My Car Buying Experience

This Article On My Car Buying Experience Was Written By Bob Vogel

If there is anything I have done recently that most people dread doing it is purchasing cars.  In the past 4 months I have purchased/financed 2 vehicles and some of you may think I am a glutton for punishment, but I will tell you that if you know what you’re doing, you can actually enjoy this process.  I am not saying this is Disneyworld type of fun, but who doesn’t like sticking it to the man once in a while?

Car Buying Experience: Type Of Vehicle

So I was looking to get rid of my gas guzzling suburban and for my growing family, I knew I needed to get a minivan.  This would allow for us to have ample space within the vehicle and additional cargo space for strollers, groceries, etc.  In this newer vehicle I wanted to make sure it had a back-up camera as well as a rear entertainment system with DVD player.  After looking at all the new vans that are available, there was no way I was going to be able to afford a $35,000+ vehicle to get exactly what I wanted.  So after figuring this out, I knew we had to start looking for used vehicles.  I was looking to spend around $300/month so this would put us around the $20,000 range.  Almost immediately the Honda’s and Toyota’s were off the table as for 2-4 year old vans, they still wanted $25,000-$35,000 and this was with an insane amount of miles.  As much as I didn’t want to, I had to change courses and look at the domestically made vehicles.

Car Buying Experience: Value Versus Price

Let me be the first to tell you I am not a fan of Dodge minivans, I never have been and never will be.  Let me explain why I bring this up.  When I was looking for price efficient vans, I was noticing that Volkswagen was reasonably priced.  The more I looked into them; I started noticing that there were some Dodge/Chrysler features to them.  A quick Google search later and I found out this was a Chrysler chasis with VW trim and features.  VW made this van from 2009-2014 and this is another reason why a “German” vehicle was so cheap was the fact it was discontinued.  The good part was there wouldn’t be a need to worry about repairs and parts since most parts could be found through Chrysler.

Car Buying Experience: Options On Vehicles

After deciding that I could get this van for a decent price with most or all of the options I desired, I finally locked in on one that I wanted to buy.  It was a 2012 with 32,000 miles and it had just been reduced from $24,995 to $21,995.  I went to look at it, test-drive it, and run my credit.  Everything seemed good to go, the only hang-up was the price.  This is where buying a vehicle in the 21st century pays off in the fact the entire negotiation was done through text messages and emails.  I was at dinner going back and forth with my sales rep and my wife had no clue what I was doing.  I didn’t want to tell her until we could go in and sign the papers.  After going back and forth and threatening to walk away numerous times, I got them to bring the price of the vehicle down to $19,400 and put a brand new set of tires on the vehicle.  Knowing the deal was in the bag, I sprung it on my wife that I had purchased her a new vehicle.  She was totally caught off-guard and couldn’t believe what I had just pulled off.

Car Buying Experience: Auto Loan

We made our way over to the dealer to sign all the documents and I had obtained a 3.24% 72 month loan and my payment was $306 per month.  When I arrived at the dealer, I was done with all the paperwork and on my way back home in less than an hour.  Since all the negotiation was done electronically, I wasn’t wasting my time going back and forth while the dealer plays games.  All in all, I was really happy with my experience purchasing a vehicle this way.  If I can give 1 bit of advice, get your credit pulled ahead of time so you know exactly what you’re working with.  After this, communicate electronically.  Dealers are still in the business of selling cars, so if the price works, you will get your vehicle and hopefully save some hassle as well!

About The Author: Bob Vogel

Bob Vogel is the Editor In Chief for Gustan Cho Associates Mortgage And Real Estate Information Center and Chief Moderator And Administrator for Lending Network USA , the nation’s largest real estate and mortgage lending online community where real estate and mortgage professionals as well as consumers all gather to exchange information and ask questions and real estate experts offers professional advice on their areas of expertise. Bob Vogel is also a licensed mortgage loan originator and is always looking in hiring talented goal motivated individuals for mortgage loan officer positions. If you are interested in a career as a mortgage loan officer , please contact Bob Vogel at 847-529-7920 or you can email Bob Vogel at Bob.Vogel3@gmail.com.

The information contained on Gustan Cho Associates website is for informational purposes only and is not an advertisement for products offered by The Gustan Cho Team @ Gustan Cho Associates or its affiliates. The views and opinions expressed herein are those of the author and/or guest writers of Gustan Cho Associates Mortgage & Real Estate Information Resource Center website and do not reflect the policy of Gustan Cho Associates Lenders Network, its officers, subsidiaries, parent, or affiliates.

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