Buying a car? Bought a car? Recently? Going to a dinner party soon and you want to look knowledgeable?
If that's the case, you will definitely want to take a look at this. Buying a car is one of the most important investments that consumers make, so you have to keep in mind that you NEED to do it right. Either leaving money on the table or finding out that a car is not really for you after six months of ownership is not the path you want to take -- especially if you plan on keeping it for 10 years.
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Walking onto a car lot can feel like a train wreck in slow motion: At every turn you get a little more derailed, until finally you're off the tracks entirely and the dealership has what it wants: your entire bank account.
Part of the problem is the sheer number of variables involved in negotiating the sale: the price, the options, the financing, the monthly payment, maybe a trade-in. You should methodically research and consider every conceivable scenario before setting foot on a dealer's lot. Otherwise, dealers will do everything they can to tilt the transaction in their favor...
[Source: MSN Autos]
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