.(49)Buying a it first, buy it later and save money


How to minimize car ownership

Lease the car you always wanted………………………….then buy it later.

Pity the automotive industry. Whereas the airlines are hurting under unsustainable wages and benefits, i.e. health insurance and pension contributions, they are likely to reduce them both in coming negotiations, whereas the Automotive industry is saddled not only with these same problems, but worse, not enough customers and too many plants worldwide making vehicles.

If China's car industry enters the United States in three or four years with the "Cherry" automobile, a talked about vehicle made in China with Chinese wages, the situation will only get worse.

Compounding the problem for some of the manufacturers is that their labor contracts are so juicy that they are better off continuing to give away cars rather than to close a plant and pay continuing benefits to laid off employees.

This situation will not change for several years until consolidation, plant closings, or bankruptcies have cured the problem. And plant closings will be a last resort. Therefore the glut of new cars will likely continue for a few years.

And the subsidized lease will continue to be offered.

During that time, new cars will be a real bargain.

Question: How best to minimize long-term car ownership.

Simply put…lease it now, buy it later.

In the past, the auto manufacturers moved cars by subsidizing leases. Without getting into the math, the monthly lease cost was lowered by increasing the residual value, thereby selling (leasing) more cars. But the value of the vehicle at the end of the lease was almost always less than the contracted residual and each of the off-lease cars then had to be sold in the wholesale market at a loss of several thousand dollars.

Hence several of the big backers of lease financing, Chrysler, some New York banks, and others, each lost several hundred million dollars in each of the past two or three years because they had to sell the off-lease cars on the open market for less than the residual value.

So why lease a car now instead of buying one right now?

Because by initially leasing a car, the maker is essentially offering a price that can't be beat. It's actually lower than the "employee cost" widely advertised. Then buy the car at the end of the lease.

At the end of the lease the company financially backing the lease most likely will sell the car on the open market at a loss. Why not intervene at that point and buy the car for less than the residual value and put that "loss" into your pocket as money saved?

A true-life example:

A business friend of mine had a three-year-old leased car with a contract residual value of $28,000. Looking at the used car lot he found he could buy one just like it for $24,000. He assumed the company that financed the lease would loose at least $2,000 in selling it for less than the contracted residual value. Through the dealer he offered $22,000 to buy the car as is and his offer was promptly accepted, including 3%, 3 year financing. His dealings, all by phone (no face to face negotiations needed) were with the company financing the lease.

So lease the car of your dreams today if you ultimately want to buy it. Let the companies financing the lease continue to subsidize your monthly lease payment. About three months before the end of the lease, cruise the used car lots and notice what your car is being offered at and then buy the car (no commissions paid to anyone on this transaction) at the end of the lease and keep several thousand smackers in your pocket.
About the Author

Ralph Hoffmann graduated from the Univ. of Wisconsin, majoring in Applied Mathematics. He has ten years experience raising venture capital and added business experience developing real estate properties. He has used his math background to develop web site for anyone intending to lease or buy a new car.

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Written by: Ralph Hoffmann

(50)Buying A Fuel-Efficient Car


Whether you buy a new or used vehicle, fuel efficiency--good gas mileage--is high on the list of most buyers' concerns. The difference between choosing a fuel-efficient car or one that guzzles gas, will either save or cost you money over the life of the vehicle, which could be substantial. Fuel efficiency varies widely from one car to the next. Obviously you can check the EPA rating for city/highway MPG on the window sticker, although most of us know the average car never reaches those numbers.

You can also check consumer guides, car magazines and Web sites, Web site forums or ask friends, relatives and co-workers which vehicles they recommend as fuel-efficient cars. Don't buy more car than you need, as larger vehicles generally have bigger engines that are less fuel-efficient. Find the most fuel-efficient car in the size group you're interested in, whether a two-seater, compact, mid-sized, SUV or pickup truck. There are several online sites where you can compare fuel consumption ratings of any car.

Your choice of transmission can also affect the fuel efficiency of the vehicle. Generally, a car with manual transmission is a more fuel-efficient car than one with automatic-assuming you shift properly. And a manual with overdrive, tachometer or shift indicator is the biggest fuel saver, saving up to 10% on fuel costs. If you do buy an automatic, which makes more sense for larger cars, the more gears the better.

Under normal driving conditions, smaller engines offer better fuel efficiency and economy than larger ones. All other things being equal, the larger engine and the more cylinders it has, the more fuel it consumes. Additionally, cars with smaller engines usually cost less and gas costs are lower because you don't need higher octane gas. That doesn't mean a bigger engine is never a good choice. In some cases, a larger, more powerful engine may provide the greater fuel efficiency. If you use your vehicle for work or often tow heavy loads, a smaller engine could burn more fuel if it has to work too hard and function beyond its most fuel-efficient range.

Depending on the type and size of motor vehicle you purchase, you may have the choice of front-wheel, rear-wheel, four-wheel or all-wheel drive. The majority of passenger cars and minivans have front-wheel drive, a design that supplies better traction and more interior room than rear-wheel drive. Although front-wheel drive was originally adopted to improve fuel economy over rear-wheel drive by reducing the weight and size of cars without giving up driving performance or interior space, there's really not much difference in fuel efficiency between the two.

And although four-wheel and all-wheel drive provide better traction and braking in certain driving conditions, the weight and friction of the additional drivetrain parts may increase fuel consumption by up to 10% over a two-wheel drive vehicle. Most often in SUVs and pickup trucks, four-wheel drive is enabled at will by the driver when additional traction is necessary. All-wheel drive is an option on some SUVs and a minority of passenger cars. Full-time all-wheel drive, however, makes for the least fuel-efficient car, because all four wheels are always being driven, drawing power from the engine and thus using more gas.

Another way to be a fuel saver, is by limiting the options you select for your car. You may not have realized that many conveniences from power windows, seats and mirrors to air conditioning and seat warmers decrease fuel efficiency and cost you more in fuel consumption. They add either weight, increase aerodynamic drag or pull extra power from the engine or through the alternator.
Aluminium wheels are one of the few options that actually reduce weight and thereby increase fuel efficiency.

Obviously, considering other fuel options such as a hybrid electric car, is another choice for a fuel-efficient car.

© 2009 Any reproduction of this article in any manner is prohibited without the consent of We give permission to use this article on your website or e-zine if you reproduce it exactly as it appears here including this notice. Visit to order your FREE report, "7 Critical Facts Everyone should Know Before Buying a Hybrid Car."

About the Author

Andrea Susan Glass, founder of WritersWay and All About Hybrid Cars, helps clients reach their writing and marketing goals with effective articles, press releases, newsletters, Web site copy, eBooks and books. An award-winning author for "Street Smart Secrets to Auto Care You Can Trust," she has written books, eBooks and articles on subjects ranging from animals and auto repair to singles and spirituality.

Written by: Andrea Susan Glass

(51)Buying A New Car


The cost of a new car nowadays equals about what my parents paid for their first home. It's not a purchase to be taken lightly. You want to do everything possible to ensure you get a great deal.

Never rush your decision. If you are completely without transportation, rent a vehicle until you find the right car. When you rush a purchase, you usually end up on the losing end of the deal.

Thanks to the Internet, you can uncover the typical retail cost of a specific make and model. With a little digging, you can find out the wholesale cost as well. This information makes you a powerful negotiator.

You want a win-win situation with the car dealership. They need to make some profit, and you need to feel you paid a fair price. It's fair to negotiate to a price that's $500 above dealer cost or about 20% off the sticker price. So take along your calculator when you shop.

If the only cars on the lot have expensive options you don't care for, you might want to order a car to your specifications. You might wait a bit, but will save money on options you don't need.

Check with the dealership to see if you can return the car if you don't like it. I did this once. The car I purchased ended up less comfortable than my old car, so the next morning I took it back for my check and my trade-in. Many dealerships now offer this option.

You may have heard the advice to shop the last day of the month for better deals. It's true that you might get a better deal from a salesman then.

As far as trade-ins go, do your research here, too. Knowing the value of your old car makes it easier to negotiate a better price for it. Try not to talk about a trade-in possibility until you get a purchase price.

I researched the value of my little red Corolla and found that it was $3500. One dealership offered me $1200 because "they'd have to repaint it". Another dealership offered me $3500 and complimented me on taking such good care of the engine. Stick to your guns when it comes to getting the value of your trade-in, especially if you’ve had your car serviced regularly.

You may want to advertise your older car and sell it privately. Typically you can get a better price this way, but it may take a little time.

A service contract will likely be brought into the negotiation. The consumer information I've read discourages buying an extra contract on a new car, as it's not likely a problem will occur during the first months of use.

Whatever you do, always read the fine print of any contract before signing it. Ask a bazillion questions about what certain phrases mean if you don’t understand something.

Simply because the car just rolled off the factory line doesn’t mean you should buy it without asking questions. Keep on your toes during the negotiation process. There’s nothing like the thrill of getting a new car AND creating a win-win situation for you and the dealer.

About the Author

This article courtesy of>

Written by: Simon Harris

:(52)Buying a new car? This article will save you time & money by getting dealer's invoice infomation & negotiating the best deal of any new car!. New Car Pricing 101: provides the "best price" found for new car deals from both franchised dealerships and consumer feedbacks.

The "best new car price" is in comparison to dealer's invoice price as most buyers' club does. (Such as AAA or Costco)

And yes, the "best price'' does NOT include your normal Sales Tax, DMV Registration, and Documentation Fees. (Usually around 10% of the new car selling price)

The "best new car price" we provide should only be used as the final target price. More precisely, it gives car shoppers a solid idea of the lowest price currently available. With this information in mind, any new car buyer should be satisfied even if the final negotiated number is a few hundred dollars higher than our new car price listed. (Still a great deal!)

Important Do's & Don'ts before you buy a new car:

* Don't buy the car for its sale price. Always test-drive the new vehicle and make sure you'll enjoy it.

* Don't buy or lease the car for its "low monthly payment". Pay more attention to the "selling price" & "finance rate".

* Always read everything you sign at the time of the purchase. Some fine prints are just as important as the numbers.

Step by step

1. Seach and select your desired new car from our Latest New Car Deals, Auto Bargains by Make, or using the Advanced Search option. You'll then be able to see colors, full specs, and dealer's invoice cost for the selected vehicle.

2. Get Dealer's Invoice Cost for the new car from one of the trusted online sources. (Such as Yahoo! Autos -> follow the link to the right to "Build Your Car")

3. Configure the desired make & model by selecting available options; the Invoice & MSRP for each option is quoted to the right. As you make decisions, the tool keeps track of your choices so you always see the "total invoice price and MSRP" for your new car.

4. Now you can easily calculate the target new car price by using the following formula:

Dealer's Invoice $ +/- Deal + Documentation Fees

+ Sales Tax + DMV & Government Fees = Target (out-of-door) Price

5. Finally, select the make & model to see which local dealership will offer the best deal for your new car. We invite you to share your shopping experience with us after the purchase, your feedback will be posted to help others. Thank you for visiting!

*Ref Link:,com_fron

About the Author

Everyone ask for the best new car deal in town, but we simply don't know what the lowest price is! is dedicated to find the lowest new car prices. We receive hundreds of "vehicle purchased price" & list the best new car bargain daily. Car buyers will no longer have to negotiate blindly & save thousands of dollars on any new car.

Written by: Team

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