Heads up: This piece of from Playboy’s underrated PlayboyU Channel.
We all want the Beemer, but sometimes we need to be practical. As when drinking tequila with marines, the main trick is knowing your limits.
1. Stick to your budget. The car salesman’s job is to push you above it. Your job is to tell him no. He seems like a nice guy. But he also wants your money.
2. Don’t finance on the lot. When he asks what monthly payment you can afford, it’s code for “We would like to set up a loan your grandchildren will end up paying off.” If you need to finance, head to your local bank or credit union and get preapproved. That will get you a better rate than any car dealer.
3. Do the research. Hit the lots, take some notes, then browse eBay and Blue Book to see how much the same cars have been selling for in the rest of the country.
4. Do more research. Test-drive your top two or three. Turn off the radio to listen to the engine and any wind noise that may indicate shoddy repairs. Once you find a winner, sleep on it, then run the VIN through Carfax, which will list any accidents the car has been in. The few bucks you toss a mechanic to take a look under the hood are more than worth it.
5. Be patient. Make an offer and stand firm. If the dealer won’t budge, walk away. Taking a friend with you will help keep you sane. Buying a used car smartly takes a while. Don’t be rushed by anyone (including yourself).
