This article is a summary of a YouTube video "How to work a car deal and WIN!" by Mike's Car Store

How to Negotiate the Best Car Deal: A Comprehensive Guide

TLDRLearn how to negotiate the best car deal, regardless of your level of experience. Discover the key factors to consider, such as safety, performance, affordability, comfort, and dependability. Research online before visiting a dealership, and negotiate the price and financing separately. Be prepared and confident in your negotiation process.

Key insights

💡Negotiating a car deal is a responsibility that falls on the buyer.

💰Understanding your budget and payment options is crucial before beginning the negotiation process.

🔍Conduct thorough research online to gather information about safety, performance, affordability, comfort, and dependability.

🤝Negotiate the price of the car separately from the financing options.

🧠Be knowledgeable and confident during the negotiation process to ensure a successful outcome.

Q&A

Is it better to negotiate the price of a car in person or remotely?

It is recommended to negotiate the price of a car remotely, through phone, text, or email, to avoid pressure and to ensure you are well-informed during the negotiation process.

What factors should I consider when researching a car?

Consider factors such as safety, performance, affordability, comfort, and dependability. Determine your wants and needs based on these factors to find the right car for you.

Should I negotiate the price and financing together?

No, it is recommended to negotiate the price and financing separately. Negotiate the price of the car first and then focus on securing the best financing options.

How can I be confident during the negotiation process?

Thoroughly research the car, know your budget, and be prepared with your wants and needs. This knowledge will give you confidence during the negotiation process.

Can I negotiate a car deal even if I have no prior experience?

Yes, negotiating a car deal is a skill that can be learned. By conducting thorough research and being well-informed, anyone can have a successful negotiation.

Timestamped Summary

00:00Learn how to negotiate the best car deal, regardless of your level of experience.

00:26Negotiating a car deal is a responsibility that falls on the buyer.

01:40Understanding your budget and payment options is crucial before beginning the negotiation process.

02:35Conduct thorough research online to gather information about safety, performance, affordability, comfort, and dependability.

04:05Negotiate the price of the car separately from the financing options.

06:31Be knowledgeable and confident during the negotiation process to ensure a successful outcome.