When purchasing a new car it is always very easy to be swept away in the excitement of it all and want to take delivery as quickly as possible. To do this it is simply a matter of agreeing on the price of your new car and signing the necessary documents for a new car loan. All done and dusted. But just how much more have you paid for your new car and your new car loan because of your "want it now" approach?

Probably more than you think. Car dealers can be very persuasive and once they feel you are sold on a car then there is little hope of a reduced price or a very competitively priced new car loan. Here are a few tips when you are looking for a new car:

o Don't go to the dealership with the expectation or desire to buy "today". Check out the internet first to see just what the price range is for the vehicle you are looking for.

o Speak to a mortgage broker or a lease broker to see what connections they may have with new car dealerships. Surprisingly, a mortgage broker can not only access good new car finance but also has negotiating "clout" with a number of new car dealerships. Most new car dealerships have monthly volume targets which when reached result in large bonuses being paid by the new car manufacturer. As a direct purchaser you will not be privy to this information but where the mortgage broker has built a good relationship with a new car dealership he or she will undoubtedly be able to negotiate a better new car price for you - unless of course there is a waiting list for the particular car you are after. Even in this situation you may find that you will be able to achieve a better price - a Sydney based client recently ended up purchasing a new car through a mortgage broker where the car was sourced out of Wollongong (dealer wanted the sale to reach his monthly target). The new car was delivered straight to her Sydney home.

o If you are not absolutely set on a particular new car then find out what the re-sale value is of similar model cars when sold say 3 years later or at the expiration of your new car lease and new car loan. It is generally accepted that most new cars diminish in value by up to 15 % the moment you drive it out of the car yard. To ensure you retain value in your new car and that the residual value after 3 or 5 years under your new car loan will be met from the sale proceeds as a "used" car, it is imperative to check the sales history of the car / model/ manufacturer. It can be disheartening to find that when you eventually sell the car you do not realise a price that allows you to pay out the residual under the new car finance.

o If your cash flow allows it, try and keep the residual to as low a figure as possible. This negates the likelihood of there being a shortfall between the used car sale price and the residual value under your new car loan. If you maintain your car well and have it serviced on a regular basis then there remains the possibility that when you come to sell you actually realise more than the residual value under the new car loan - this should be a non-taxable profit in your hands.

Mark Bona is the managing director of My Choice Finance, the company is a mortgage broker offering new car finance and new car loans.

There once was a time, almost twenty years ago, when the only way to find out the fair price for a new car was an arduous task. A new car shopper had to gather Sunday newspapers, drive from car dealer to car dealer, and haggle, haggle, haggle. Even then, the only price the buyer had was the price regional auto dealers were willing to give. How were they to know if they had the best possible price? How were they to know if car shoppers just a few cities over were getting better deals or not? The only way, would be to somehow contact other people who purchased the same new car, or drive several miles to explore the pricing of other car dealerships.

Fortunately, today's car buyers live in a completely different market. In many ways, new car pricing is in the hands of the buyer. With the invention of the Internet, and the incredible access it gives modern shoppers to information, today's car buyer should be as informed as the local dealer when it comes to cost, hold-backs, incentives, financing, and dealer profit margin. There is no reason a buyer should test drive a new car without already knowing the absolute best price they can get.

So, is this online new car information accurate? Are online car prices legitimate? Can a buyer trust the information so freely served up on hundreds of car shopping websites around the country? The answer: Possibly.

The truth is, about 95 percent of all online car shopping sites are really just lead aggregators. Modern web technology makes it simple to build a car buying site that is loaded with model specifications, new car builders, and fairly accurate pricing data. The trouble is, they pull the consumer in with all the fancy gadgets only to collect personal information, submit it to their lead aggregation database, and then resell their visitors' personal info to hundreds of advertising and marketing firms, or to the major car buying sites.

So how does a modern car buyer find accurate information and pricing without sacrificing their privacy, or worse, ending up in the databases of hundreds of advertising agencies? The answer is really simple. Stay with the trusted sources. Do not enter your personal data into a form on a car shopping site unless it is known to be a trusted authority in the auto industry.

There are many trusted authority sites in the auto industry. All of these can be classified into two categories: Dealer Lead Suppliers or Consumer Negotiation Advocates. Dealer lead suppliers include sites from the automakers themselves, dealership websites, and sites such as Autobytel.com, KBB.com, Edmunds.com, NewCars.com, etc. Consumer Negotiation Advocates include sites like CarsDirect.com, AutoSeek.com, and others. Of course there are major differences between these two types of sites.

Dealer Lead Suppliers serve up a lot of information for car shoppers. Sites like Edmunds.com and KBB.com are jam packed with model specifications, trim and color options, and much more. TrueCar.com goes as far as showing visitors real-time car deal data from dealerships throughout the country. By tracking vehicle registration information, they publish extremely accurate new car pricing information. However, by serving up this wealth of "inside" information that used to be reserved for auto industry insiders, they are in actuality trying to compel you to do the one thing that generates them cash: complete an online purchase request form.

By giving car buyers unprecedented access to new car information, Dealer Lead Suppliers are able to entice millions of visitors to complete online new car price request forms. The data collected by these forms, predominately the visitor's contact information and buying preferences, is then sold to local new car dealerships, automakers, and auto finance companies. After completing the form, the car shopper should expect several phone calls from regional salespeople. Therefore, Purchase Request Form equals Calls from Regional Salespeople.

Consumer Negotiation Advocates have an entirely different business model. On the front-end they appear almost identical to Dealer Lead Suppliers. Like the other types of sites, they serve up unprecedented new car information. They give model specifications, trim and color options, and exceptionally accurate new car pricing data. And, like their competitors, they too want to compel the visitor to complete a new car price request form.

However, the Consumer Negotiation Advocates have a different use for the data collected by the forms on their sites. Instead of selling this data to car dealerships or manufacturers, they want to either keep the data or sell it to regional car brokers. The majority of these types of sites sell the data collected by their forms to brokers. Car brokers then contact local dealerships and negotiate on behalf of the car buyer. Many car brokers are long-time industry insiders and have tools at their disposal to help them drive down sales prices, increase trade-in values, and reduce finance costs. As their name suggests, they work as advocates for buyers throughout the deal process. The sites that do not sell data collected by their forms conduct the car broker services themselves.

For the most part, new car prices online are accurate. In many ways, they are more accurate and more informed than pricing sources that existed prior to the creation of the Web. In exchange for publishing access to better information, sites that tout new car prices online hope to gather personal contact information and buying preferences from their visitors. Their primary source of revenue is either the sales of data collected by forms on their sites, or car broker services.

Therefore, before a visitor completes an online Purchase Request or New Car Price form, they should consider the ensuing result. Do they want calls from local dealer salespeople? Do they want to haggle with the dealership themselves? Or, do they want a person with extensive industry knowledge and experience to act on their behalf throughout the process? The best deals, by a slight margin, are the result of the negotiating skills of Consumer Negotiation Advocates. Either way, a well informed, modern car shopper will get a better deal and more accurate new car pricing than buyers of the past.

David Ruebush writes articles about new car price trends, new cars, and the auto industry for iwantacar.com

There are two types of cars that a buyer could purchase. Most buyers would prefer to buy the used version while some of them would want to purchase the brand new ones. These car finders have their own reasons for selecting one of the available options and one of these is the budget involved on the actual purchase. Those with lower budgets would usually resort to the idea of buying used cars since these vehicles are sold at lower prices.

What they don't know is that buying previously owned cars is very risky. They might end up regretting their used car purchase since these vehicles are not that reliable. In addition to this, buying a new car offers a lot of benefits that are not found on the used ones. To encourage new car finders to buy new cars, this article provides the most common benefits that are obtained from doing this and these are provided below.

1. Lower vehicle ownership cost

One of the most significant benefits that a car finder could achieve when he decides to buy a brand new car is the reduced ownership cost. Not all buyers know that buying a brand new car is more affordable compared to buying a pre-owned one, most especially on the long-term basis.

Yes it is true that a new car model has a higher purchase price, but this requires lesser maintenance and fuel expenses. Due to this, a new vehicle owner is saved from excessive maintenance expenses. In addition to this, new cars have better fuel-economy compared to a pre-owned version and this is considered as a good source of savings.

Given this situation, a buyer might spend more money in buying a new car, but this would eventually pay itself off since he will no longer worry about the car's maintenance cost for the first few years.

2. Best safety features

Another advantage that buying a new vehicle could provide is the opportunity to own a car with the best safety features. Recently produced cars are usually manufactured with the latest safety gadgets and tools that ensure the safety of the car occupants. Car makers make use of the most advanced safety gadgets on new cars and these are very advantageous on the part of the buyer.

Used cars on the other hand may not be able to provide the latest safety mechanisms since car makers are upgrading the safety capabilities of their vehicles each year. This simply means that older car models sold as used vehicles are not as safe as the brand new ones.

3. Availability of warranties

Finally, buying a new car is beneficial since car dealerships offer warranties for this type of vehicle. This means that whenever a new car gets damaged the dealership would handle the repairs, the replacements needed, and the expenses involved.

In short, the available warranty for each new car helps the buyer from incurring additional expenses from vehicle repairs. This could help the car owner increase his savings and use this in other vehicle-related expenses such as the auto financing premiums.

Marty Bay is an Automotive Journalist and publisher, widely known as a contributor writer, editor, and publisher for some well-known Automotive Properties in the US like Car Finder, Auto Financing, and AboutCar to name a few. His expertise is in writing news and publishing content that would help new car finders, and buyers seeking information about auto financing and other new car related offers, deals, and changes in the industry. He also specialises in producing and publishing New Car Buying Guides for various automotive websites in the United States.

For more information on how to buy a car, try to visit the Car Finder website.

Some very wealthy people have never bought a new car in their lives. With so many super-low mile used cars out there, what's the point of paying thousands more for a few less miles?

Then there are those who refuse to buy used, regardless of their financial situation. They would rather buy a brand new beater than get into a high quality vehicle that has had someone else behind the wheel.

After all is said and done, it really comes down to personality and goals when deciding between new and used cars. The 20/20 rule applies - 20 percent of people will never buy new, while 20% of people will never buy used. For the other 60%, this article is for you.

Selection

Between huge dealer inventories, the option of dealers trading and bringing in a vehicle from another dealership, and custom ordering becoming more popular, the selection factor goes hands down to new cars.

For popular vehicles, it is definitely possible to find a used car. The internet makes it simple for someone to search around the corner or across the country for that perfect used car. Still, it's nothing compared the options available with new.

Price Matters

Even in today's ultra-competitive new vehicle market where MSRP has been replaced by Invoice as the starting mark for price negotiations, a car still loses 10%-20% or more of its value the moment it hits the street.

Low mile used cars a year or two old can be dramatically less expensive than its brand new counterpart. There are exceptions - Honda, for example, tends to lose less off the top because they rarely have rebates and their reputation is very strong.

Other than the few exceptions, a used car is normally dramatically cheaper than a new one.

Interest Rate

For the 95% of us who borrow money and make car payments, interest rate becomes an issue. New cars are less of a risk for the lender, so their bank rates are lower than on a used car. The manufacturer loan divisions make it even more appealing to buy new with 0% financing available on most vehicles at some point after their release.

Two or three points against a $30,000 loan can mean big money on a 4-6 year note. For shorter loans, the rate is less important.

Loan Term

While the rate is normally lower for new cars, the term is usually longer. A prudent buyer can get the same payments on a used car that they can get on a new car, only for fewer payments.

There is also the option of extending the term on a used car purchase to the length of a new car. Vehicles last longer. There are loan companies that will extend a note to 6 or more years on a 3 year old vehicle because they expect it to still be running after that amount of time. In those cases, the payments can be much cheaper than on a new car.

Peace of Mind

Going back to the new car smell, the new car knowledge is very appealing. A rough driver who doesn't do car maintenance and likes to drive 90 mph in their Kia Rio can really hurt a vehicle, even with low miles. When you buy a used car, you take the risk of getting that car and not knowing the bad things it went through for months until it starts having problems prematurely.

Equity

Vehicles are not like homes. They depreciate, regardless of what happens to the market. Some depreciate less than others, but no matter what, every day makes it worth less than the day before.

Used cars have already absorbed the initial depreciation and are closer to leveling out on the depreciation scale. The first 2-4 years of a vehicle's life result in a loss of up to 75% of its original value. In the first couple of years of a standard 5 year note, it is nearly impossible to trade in a vehicle that was bought new with no money down and not have negative equity.

With used cars, it is still difficult, but not nearly as hard as it is with new cars.

Final Thoughts

How often you trade, how well you negotiate, and the make and model of the vehicle you buy will determine a lot regarding the pros and cons of a new or used vehicle. Prudent buyers will seek out dealerships such as Used Cars Oklahoma City to help determine which is best.

If there is no local dealership that is trustworthy enough, do the research online. Check out Kelley Blue Book for new car values and

San Diego Used Cars - San Francisco Used Cars to compare used car prices.

Information is the key to making a good decision, whether you buy new cars or used cars.

J.D. strives to bring good advice to the people. Whether they are buying a car or wanting to be a better parent, J.D. offers insight and experience that can be used to help.

He also works as a freelance writer and SEO for several automotive websites, including including Used Cars Oklahoma City,

San Diego Used Cars

If you are lucky enough to be looking for a new car then make sure that before signing up for the new car and the new car finance you check out the price competitiveness and the options available for a new car loan.

While most buyers believe they are in the box seat when negotiating the purchase price of a new car and the terms of a new car loan the reality is that more often than not a better deal can be had if you step back and check out your options thoroughly. Purchasing a new car is an emotional experience and unfortunately all too many people set their sights on a new car, are not too concerned about the new car finance, thinking that a new car loan from one source will be much the same as the terms of a new car loan from another source.

Let's consider the new car price. If you are negotiating with a dealer you obviously hope that you will do better than the marked price on the car. This may be so, but you are not negotiating from a position of power because you do not have any inside knowledge about the dealership and its sales volume. Why is this a factor when purchasing a new car? Most if not all dealerships operate on a bonus system whereby significant large bonuses kick in from the car manufacturer once a target monthly sales figure is reached. You may well get a better sale price on that new car if you purchase towards the end of the month when the dealership knows that your car sale will be critical in its achieving its targeted sales volume. Experience also demonstrates that if you negotiate your new car finance through a broker you may also be able to negotiate a better price on the new car. A good lease or mortgage broker (mortgage brokers almost always operate in the new car loan space as well) will have connections with the motor trade through which they may well be able to secure a better price on your new car and also provide you with as good or better terms on your new car finance. I recently purchased a new car and saved myself $2000 on the best price I could negotiate with a dealer by using a mortgage broker who also had access to competitively priced new car finance.

I won on both counts. I obtained a new car loan that was at a better rate than the new car finance offered by the dealer. What I found interesting is that with many new car loans the actual interest rate is not disclosed. The monthly repayment amount on the new car loan is but this can be manipulated to suit your means. The monthly repayment amount depends on the term of the new car loan and the residual value on the new car loan as well. Financiers invariably work on what you can afford and then tailor the repayments on any new car loan accordingly. This may make sense but want you may not realize is that the interest rate applicable on the new car finance may not be competitive.

Every dollar that goes out of your pocket is important - don't put yourself in a position where you pay more for your new car than you need to or find that your monthly repayment on your new car loan means that you are paying say $40 per month more than you might have, had you checked alternative funding sources for your new car finance.

Mark Bona is the managing director of My Choice Finance, the company is a mortgage broker offering new car finance and new car loans.