliate Rewards Preferred Pricing?
You say the 10% has to include gas and maintenance...then only factor in insurance in monthly cost? If you have $500 to spend on transportation and insurance is $100, you can't have a car payment of $400 unless that car is free to maintain and operate.
10:25 now do this 30 times and get 5-10 people playing, or as many as you wanna spend time vetting, and really get them bidding for your business!
Then you KNOW you got the best deal.
2 just isn’t enough to know, cause if they’re both 80% dealers (overpriced), beating the other by $1k could still be thousands higher than a 20% dealer who really needs to make a sale. 🤔
do i get a prepurchase inspection on a new car?
Watching this on my drive over to the deslership
Watching while driving? Why aren't people ticketed for this?
@@lisag18 bro I was listening to it…
Question. How do you navigate a dealership trying to get you to finance through them to “get a better deal” as a cash buyer?
Get the rebate and best deal. If you must finance, just do $5000 to $10,000 of a loan. Then pay it off the payment due date. That’s what I did. Costs about $50 in interest but I saved $3500 with a finance rebate I wouldn’t have gotten
@@RonKnowsStuff isn’t it illegal to offer a different price for financing vs cash?
@@JJGray21 manufacturers offer incentives through rebates ($3500) or discounted finance rate options ( 0.9%). That’s allowed
I would review the consumer magazines, and buy the highest rated, newest pre-owned vehicle you can afford.
To get a PPI, do I simply tell the dealer I want to have the car inspected by a mechanic and arrange it? Are they required to agree? Allow 2-3 hours? Thanks
Yes
Not required to allow it. If they aren't willing to - RUN!!
Can I hire you to do all the negotiations?
That's literally what they do. Up front fee then kick your feet up and they do the work.
Sweet what’s the up front fee?
@@dodgers8one8 1k but you will likely offset that in savings anyway. Hit their site. It's really pretty insane all the info they have on their (such as invoice and market day supply which ultimately means negociability)
@ 8:34, you mention free templates for contacting dealers. Can you provide a link to these templates? I can't find it, and even when signed in, if I click on what looks like a search icon, it either takes me a page to sign up for the concierge service or takes me back to the login page. TIA
This should help: caredge.com/guides/email-templates-to-buy-a-car-online. All the best, Ray
@@CarEdge thanks!!
Are car mats free? I am looking at dealerships and they are charging $200 for floor mats
New cars come with floor mats. If the mats are provided by the manufacturer they are included in the price. The dealer may add them and will try to charge you for them. The astute car buyer knows better than to pay the dealer anything over the negotiated price.
@@jerrylundegaard2592 that is totally strange. I am looking at cars at dealerships online and car after cars has an extra charge for floor mats
Even tho inventory is up. It's only up because no one can afford cars. All the more affordable one are sold out like the new camry, rav4, and Corolla crosses. It's just a facade. All the terrible and expensive car takes up all that inventory rate.
Please do leases.
Hold up... with all of the nations natural disasters in North Carolina, Florida Panhandle, Georgia Floods, and now a Cat 5 hurrican hitting dead on in the Tampa area tomorrow night, there is going to be no shortage for demands for new vehicles from these areas where all their cars, trucks, SUV's have all been destroyed by floods. The seller market will continue because natural disasters have been working in their favor!!
Good thing that there wasn't a long port strike
Lower interest rates = higher car prices. Sucks for us cash buyers
That’s the one gamble we can’t predict. Dealerships are so stupid they are willing to keep prices up with interest rates going down. Just how they try to pull some bs on a white paper and try to trick you with lowering something but catching you off guard on something else.
How about I give Ray $500.00 and he does this for me.
Dont, thats how
Buying a car in 2024 says YOU ARE NUTS ! You are OVERPAYING ❗❗❗ WAIT ONE YEAR if you want to pay a fair price ❗❗❗
Lesson 1... DO NOT BUY. Crash market by not buying anything. Done.
I like the way you think.
True but the only issue is ppl are just impulsive so it'll never happen
@drift6785 Yeah, but I am ok with them people getting loans. The more of them get loans, the better my 401k, CDs, and money market account do. Win win for me. Keep getting them loans so my bank keeps loaning that money to yall... and I get a cut of them loans in the form of dividends and compounded interest. 😁
I need a car now though
I’m with you! Destruction of society is the only way… I’ve boycotted buying clothes for the last three years - why wear clothes? DO NOT BUY! Got it - clear directions. I’m ready for lesson 2.
I would have an easier time figuring out the meaning of the universe
Try not to buy one.
I pay cash for my vehicles. My rule for what I can spend is not to spend anymore than 50% of what my last year’s gross income was. This applies to anything with an engine installed (boat, automobile, RV, etc.) all combined for that calendar year. I keep my vehicles for a long time and start saving for my next one immediately. I still drive an 03 Silverado I bought new.
You're wealthy. Real people don't have the money you do because you're making that money their back so you can keep buying yachts
I have one word of advice if you want to buy a car in 2024, “don’t”
So i should buy a horse?
@@kenk7049 I have a 2014 GMC Sierra and I’m driving it till the wheels fall off
@@TexasScout I drive an 03 Silverado still so you have a while left in her.
@@supersteve8305 I beat you both. I've been driving a '97 Maxima since 2001. I hate to but I have get something else.
Its been that way for years. What would you have people do who don't have access to public transportation? Are you going to pick them up?
I know you're trying to be funny but it's not a funny situation
Dont buy a car right now, Wait until the election is over.
That was said 4 years ago and nothing has changed.
Any other advice?
@@lisag18oh cmon things are better than 4 years ago