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Employee Pricing from Auto Manufactures; Scam or a Sweet Deal?

by: Peter Humleker

With all the employee pricing being hyped and advertised
on the media I thoughtI would write a short article on the
subject. I have also gotten a lot of questions in emails about the subject.

Here�s the deal: Employee pricing is the lowest price you will
ever be able to purchase a vehicle for period.

Employee pricing is usually several hundred dollars below
invoice.

So how is the auto dealer making any money selling at employee
pricing?

It�s simple� They are reimbursed from the auto manufacture.
For example General Motors gives $1500 to the dealer for every
car sold at employee pricing.

When you combine employee pricing with the rebates your getting
the very best deal possible.

Obviously the dealer is still going to try and up his profit
margin in several other ways.

If you are trying to trade in a vehicle then the dealership is
going to try and offer you even less than he normally would.

Because of employee pricing everyone and their brother is
buying a new car right now and the dealerships are stuffed with
used car inventory. Therefore unless they can �steal� your
trade they are really not that interested in taking in another
used car in their inventory.

If you want to buy a car at employee pricing then this would be
the best time to try and sell your trade in vehicle yourself
and save yourself the headache of muddying the water with your
employee price purchase.

The other question I get asked a lot lately is, �How do I know
I am getting the actual employee pricing?�

They are doing national advertising for employee pricing and it
is coming from the auto manufacture. When the actual auto manufactures come out with an incentive program the dealers
must adhere to it! If they tried to be dishonest and sell you
the car you want above the employee pricing they would be
in extreme hot water with the manufacture, could lose their
franchise, and get sued.

Therefore you don�t have to worry about not getting the actual
employee price if it is advertised. The only time the numbers
can get skewed is when you throw in your trade vehicle which
you owe money on. Again, this is why I encourage you to sell
your vehicle yourself.

Last but not least, just because there are great deals at
employee pricing does not mean you should go out and buy a new
car. If you can�t afford the car or the payments then it does
not matter how good a deal you got.

You�re still putting yourself in financial hardship. Think
before you buy!

About the author:
Peter Humleker is a former General Manager
of an Auto Dealership and a Consumer Advocate.
He is the author of Auto Dealer Executive Breaks
�Code of Silence!�

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More Article Pages 1 - 2

Used Car Buying Tips
by: Steve Gillman

Some of these used car buying tips won't be new to you. Often the trick is just to apply what you already know. On the other hand, when it comes to expensive areas of life like buying a car, one new thing learned can save you hundreds of dollars. Try some of the following.

1. Make a low offer. Okay, you knew this one. A trick you may not have used, though, is to make a low offer, and then leave your phone number with the seller. Time has a way of making sellers desperate, especially after you just helped convince them that they are asking too much.

2. Be careful with car price guides. Use the "blue book" etc, but try not to pay more than wholesale. I can't think of many times when people I know have paid more than "bluebook," so these "average" sales prices are doubtful.

3. Talk to people. This is one of the simplest and effective used car buying tips. Just let friends, family and others know you're looking for a car. Quite often people would be happy to avoid the whole process of advertising and showing their car if they could just get rid of it by giving a good deal to a friend.

4. Check out the engine. Have a mechanic look at the car, and tell you what it's likely to need in the next year or so. Then make a list, so the seller can see in writing why you are offering less than he wants.

5. Auctions. See if there is a public auction in your area. If not, maybe you can go with a dealer friend and give him a $100 to buy a car for you.

6. www.carfax.com. It's around $25 to run vehicle background checks for a month - long enough to find your next car. They'll show the chain of title, accident reports for the car, and even safety and reliability scores for that model.

7. "Ugly" cars. Watch for cars that sit on the lot for months. Dealers will often sell these "ugly ducklings" at a loss just to move them. Again, you may want to leave your phone number with a low offer.

8. Rental company cars. They are sold fairly cheap when they get the new ones in. Buy at bluebook wholesale or less, because they have had many different drivers, so they've more wear than normal.

9. Repos. Credit unions and some small banks do their own selling of repossessed cars. You usually bid on paper, maybe with a $50 deposit, and then get your $50 back if you're not the winning bidder. If they don't sell their own repossessions, ask where they are sold.

10. Consider gas mileage. High mileage may be better, but maybe a car that costs $500 less will use only $400 more gas in the two years you expect to own it. Do the math.

Use the tips here the next time you are shopping for a used car. Meanwhile, why not learn a few negotiating strategies. This helps in many areas of life, and is the most important of these used car buying tips.

About The Author

Steve Gillman has been hunting down obscure knowledge and useful secrets for years. Learn more and get a free gift at: http://www.TheSecretInformationSite.com

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