Posts Tagged car dealers
Looking for a New Car Loan? Then Look Beyond the Car Yard!
Posted by in Uncategorized on January 8, 2010
Last weekend I was out looking to buy a new car – a Holden Calais 60th anniversary edition in fact. I had been to a few dealerships and finally made a decision to buy. The salesman asked whether I had pre-arranged a new car loan. I hadn’t done so and as a result I was ushered into the office and bombarded with a whole heap of numbers relating to a proposed new car loan. What I couldn’t understand was how instead of telling me an interest rate the dealer focused on the monthly installment and making sure I was happy with that. He juggled around with the residual value so that the new car loan amount was reduced when I indicated that I would struggle with the new car loan payments he first calculated. It’s funny how when you are considering a new car loan all you want is..to take delivery!! You don’t often take the time to run the numbers and actually establish just what interest you are paying. I decided to contact my mortgage broker – he had looked after me when I had recently applied for a cheap home loan and at the time had said he could also help with a new car loan if I was ever in the market. I am always astounded at the level of knowledge of my mortgage broker. He has his finger on the pulse – not just with mortgage finance but also with new car finance. He knows who is in the market, what their terms and conditions are, who is offering the best rate… why a new car loan with Lender A might be better than a new car loan with Lender B even though the monthly installment due with Lender B is lower than the new car loan repayment with Lender A. What really surprised me was threat my mortgage broker was also able to source me the identical car at a lower price. It seems that some mortgage brokers and lease brokers have arrangements in place with car dealerships whereby they can get the car cheaper. This is apparently because car dealerships often have a bonus structure operating and if a certain volume of cars are sold within a month then the bonus kicks in from the manufacturer. If say a car dealer needs to sell 30 cars in the month and coming in to the end of that month he is sitting at 28 cars then the bonus amount he will lose if he does not reach his volume target will be significantly higher than the amount by which he could discount the sale price to you. This guy is not worrying about the new car loan he just wants to ensure the target is reached. He’ll worry about the new car loan once he has secured the deal with you. As a random buyer you are not aware of these statistics but where a mortgage broker or lease broker deals with new car finance they will often know where the car dealership’s sales are at and whether the timing might be right to negotiate a good deal. I ended up a very happy chappie because I obtained a new car at a lower price with a new car loan that really suited me well.
Last weekend I was out looking to buy a new car – a Holden Calais 60th anniversary edition in fact. I had been to a few dealerships and finally made a decision to buy. The salesman asked whether I had pre-arranged a new car loan. I hadn’t done so and as a result I was ushered into the office and bombarded with a whole heap of numbers relating to a proposed new car loan. What I couldn’t understand was how instead of telling me an interest rate the dealer focused on the monthly installment and making sure I was happy with that. He juggled around with the residual value so that the new car loan amount was reduced when I indicated that I would struggle with the new car loan payments he first calculated. It’s funny how when you are considering a new car loan all you want is..to take delivery!! You don’t often take the time to run the numbers and actually establish just what interest you are paying. I decided to contact my mortgage broker – he had looked after me when I had recently applied for a cheap home loan and at the time had said he could also help with a new car loan if I was ever in the market. I am always astounded at the level of knowledge of my mortgage broker. He has his finger on the pulse – not just with mortgage finance but also with new car finance. He knows who is in the market, what their terms and conditions are, who is offering the best rate… why a new car loan with Lender A might be better than a new car loan with Lender B even though the monthly installment due with Lender B is lower than the new car loan repayment with Lender A. What really surprised me was threat my mortgage broker was also able to source me the identical car at a lower price. It seems that some mortgage brokers and lease brokers have arrangements in place with car dealerships whereby they can get the car cheaper. This is apparently because car dealerships often have a bonus structure operating and if a certain volume of cars are sold within a month then the bonus kicks in from the manufacturer. If say a car dealer needs to sell 30 cars in the month and coming in to the end of that month he is sitting at 28 cars then the bonus amount he will lose if he does not reach his volume target will be significantly higher than the amount by which he could discount the sale price to you. This guy is not worrying about the new car loan he just wants to ensure the target is reached. He’ll worry about the new car loan once he has secured the deal with you. As a random buyer you are not aware of these statistics but where a mortgage broker or lease broker deals with new car finance they will often know where the car dealership’s sales are at and whether the timing might be right to negotiate a good deal. I ended up a very happy chappie because I obtained a new car at a lower price with a new car loan that really suited me well.
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Connecticut Audi Dealers Where to Find New and Used Cars
Posted by in Uncategorized on January 8, 2010
There are at quite a few Audi dealers in Connecticut out of which, at least five are major dealers. The success and popularity of this Germany-based automobile giant in Connecticut is marked by the number of Audi automobiles that are sold at these dealerships of Audi automobiles.
Considering that Audi has been a stable and reliable globally acclaimed automobile giant for nearly a century now, there should be no doubt that it is indeed among the finest brands available in the market. Connecticut Audi dealers provide a plethora of models to choose from. The most popular models include sedans, trucks and SUVs.
Do these dealers provide any other services?
Major authorized Audi dealers in Connecticut also provide additional services for your Audi, including repairs and maintenance. These are not just dealers, but full-fledged service centers striving for the betterment of your experience as a member of the Audi family. Complimentary services like car washes are also provided at some of these dealerships.
Major Audi Dealers in Connecticut
Major Audi dealers in Connecticut include ones at Fairfield, Wallingford and New London as a few examples. Some of the most important Audi dealers in Connecticut are as follows:
New Country Audi of Greenwich: Based in Greenwich, this dealership also caters to consumers from Fairfield and Westchester.
Audi of Fairfield: Apart from Fairfield customers, this dealership aims to fulfil the needs of customers from other counties as well.
Danbury Audi: With both used and new cars, Danbury Audi has an exceptional employee profile. It provides round-the-clock tow service and even loaner cars.
Audi of Wallingford: Wallingford has some of the best deals for used models for prospective members of the Audi family.
Hoffman Audi: Hoffman Audi is situated at East Hartford and maintains a reputation for providing excellent service to its customers.
If you want to buy an Audi automobile in Connecticut, you can contact any of these Connecticut Audi dealers via the Internet to book your orders and also to get their contact information.
New or Old Model?
Most of these Connecticut Audi dealers sell not just new cars, but also old models of Audi automobiles. In case your financial condition does not permit you to buy a new model, it might be convenient for you to settle for a used model that is still in good condition.
Is it Risky to Buy Used Models?
It is quite safe to buy an Audi automobile from one of the Connecticut Audi dealers, as these models are well maintained, well tuned and perform almost as well as new models. Risks with new models exist generally with unauthorized used car dealers and car auctions, where the reason why the cars are being sold so inexpensively is a question to be considered.
Audi dealers in Connecticut provide top-notch service and maintenance for Audi automobiles. That purchasing a car (whether new or used) from any of the major Connecticut Audi dealers is an excellent decision, is undeniable.
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A New Car Loan From the Dealer is not Always the Best Choice for Your New Car Finance
Posted by in Uncategorized on January 8, 2010
When purchasing a new car it is always very easy to be swept away in the excitement of it all and want to take delivery as quickly as possible. To do this it is simply a matter of agreeing on the price of your new car and signing the necessary documents for a new car loan. All done and dusted. But just how much more have you paid for your new car and your new car loan because of your “want it now” approach? Probably more than you think. Car dealers can be very persuasive and once they feel you are sold on a car then there is little hope of a reduced price or a very competitively priced new car loan. Here are a few tips when you are looking for a new car: • Don’t go to the dealership with the expectation or desire to buy “today”. Check out the internet first to see just what the price range is for the vehicle you are looking for. • Speak to a mortgage broker or a lease broker to see what connections they may have with new car dealerships. Surprisingly, a mortgage broker can not only access good new car finance but also has negotiating “clout” with a number of new car dealerships. Most new car dealerships have monthly volume targets which when reached result in large bonuses being paid by the new car manufacturer. As a direct purchaser you will not be privy to this information but where the mortgage broker has built a good relationship with a new car dealership he or she will undoubtedly be able to negotiate a better new car price for you – unless of course there is a waiting list for the particular car you are after. Even in this situation you may find that you will be able to achieve a better price – a Sydney based client recently ended up purchasing a new car through a mortgage broker where the car was sourced out of Wollongong (dealer wanted the sale to reach his monthly target). The new car was delivered straight to her Sydney home. • If you are not absolutely set on a particular new car then find out what the re-sale value is of similar model cars when sold say 3 years later or at the expiration of your new car lease and new car loan. It is generally accepted that most new cars diminish in value by up to 15 % the moment you drive it out of the car yard. To ensure you retain value in your new car and that the residual value after 3 or 5 years under your new car loan will be met from the sale proceeds as a “used” car, it is imperative to check the sales history of the car / model/ manufacturer. It can be disheartening to find that when you eventually sell the car you do not realise a price that allows you to pay out the residual under the new car finance. • If your cash flow allows it, try and keep the residual to as low a figure as possible. This negates the likelihood of there being a shortfall between the used car sale price and the residual value under your new car loan. If you maintain your car well and have it serviced on a regular basis then there remains the possibility that when you come to sell you actually realise more than the residual value under the new car loan – this should be a non-taxable profit in your hands.
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Get a New Car Loan
Posted by in Uncategorized on January 8, 2010
A car loan is simply a way for you to go about paying for the car that you are looking to purchase. You are going to take out a car loan from a financial lending company and bring it to the car dealership with you. The reason for going about doing this is because the moment that you bring your own New Car Finance to a car dealership you are then considered what is known as any cash buyer in that you can buy the car pretty much out right from them just as if you are paying for it in cash in the first place. You can then you should car finance in order to either buy the car that you want from them or you can also use it to lease a car through them.
When you go about getting yourself a great deal on the type of used cars that is going to last you for a long period of time you might end up thinking that it’s something that is based upon a roll of the dice or something to that extent. The reality is however that it really depends on each exact amount of time and research that you are willing to put in to in order to empower yourself with the knowledge that is required in order to get the best possible deal on a New Car Loan that you can get for yourself. The bad credit used car loan that you will end up getting for yourself really is going to end up helping you get a very easy to manage and budget priced because the monthly payments are going to be fairly lower than at what you would normally expect from a car dealership as well as the interest rates on it should also be considerably lower than what you would get from used car dealerships. The reason you and make sure that you do this actually correctly is because you not want to end up having to get locked in to why it is known as an upside down car loan. This is aware you end up having your New Car Loan being worth more than what the price on a used car but you are trying to purchase or are purchasing it is. You should not be afraid about this though because there are a few different things you can do that can guide you in finding yourself the best financial deal on a bad credit used car loan.
