Here’s the real reason behind the sticker. In 1958, Senator Michael Monroney proposed a bill that would take the mystery out of new car prices. This bill required that every car manufacturer attach a label to the window that would show the suggested retail price (MSRP), transportation method, freight charges and accessory prices.
Prior to this, price tags did not tell the full story. Very often there was a large discrepancy between the “showroom" price and the actual price.
Now a customer could walk into a new car showroom and shop with confidence. The price of an accessory was no longer a secret. In fact, all hidden charges were now readily available to the customer. Car dealers were no longer able to inflate prices in order to show a higher trade in value. As a result, sales increased as consumer confidence increased.
That’s the way life is †if you apply this principal to anything you are selling. Give the customer more than they expect and they will respond in a positive way. Even if they don’t buy from you they will spread your “gospel of truth" to their friends and neighbors.
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New Car Purchase Incentives
New car purchase is not that difficult to do as other people think. You only need to follow a certain game plan and stick to it and never allow your heart and bias to intrude in the process. What I am about to reveal are time-tested tricks and tips to give you the necessary leverage as against car dealers.
First in the list is for you to determine the fair price for your new car purchase. The heart of this step is how to get or identify a fair market price of the car you are interested to purchase. You can log on to websites providing features and options relating to the actual price of various types of cars. Then, come up with some notes about your findings.
After you have identified the fair market price of the car you want, you are now ready to move to the next step. This step involves securing free quotes from car dealers.
You can easily do this by logging onto the websites of companies offering car dealership and other related services. Do not be afraid if they ask you about some personal details like your name and email as these details will be used only for purposes of giving you a quote.
Representatives from the companies you contacted will contact you in no time and when you deal with them be honest and straightforward. Do not be swept away by their attractive offers and presentations but be focused on your goal.
Now, you are ready to consider trade-in offers. In relation to this step, your target should be: which of the two options you have will yield better gain for you. Will that be by trading your car with the company or by selling the car to a private person? With this in mind, you will have a guide when it is now time to decide.
The next step is to begin your negotiations with the companies. The dealer would like to know if you would be purchasing in cash basis or not. So, tell them you are thinking of buying the car in cash basis but nevertheless do not close the bridge for possible financing.
A great tip to remember is as much as possible never purchase a car based on installment basis as this would defeat your objective to save money.
Making new car purchases will prove to be a rewarding experience if you only know what to do. By following steps and keeping in mind your goal - to save money, that is - you will almost always get the best buy.
New car purchase in addition allows you to develop real-life wisdom as they are possible avenues where you can learn how to negotiate and deal with people who are experts in the field but walk away happy because you made a good deal.
With these tips in mind, you will not find it very difficult to strike a good deal with any company and thus make the most out of the sum of money you have.
Both Gloria Law & Alex Baumm are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Gloria Law has sinced written about articles on various topics from Home Improvement, Cars and Jewelry. Gloria manages a gemstone website and a classic car website. She has been selling food supplements for over thirty years. She manages a Eurowave center. She also writes short inspirational and humorous stories and is currently working on her autobiogra. Gloria Law's top article generates over 14800 views. Bookmark Gloria Law to your Favourites.
Alex Baumm has sinced written about articles on various topics from Build Muscle, Finances and Cover Letter. Alex Baumm, member of a Car Club. So, there is really no need to worry when you make. Alex Baumm's top article generates over 60500 views. Bookmark Alex Baumm to your Favourites.
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