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Car Buying Guide for Cars, Trucks and SUVs | Auto Cheat Sheet

Cars Details: New cars are a high-ticket item, new car sales account for over half of the total gross sales at the dealer. Gross profits hover around $2500 per car, but from a net-profit standpoint, new car sales generally lose money. However, additional products and dealer strategy makes up the rest of the average.

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How to Estimate Used Car Cost on a Dealer's Car | Auto

Cars Details: Unlike new cars, used cars do not have an invoice. Each used car must be looked at on an individual basis. Dealers buy used cars from auctions, wholesalers, rental companies, or acquire them through the dealerships as trade-ins. Figure a dealer’s true new car cost here. Dealer’s make internal cost sheets for each individual used car.

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Certified Pre-owned Used Car Scam | Auto Cheat Sheet

Cars Details: Cars Direct – CarsDirect has been providing new car, used car, and auto finance related services and information to car buyers online since 1998. With well over a million used cars listed on their site, you are guaranteed to find the vehicle you’re looking for. Motor Trend – is one of the best kept secrets on the Internet. Best known for

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Best Online Car Buying Sites to Get Car Dealers to Compete

Cars Details: Calculate a new car fair profit offer – Calculate new cars fair profit to guarantee you are not overpaying on your new car. Best time to buy a new or used car – Best time of the day, week, month, and/or year to buy a vehicle from a car dealership.

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Calculate a New Car Fair Profit Offer | Auto Cheat Sheet

Cars Details: For example, the bonus could be $25,000 for selling 25 Nissan Sentras within a month, and I only have 23 sold with a few days left. I don’t mind losing a couple thousand dollars to make sure the store gets the bonus. I’ve also sold cars for a loss that have been sitting on the lot getting old.

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Dealer Holdback | How to Figure New Car Holdback | Auto

Cars Details: 789 = New cars sold in the first quarter 2% x Holdback percentage to dealer. (Average of $650 per vehicle sold.) $512,850 = Quarterly payment to dealer. The amount could be higher or lower depending on the dealership and the percentage they receive. $512,000 may seem like a lot of money, but it is very expensive to run a new car dealership.

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Factory Invoice Pricing is not a Car Dealer's New Car Cost

Cars Details: Many car buyers believe a new car’s factory invoice is the bottom line a dealer will sell a new car for, this is not true! Car dealers want you to believe this myth, but the truth is, hundreds of cars are sold well below a new car’s invoice price every day. If you want to see for yourself, just pick any car you’re interested in buying and follow the steps in my article on how to get car

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Rebuilt Title Used Car Scam Exposed | Auto Cheat Sheet

Cars Details: Rebuilt title or branded title cars are vehicles that have been theft recovered, in an accident or damaged in a way to where an insurance company decided to replace the vehicle for the customer because repairing the car would be too costly. The car then receives a salvage or branded title.

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How Car Salesman Get Paid | Car Salesman Commissions

Cars Details: Depending on the pay plan, some dealers will set the front end commission at a flat 25% no matter how many cars are sold. Other dealers may set commission rate to something like this, 15% for the first 5 cars sold, then bump it to 20% at 10 sold, then 25% at 15 sold, 30% at 20 and 40% for 25 cars sold or more.

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Car Dealership Didn't Pay off Your Trade-in Dealer Scam

Cars Details: Cars Direct – has been in business since 1998 and has all the right tools to help you find your next new car. They offer a no-hassle experience from configuring a car to making the final purchase. View all car buying tools; Recommended sites for online car shopping.

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Dealer Added Options Car Dealer Scam | Auto Cheat Sheet

Cars Details: Calculate a new car fair profit offer – Calculate new cars fair profit to guarantee you are not overpaying on your new car. Best time to buy a new or used car – Best time of the day, week, month, and/or year to buy a vehicle from a car dealership. How the dealer added options scam works.

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Trade-in Value Car Dealer Scam Exposed | Auto Cheat Sheet

Cars Details: Their huge dealer network allows you to shop, research and compare millions of new cars so you can find the exact vehicle you're looking for. Go to Edmunds Now >> MotorTrend is one of the best kept secrets on the Internet. Best known for their automobile magazine, MotorTrend has a vast dealer network across the nation.

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Dealer Prep Fee Car Dealer Scam Exposed | Auto Cheat Sheet

Cars Details: 225 cars sold x $595.00 dealer prep fee = $133,875.00 additional profit. What if they don’t get everyone to fall for the excessive fee? Let’s say half of the people refused to pay the fee and they only sold 127 new cars with the added charge. The dealer will still make an additional $75,565 for the month.

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Best Time to Buy a Car to Save the Most Money? | Auto

Cars Details: For new cars, most of the dealer incentives and customer rebates are released from the manufacturers during the first few weeks of the month. So, you may miss out on these discounts if you buy a new car too early in the month. Check to see if there are any current rebates and/or dealer incentives on the vehicle you want to buy.

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How to Find Used Car Price Quotes Online | Auto Cheat Sheet

Cars Details: With well over a million used cars listed on their site, you are guaranteed to find the vehicle you’re looking for. 1,000,000+ used cars for sale. Free, no-obligation used car price quotes. Easy-to-use vehicle search engine. Exceptionally good deals are highlighted. Thousands of in network dealers.

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New Car Buying Tips That Will Save You Money | Auto Cheat

Cars Details: Tuesday and Wednesday are weekly sweet spots for buying new cars. These days combined with yearly sales cycles and dealer rebates equal an exceptional value. When is the best time to buy a car? Negotiate by email. Control the situation by negotiating with car dealerships by email.

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Trade-in Tips and Secrets to Trading in Your Car With a

Cars Details: Junk cars are essentially vehicles that are old and/or damaged enough that selling it for parts would be more cost effective than spending money on repairs. A dealer will give you pennies on the dollar, so what do you do? How to sell an old junk car. Research. Compare. Find.

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Bait and Switch Car Dealer Scam Exposed | Auto Cheat Sheet

Cars Details: However, the dealer does have several cars similar to the one advertised, at a higher price of course. How the bait and switch scam works A dealer will advertise their most stripped, no frills, cheapest new SUV in the paper at a payment that requires you to put 25% down, with A+++ credit, at a 72 month term.

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How to Negotiate a Used Car's Price | Auto Cheat Sheet

Cars Details: Used cars do not have a factory invoice and don’t use invoice pricing so this makes it a little trickier on where to start the negotiation process. You don’t want to start haggling a used car’s price by just blurting out numbers in hopes the seller will discount the price. Researching the market and estimating the true value of the

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How to Read a Vehicle Identification Number | VIN Decoder

Cars Details: A vehicle identification number, VIN for short, is a distinctive serial number used by automotive manufacturers to identify each individual motor vehicle.Vehicle identification numbers were first used on motor vehicles in 1954

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Fleet Manager Car Dealer Scam Exposed | Auto Cheat Sheet

Cars Details: These salespeople are in charge of selling cars and trucks in bulk to businesses, rental agencies, construction companies, utility companies, etc. When selling cars to these types of companies, the fleet managers have the power to discount and sell vehicles at rock bottom, discounted prices.

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Ryde Shopper Review - Do They Provide Great Prices? | Auto

Cars Details: Ryde Shopper keeps it simple by focusing on finding you the best prices in your local area.You will not find a lot of car reviews, ranking and best of reports on their website. Keeping the process simple also means the site lacks a few features or functions some car buyers might find useful.

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New Car Rebates, Cash Back and Finance Incentives Explained

Cars Details: Calculate a new car fair profit offer – Calculate new cars fair profit to guarantee you are not overpaying on your new car. Best time to buy a new or used car – Best time of the day, week, month, and/or year to buy a vehicle from a car dealership.

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Life Cycle of a Professional Car Salesman | Auto Cheat Sheet

Cars Details: Cars Direct – has been in business since 1998 and has all the right tools to help you find your next new car. They offer a no-hassle experience from configuring a car to making the final purchase. They offer a no-hassle experience from configuring a car to making the final purchase.

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Spot Delivery Car Dealer Scam Exposed | Auto Cheat Sheet

Cars Details: Cars are made of metal, and I promise you the manufacturers will produce more. Take your time and make good buying decisions when purchasing your next automobile. What auto finance sites can help? MyAutoloan - will shop the best loan rates for you. You submit one free, no-obligation car loan quote through their secure web site and within

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Typical Day in the Life of a Car Salesman | Auto Cheat Sheet

Cars Details: Arrive at the dealership, open up cars, move cars to display areas, blow up, and display balloons or banners. 8:15 am. Go to morning meeting for the “pump up speech” by managers (or yelled at for the poor performance from the day before, you just never know).

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Straw Purchase Car Dealer Scam Exposed | Auto Cheat Sheet

Cars Details: Their huge dealer network allows you to shop, research and compare millions of new cars so you can find the exact vehicle you're looking for. Go to Edmunds Now >> MotorTrend is one of the best kept secrets on the Internet. Best known for their automobile magazine, MotorTrend has a vast dealer network across the nation.

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Negotiate with Car Dealerships by Email | Auto Cheat Sheet

Cars Details: The general idea behind automobile new car price quote sites is for you to submit a request for a quote, pick the lowest one, and go to the referred dealer and buy your new car. 95% of the time when you receive a discounted price quote from an online company such as Ryde Shopper, Motor Trend, and Cars Direct it’s a pretty good deal.

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How Much Money Should You Put Down When Buying a Car?

Cars Details: I’ve seen people finance cars with $0 down for as long as 84 and 96 months to get their payments into an affordable range. These people do whatever it takes so they can drive a certain car they want. Personally, I believe that’s crazy! Extending your term out 72, 84, and even 96 months is just asking for trouble.

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How the Trade-in Process Works at a Car Dealership | Auto

Cars Details: The used car appraisal process may vary slightly at each dealership, but the principles of the trade-in process are basically the same. The entire process normally takes anywhere from 15 to 30 minutes depending on how busy the used car manager or appraiser is at the time.

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Addendum Sticker Car Dealer Scam Exposed | Auto Cheat Sheet

Cars Details: Cars Direct – has been in business since 1998 and has all the right tools to help you find your next new car. They offer a no-hassle experience from configuring a car to making the final purchase. They offer a no-hassle experience from configuring a car to making the final purchase.

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Guaranteed Credit Approval Car Dealer Scam Exposed | Auto

Cars Details: Trade-in value - estimate your cars worth – Estimate and find the value of your trade-in vehicle while avoiding scams. Used car price quotes online – Finding local used cars for sale online, getting car dealerships to send free, no-obligation used car price quote.

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How to Research and Compare New Cars Online | Auto Cheat Sheet

Cars Details: The internet makes it easy to research new cars online and it can quickly be done from the comfort of your computer or mobile device. You will avoid driving from dealership-to-dealership, dealing with pushy salespeople. And the last thing you want to do is spend a bunch of money on a vehicle you hate to drive every day.

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0% Interest Auto Loans Available Car Dealer Scam Exposed

Cars Details: Their huge dealer network allows you to shop, research and compare millions of new cars so you can find the exact vehicle you're looking for. Go to Edmunds Now >> MotorTrend is one of the best kept secrets on the Internet. Best known for their automobile magazine, MotorTrend has a vast dealer network across the nation.

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Car Salesman Slang, Lingo, Terms | Auto Cheat Sheet

Cars Details: Ace –Term used to describe a customer that signs on the first offer.Usually very profitable for the car dealership. Ad-Buyer, Paperboy – Lingo used to describe a car buyer that walks into a car dealership with a print copy of the latest car advertisement in hand and is looking to buy a car at the price advertised. Addendum – An addendum is a sticker is an additional sticker posted near

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How to Properly Test Drive a Used Car | Auto Cheat Sheet

Cars Details: Cars Direct – CarsDirect has been providing new car, used car, and auto finance related services and information to car buyers online since 1998. With well over a million used cars listed on their site, you are guaranteed to find the vehicle you’re looking for. Motor Trend – is one of the best kept secrets on the Internet. Best known for

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How to Estimate Your Trade-in's Value | Auto Cheat Sheet

Cars Details: With that in mind you can go to the used car sections of sites like Ryde Shopper and Cars Direct to search for your current car. Whatever the list price is, discount the car about $2,500 and that will be a pretty good estimate on your vehicles value BEFORE any reconditioning or repair costs.

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Deferred Down Payment Car Dealer Scam | Auto Cheat Sheet

Cars Details: The deferred down payment scam is another technique used in many new and used car dealerships. This scam is used a lot in buy here pay here dealerships and is commonly used on people who have less than perfect credit history.

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36 New Cars With Monthly Loan Payments Under $300 a Month

Cars Details: There are several brand new cars that can be financed for under $300 a month. Vehicles such as the Honda Civic, Kia Soul, and Jeep Patriot to name just to name a few. Below is a list of 36 vehicles that are not only affordable, but are also some of the most popular cars of 2015.

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New Car Buyer's Guide for Cars, Trucks and SUVs | Auto

Cars Details: The way dealerships sell cars hasn’t changed much over the past decade. However, the way people buy cars has. A few short years ago if you wanted to buy a new car. You’d have to waste all day visiting one dealership after the next, spending endless hours looking at vehicles and haggling with salespeople in the hopes of receiving a good deal.

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Forced Extended Warranty Car Dealer Scam | Auto Cheat Sheet

Cars Details: With the price of new cars, this explanation is starting to become more popular when attempting this scam. The lender is requiring you to purchase an extended warranty because of the extended term of your requested car loan. If you refuse all back end products – If you refuse to buy back end products from a finance manager.

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How New Car Price Quotes Work Online | Auto Cheat Sheet

Cars Details: On certain cars you may get only a minimal discount or no discount at all depending on the vehicle’s demand and popularity. You can only get one price quote at a time. You must fill out a separate quote to get more than one car’s price. Always confirm the price quote you receive is on the specific car you requested.

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How to Find Vehicle History Reports for Used Cars Online

Cars Details: Buying a used car can be a cheaper alternative than buying a new car.However, to keep yourself from making a costly mistake you should have the vehicle inspected by a professional mechanic and review the vehicle’s used car vehicle history report to make sure you don’t a car with underlying problems.

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How to Avoid Buying a Flood Damaged Car | Auto Cheat Sheet

Cars Details: Flood damaged cars can be found anywhere cars are sold. You can find them on little corner lots or at big franchise dealerships. Keep in mind, the person selling the car might not even know it’s been in a flood. I’ve seen many flood vehicles in my career, I’ve even accidentally bought a few by mistake. There are a few tell-tale signs of

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20 Cars That Will Make It Past 200,000 Miles | Auto Cheat

Cars Details: iSeeCars, a website dedicated to help used car buyers research, compare and find great deals on used cars, analyzed over 30 million used vehicle listings from the past year to determine which used cars and trucks are most likely to pass the 200,000 mile mark. If you want to surpass 200,000 miles with a car, your best chance to do so is with the

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Slasher Sale Car Dealer Advertising Scam Exposed | Auto

Cars Details: Some of the good companies out there may sell up 80 cars or more making the car dealership $150,000.00+ in profits in only a 3 day time period. The company that staffs the event will normally get a percentage of the total profit made from the cars sold. Another reason you should be very cautious when attending one of these types of events.

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CarsDirect Review - Do They Provide Great Prices? | Auto

Cars Details: Cars Direct is packed with powerful tools and features that will help you find your next car at an exceptional price. Search by the car attributes important to you, negotiate your deal and buy online. This is the way online car buying should be. Search by specific characteristics.

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Negotiate With Car Dealerships by Fax | Auto Cheat Sheet

Cars Details: At one time negotiating price with a car dealership by fax was the best way to get huge discounts on new and used cars without ever having to step foot into a car dealership. Negotiating by fax is basically doing the same thing as you would through email, just slower.

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Complete Car Warranty Review - Are They Worth it? | Auto

Cars Details: Complete Car Warranty provides auto warranty coverage for up to 60% off dealership prices. This is a valuable asset when negotiating warranty prices with a dealership and safety net against expensive car repair costs.

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Best & Worst New Car Brands for 2016 | Auto Cheat Sheet

Cars Details: This score was used to determine which auto brand makes the best cars. The auto brand to rise to the top was Audi. Audi had an overall score of 80, with a road-test score of 83. Their predicted reliability for the brand is better-than-average and the percent of test models recommended are at 100 percent.

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