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Learn... Plan... Buy a Vehicle!

Steps to Vehicle Purchase
  Step 1 - Review your budget
  Step 2 - Determine your down payment
  Step 3 - Price your trade-in
  Step 4 - Check loan rates
  Step 5 - Research your vehicle choices
  Step 6 - Check out your vehicle choices
  Step 7 - Get competitive bids
  Step 8 - Prepare for the purchase
Calculators
  "How much vehicle can I afford?" (Wachovia)
  How much will my monthly payments be? (State Farm)
Tools
  "How much will the insurance cost? " (InsWeb)
  "How much will the insurance cost? " (Insurance.com)
  Check current lending rates at Bankrate
  Research your car (Edmunds, MSNAutos, or USAToday)
  For a used car, check its history at CarFax.com
  Visit online lenders at E-Loan and Capital One Finance
Get competitive bids

The best way to find the cheapest price on a new car is to get competitive bids from several dealers in your area. The first place to start is with the Web sites of various local dealers. If you visit the manufacturer's website, they will have a list of the local dealers and their websites. You can then check their inventory online, and many of the dealers also list their sales prices along with any local incentives (rebates or special financing). Second, you can visit the dealers and ask the sales manager how much above or below the (factory) invoice price he or she is willing to go. Make sure the sales manager knows that you will be taking bids from other dealers. For more information on this technique, see "How To Get A Great Deal On A New Car." Third, you can use the services at Edmunds and other Web sites to request online quotes from multiple dealers in your area. Finally, if you'd rather not take the time to try all of these options, you can pay $190 to have someone else do the negotiating for you at CarBargains.

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