2. 2 10 TOP CAR BUYING TIPS for STUDENT DRIVERS and PARENTS! By
Sarah Lee Marks Personal Car Dealer www.mycarlady.com
3. 3 Start with a PLAN 1. Homework Rules and Objectives. 2.
Picking the Right Car New vs. Used. Insurance. 3. Budget checklist.
4. Cash Auto loan Lease? 5. Kicking tires. 6. Total cost and Hidden
expenses. 7. Contracts. 8. Registration. 9. Service. 10.
Warranties.
4. 4 Do your homework FIRST ! Go online, library, and at the
dealership. www.NHTSA.gov, www.edmunds.com, www.autobytel.com,
www.kbb.com, www.fueleconomy.gov, www.dealershipwebsite.com
Consumer Reports, Car & Driver magazines. Collect product
brochures.
5. 5 MAKE A COMITTMENT: TEEN PARENT CONTRACT. GPA Curfew SAVING
for down payment. LAWS and liabilities. DRIVECAM.com GPS-Buddy
Electric Fence
6. 6 BEFORE U TEST DRIVE: CALL the INSURANCE AGENT. Get prices
on your 3 top picks. CALL competing insurance companies. Ask about
GPA and student driver forgiveness programs. Make sure the
insurance company has not increased the bill for a student driver
while he/she is on a learning permit. ADD GAP to the insurance
coverage of any FINANCED vehicle the student is driving. Nevada law
states you must have full coverage insurance when you have a loan
or lease on a vehicle.
7. 7 BUDGET CHECKLIST MONTHLY PAYMENT: ___________ Monthly GAS:
__________ Monthly Insurance: ___________ Monthly Registration:
_____________ Service maintenance: _____________ Total:
_____________ DOWN PAYMENT: ___________ (rebate) TRADE-IN Value:
___________ Student Monthly income: 10.00/HR x 15 hrs. per wk =
$150.00/100.00 after taxes. X 4 wks. = $400.00 CAN YOU AFFORD A
CAR?
8. 8 TALK ABOUT CREDIT Good, or Bad Credit 90% can still get a
car loan. First Time Buyers no bad credit of any kind. Recent
College Graduate holding a degree from a college/university or 2
yr. professional school can get a new car loan in their OWN NAME,
without a co- signer.. Down Payment matters!
9. 9 CREDIT APPLICATION DO NOT GIVE YOUR SOCIAL SECURITY NUMBER
OUT UNTIL YOU ARE READY TO BUY!
10. 10 The HIGH price of cars New: Whats in the car:
MSRP=Sticker Consider the standard features and model package co$t
between brands. Add up the dealer add-ons: Window tint, pinstripes,
Video player, Chrome rims. Factory warranty= calculate the value.
New vs. Used; What makes sense for you?
11. 11 VS. PREOWNED THINGS TO LOOK FOR WHEN SHOPPING FOR A USED
CAR: CRAIGS LIST: NO PAYPAL. CHECK IT OUT: Take the car to an
independent mechanic. MIS-MATCHED PAINT WORN PEDALS Door, Hood,
Trunk Alignment Magnet Test Over-Spray Smells SALVAGE, REBUILT,
TOTALLED on the Title. Clunks, Squeals, Screeching or Whistling
when you drive.
12. 12
13. 13 DEALERSHIP VISITS. LIMIT your Test Drives to 3 a
day-your top three choices ? Make a test drive appointment, be sure
the car is still there. Listen to the car. Compare handling, line
of sight, comfort. Look the car over carefully before you leave.
SUVPS: SAFETY, UTILITY, VALUE, PERFORMANCE and STYLE. ?
14. 14 The Price is not the Price? DEALER FEES: Documentation,
Vehicle Theft, Desert Protection, Prep. TAXES and Registration.
EXTENDED SERVICE CONTRACTS. GAP protection. EXTRA BLING: Sirius/XM,
LoJack, Rims, DVDs.
15. 15 TRUE STORIES Reputations and Reviews
www.RATETHEDEALER.com XXXXXXSUCKS.com GOOGLE: XYZ Dealership
PROBLEMS DEALERATER.com: Cars.com YELP WHEN READING REVIEWS Read
between the lines. Did the reviewer only rate 1 dealership, and
badly. How did the dealership respond? Some review websites insist
on payment from dealers to provide the latest reviews. Ask your
friends, not strangers. Consider the source. make your own
judgment.
16. 16 BUYER BEWARE! My salesman told me I ran a CarFAX report
I thought it had a The NV Lemon Law will protect me! ESL Dont
understand something? 3 Day Right of Rescission ? Elderly
protection. Dont mess w/Grandpa.
17. 17 AFTER THE SALE BUT we had a contract! WE OWE or DUE
BILL? Get all promises in writing. RE-SIGNING for a different
payment, more money down or a different car. Problems in the first
30-90 days? Bring it back to the dealer
18. 18 MY PROMISE TO YOU. Before you buy your next car email
me. Advice is FREE with MyCarlady. [email protected] Ill help
you get the straight answers, no hassles and the best deal.
19. 19 Sarah Lee Marks 25+ yr. veteran of the Automobile
industry. Author, Television and Radio talk show host; CAR CHAT.
Certified & Licensed Automotive Sales Executive. 1st woman
honored for Sales Excellence by Lexus 1991. Founder of SMARTeen
DRIVER Car Care Clinics
20. 20 Thank you! Sarah Lee Marks Aka: MyCarlady 25+ years in
the car business, I love helping people get a great deal! Follow me
on FB at Mycarlady-sarahlee Twitter: Mycarlady Instagram:
Mycarladysarahlee