Mike Brewer tries to strike a deal when he does some intense haggling for some used cars in this Wheeler Dealers compilation.
For more info:-
Follow us on Twitter
London International Classic Car Show - TV Special
For many years London's Alexandra Palace hosted this annual event in early
spring, it marked the beginning of the season in the classic car show
calendar. In this half hour programme, former BBC 'Top Gear' and Discovery
Channels 'Wheeler Dealers' and 'The Garage' Producer/Director Jamie Langton
(Follow on Twitter @JamieLangton) presents this unique look recorded not
long before the shows final demise.
How to Negotiate a Car Deal -- Edmunds.com
Subscribe for the latest Edmunds.com videos:
Phil Reed gives you some tips on how to negotiate for your next car.
More Tips and Advice:
Watch More Videos on Edmunds.com:
Edmunds Mobile: http://www.edmunds.com/mobile/
Some essential advice before buying a used car according to Mike Brewer Wheeler Dealers
" If you're in a market for a used car you might want this old Ferrari 308.
They aren't just folding. There are a few things that you should do if we
set off to go and buy a car. The first of which is to use your phone, maybe
your landline or your mobile phone, and phone with data service. Somebody
like HPI or the AA, and they can give you all the information you would
need to know whether the car is pretty involved in any accidents, whether
the police have got an interest, but more importantly, if it's got any
finance outstanding. Now, the only information you need to give him is a
registration number of a car. And if you can, get the chassis number of the
owner as well. That way, you can find out that the car you're buying is
genuine rather than setting off to go [unk] in the first place. All it cost
is the same price as a tanker fuel, and it's the best money you'll ever
spend. Secondly, when you arrive to go and see the car, make sure that the
car has not been previously rammed before you got there. What I mean by
that is put your hand on the body, although dirty on this Ferrari, or look
can be stupid because the engine on this car is down the back. So, when I
do get to the car, I can put the key in ignition and see if there's any
nasty fumes or black smoke coming out the Exhaust pipe. Now, the other thing to do is when
you do go and see a vehicle, make sure that the paperwork tallies to the
place where you're actually standing. You'd be amazed of the amount of
people who buy a car from the petrol station or from a pump carpark. What
you should do, is when you go and see a vehicle, make sure that the
paperwork says you'll stand in the barn any town. Make sure you all stand
in at the barn any town to come and see the car. That way, you know that
you're buying a genuine car of a genuine owner. Now, when you do finally
get there, and you've checked that it's not been previously rammed, you're
standing in the right place, and you've done your days check, don't let
your heart rule your head because you can't get carried away, especially
with something as evocative as this lovely 308 GT4. You want to make sure
that you've got yourself a price and stick to it. Don't go above it;
otherwise, you could end up to shell your money out forever in a day to
keep that thing on the road. If the car has got any outstanding finance,
then make sure you speak to the finance company before you go to see the
vehicle and find out what that settlement figure should be. That way, you
can give the owner the balance of the vehicle that you've agreed to
purchase it from, and send the settlement figure directly to the finance
company. That way, you know it's been paid. Other than that, happy
The World's Fastest DeLorean - /TUNED
What happens when you throw a very large and power Grand National motor
into a 30 year old legend like the DeLorean? Thats what Matt Farah finds
out on this week's episode of TUNED
Wheeler Dealer Mike Brewer Renault Clio £50 Car Challenge
Car Dealer Magazine challenges Mr Wheeler Dealer Mike Brewer to trade up
from this £50 car for charity. Read about the £50 Car Challenge every
month in the FREE Car Dealer magazine iPad App. Download it here:
How to Negotiate when Buying a Car
See what you can learn on the go with the new Howcast App for iPhone and
Watch more How to Buy a Car videos:
Subscribe to Howcast's YouTube Channel - http://bit.ly/uLaHRS
A car salesperson can't talk you out of your hard-earned cash without your
cooperation! When buying a car, take charge of the negotiation by preparing
Howcast uploads the highest quality how-to videos daily! Be sure to check
out our playlists for guides that interest you:
Subscribe to Howcast's other YouTube Channels:
Howcast Dance & Entertainment Channel - http://bit.ly/vmB86i
Howcast Family Channel - http://bit.ly/16dz9oH
Howcast Food & Drink Channel - http://bit.ly/umBoJX
Howcast Personal Care & Style Channel - http://bit.ly/vbbNt3
Howcast Sports & Fitness Channel - http://bit.ly/vKjUjm
Howcast Tech Channel - http://bit.ly/rx9FwR
Howcast Video Games Channel - http://bit.ly/tYKKrk
Howcast empowers people with engaging, useful how-to information wherever,
whenever they need to know how. Emphasizing high-quality instructional
videos, Howcast brings you experts who provide accurate information in
easy-to-follow tutorials on everything from makeup, hairstyling, nail art
design, and soccer to parkour, skateboarding, dancing, kissing, and much,
Step 1: Determine the amount
Question your credit union about a loan before talking to a dealer to
compare rates. Find out how much cash your credit union will approve. This
helps you limit the price range of cars you look at and test drive.
Step 2: Research invoice price
Go online to research the invoice price -- the amount the dealer pays the
manufacturer -- before starting negotiations. While you're at it, check out
any rebate information and hidden incentives for the dealer. You gain the
advantage by doing your homework.
The minimum dealer profit is usually around 3 percent.
Step 3: Examine four-square numbers
Don't be fooled by the dealer's four-square information -- a worksheet the
dealer will present you with when you sit down to negotiate that maps out
purchase price, down payment, monthly payment, and trade-in value. Doing
your own math prevents them from fudging numbers. Determine the interest
rate and loan term before you arrive at the dealership to accurately
project your monthly payments.
Step 4: Know what monthly payment means
Resist negotiating based on monthly payments alone, without contemplating
the swelling interest rate or stretched loan term. Monthly payment results
from the down payment, loan term, and interest rate.
Step 5: Play the game
Play the game as well as they do. Be surprised that they can't give you a
better offer, even if the terms and price are reasonable, just to see if
you can move them. They want to create pressure to close you now, but you
have time that they don't -- use it.
Don't tell one dealer what another's quote was. You need their respect --
demonstrate that you deserve it.
Step 6: Drive the bargain
Tell the salesperson you will discuss an acceptable trade-in price for your
old car, but first must have a satisfactory price on the new car. Drive the
bargain when negotiating, impressing upon them you can sell it yourself for
more than they'll pay you.
Step 7: Prepare to walk
Prepare to walk out if you are not handled respectfully or the price is too
outrageous. In fact, with some due diligence, cut to the chase and play
hardball -- tell the dealer your price and expect a yes or no.
Step 8: Expect fees
Expect an onslaught of fees and extras just when you think you're done.
Some fees are unavoidable, but many can be easily bargained down or
avoided. Virtually all extras are unnecessary and overpriced. Throughout
the negotiation process, use your knowledge and the research you've done to
get the best deal.
Did You Know?
Preston Tucker started a new car company on the back of his 1948 Tucker
model. This company manufactured just 51 cars before failing in 1949.