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Every Day Supply Chain – Tips on Buying a Car

Let’s use supply chain or an event that many of us don’t like – buying a car.  There are supply chain managers whose job is to purchase vehicles so this is an area SCM can definitely help.  Below are various tips when buying a car.  First thing is to do your research.  Know as much about the car and prices as possible.  Here is a quote that sums things up.  Even if you don’t think you have supply chain experience you do.  “Supply chains are everywhere. From the biggest company in the world to running your household. We all have SCM experience even if we don’t know it.” ~Dave Waters.

Tell a car salesman THESE 10 things to get the best deal in 2021

How to Negotiate a Car Deal (And Save Big)

11 FAKE FEES: DO NOT PAY at Car Dealerships – by AUTO Expert

If you are in the market for a new car, there are a few tips that you can follow to help negotiate the lowest price:

  1. Research the market: Before you start negotiating, it is important to do your homework and research the market to determine the fair price for the car you are interested in. This will help you to determine what a reasonable price for the car should be, and give you a baseline to work from when negotiating with the dealer.
  2. Don’t be afraid to walk away: If you are not able to negotiate a price that you are comfortable with, don’t be afraid to walk away from the deal. There are always other options available, and sometimes it is better to wait and negotiate with a different dealer or consider a different car altogether.
  3. Consider financing options: If you are financing your car, be sure to shop around and compare rates from different lenders. This can help you to get the best deal on your financing and potentially save you a significant amount of money over the life of the loan.
  4. Negotiate the total price: When negotiating the price of the car, it is important to focus on the total price, rather than just the monthly payment. This will help you to get a better overall deal, as the monthly payment can be adjusted to make the car seem more affordable, but the total price of the car will not change.
  5. Don’t be afraid to negotiate: Finally, don’t be afraid to negotiate with the dealer. Most dealers are willing to negotiate on the price of the car, and you may be able to get a better deal if you are willing to be firm and negotiate. Just be sure to be respectful and professional, and be prepared to walk away if you are not able to get a price that you are comfortable with.

Negotiation Training

Quotes about Buying a Car

  • “Although the quality of the vehicles is tremendously improving year after year but the underlying reasons that people are buying cars have really gotten focused. It’s for high quality vehicles, reliable, fuel-efficient, and safe of course.” ~Alan Mulally
  • “Nobody wants to buy a $60,000 electric Civic. But people will pay $90,000 for an electric sports car.” ~Elon Musk
  • “Buying a car used to be an experience so soul-scorching, so confidence-splattering, so existentially rattling that an entire car company was based on the promise that you wouldn’t have to come in contact with it.” ~Susan Orlean
  • “If a car deal says to take the deal now or it won’t be available just leave.” ~Dave Waters
  • “A survey has shown that the average man has had sex in a car 15 times. Something to keep in mind next time you’re looking for a used car.” ~Jay Leno
  • “When buying a used car, punch the buttons on the radio. If all the stations are rock and roll, there’s a good chance the transmission is shot.” ~Larry Lujack
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