Monday, January 29, 2018
Fastest Way To Buy A Car
Friday, January 19, 2018
IS YOUR LIFE AVERAGE? Best Motivational Videos Compilation Ever
#NeverSettle
#Greatness is inside of you!
#Garyknowscars
Tuesday, March 29, 2016
10 Reasons why you should lease a Car
10 Reasons why you should lease a Car.
Hello I am Gary Reed, you probably have heard of me or seen me in the Automotive Social Media Groups, I am always communicating with my fellow Auto Industry folks, where we share information on what's going on in the Auto industry as well as offer advice, and staying up to date. My tagline is #garyknowscars. As an automotive-insider I know how the business works very well. When people find out about my connection with the auto business they ask me two questions;
1) “How do I get a good deal on a car?”
and
2) "Should I lease or should I buy?”
Leasing actually answers both questions.
Leasing almost guarantees you the best deal in today's automotive industry.
Almost everyone would be better off leasing a car because of the way the industry is today - almost no one should buy a car.
Here are ten reasons why you should lease rather than buy:
1) Use it and lose it. A car is a piece of machinery. It is simply a piece of equipment used to get where you want to go. There is no valid reason to own a car, the thing you want to do is simply use it and then get rid of it.
2) Control of cost. With leasing, you are able to control the cost of your usage based on time and distance. By leasing, you can get in and out of a car limited to how much you use it. Those that put high mileage on a car (contrary to popular belief) should lease as the user can exact the cost of usage.
3) Better deals. The deals are almost always better on leases. The way to get the best deal on a car is to work the manufacturer, not the dealer. The dealer doesn’t control the best deals the manufacturers do. When Honda wants to take market shares from Toyota, for example, they will increase the residual of a particular model thereby reducing your monthly cost. I show an example with Infiniti below where Infinity has aggressively set residuals to make them more competitive. To make this work you can’t get emotional about a particular name but look for the best LEASE DEAL.
Almost everyone would be better off leasing because of the way the industry is today.
4) Lease depreciating assets, don’t own them. There is no reason to own a car or anything for that matter when you know it’s going to go down in value. The argument against this is when you lease you will have a payment forever. That's right, and when you own you have payments that are unpredictable. The perfect lease would be 24-36 months (shorter the better) and get out before there are issues not covered by warranty and before models change.
5) The lease agreement protects you against future loss. A lease is like putting a stop on a stock or getting life insurance. The lease protects you from the downside of eroding market conditions. If the future value of the car were to depreciate more than anticipated because of new models, abundant inventories, or a failed economy you are protected against future downside with a lease.
6) Don't believe the fantasy of ownership. Pay to use the car, not for some fantasy of ownership. There is no reason to pay for the future value of the car. You are paying to use a car not for its value in the future.
7) Never worry about selling or trading your car in. At the end of the lease cycle, you simply turn the vehicle in. The dealer will take a report of its condition and as long as there is no damage or excessive wear and tear or mileage you are done with it.
8) Bigger tax deductions. The write off's on leases are almost 6 times larger than ownership. For a business owner who owns a car, the write-off is limited to fifty-four cents for every mile you drive the car for business. So 10,000 miles would equate to $5400 and the interest on the loan. If you leased the same car and used it 100% for business you could write off 100% of the lease payment with no limits.
9) Stay dynamic. Get in and out quicker for less money down and a lower cost per month. Traditionally you can get into leases for less money down and less monthly cost.
10) Leasing is easier and quicker. Because the manufacturer believes that leasing makes for the possibility of renewing a customer on a receptive loyalty program (repetitive purchases) they make everything easier and quicker. And the dealer loves to lease again for the same reasons.
Please feel free to contact me,
CallGaryReed.com
garyknowscars@gmail.com
#garyknowscars
Thursday, November 26, 2015
Going to the Dealership to Test Drive a vehicle(s)
You can’t put it off any longer—a trip to the car dealership is in your near future. But how can you be sure that hunk of metal, plastic, and rubber you’re eyeing is right for you? How can you best acquaint yourself with what will be not only one of your largest investments but also a trusted, long-term companion in your everyday life? A test drive, of course. Making the most of it is a simple matter of common sense, careful observation, and knowing what to look for. Read on for how to prepare yourself for this all-important experience and what to keep track of when taking a new car out for the first time.
Do Your Homework
Don’t wander onto the lot to see what cars are available. By the time you show up at a dealership, you should already know what model(s) you want and what options you are interested in. Do your research ahead of time—our online buyer’s guide is a handy tool—and make the initial trip solely for the purpose of getting behind the wheel. Additionally:
• Drive your potential candidates back-to-back on the same day so you can make a proper comparison.
• Consider bringing a friend along to keep the salesperson occupied and point out things you might overlook.
• Although you should press to take the vehicle home overnight—as many dealers now allow—to get comfortable with it and see if it fits in your garage, at least make an attempt to come back at night to observe how well the headlights perform and how well the interior is illuminated.
Getting Acquainted
Once you’re at the dealership, let the salesperson know you want to drive the vehicle(s) you have in mind and then you’ll be comparing models and prices at other showrooms. Doing this should allow you to better focus on your prospective ride while communicating to the dealer that you’re prepared to take your business elsewhere if an attractive offer can’t be made.
• Because certain options and powertrains can greatly alter the feel of a vehicle, it’s important to drive the particular model and trim level you intend to purchase. If your dealer doesn’t have the powertrain you are looking for, wait, or find one that does. Take your time, and thoroughly go over the car, taking notes and analyzing how the vehicle looks in the metal versus in photographs.
• Although turning the key and mashing the throttle might be your first inclination on a test drive, instead walk around the vehicle and inspect it thoroughly.
• Observe how certain features might become irritating in day-to-day use, such as inadequate storage cubbies and cup holders, as well as a trunk that is difficult to operate or has an opening that is too small or too high. (Are the running boards necessary, or are they just going to dirty your pant leg for more money?)
• The driver’s and front passenger’s doors may be large and easy to open and close, but also examine the ease of entry and exit for rear-seat occupants, including ingress and egress to the third row of seats, if applicable, and how difficult it is to install a child seat.
• Are the rear seats adjustable, comfortable, and sufficient in size, and do they fold down for greater cargo capacity?
• Remember to review the vehicle’s safety features, such as the number of airbags, active-safety electronics, and adjustable seatbelts.
• If children will be riding in the vehicle, bring them along and let them evaluate the separate controls and amenities in the back seat (if they’re old enough to drive themselves—and you’ll actually let them—you probably should get them behind the wheel, too).
• Take note of the vehicle’s fit, finish, and general build quality. Examine certain items that serve as bellwethers for overall craftsmanship, including the quality of the sun visors, glove box, and seat upholstery, as well as the operation of the shifter and how soundly the doors close.
• Find out if the vehicle takes premium or unleaded gasoline—or if it’s a diesel and requires unique maintenance procedures.
• If it’s a convertible, how easy is it to raise and lower the top, and how much storage room is sacrificed when the top is stowed?
• For larger vehicles, you’ll probably want to review towing features and capacities and trailer-hitch type and height, as well as ensure that the proper trailer-electrical connectors are preinstalled at the factory or can be handled by the dealer.
• For pickup trucks, how heavy is the tailgate, and what options are available to improve the usability of the bed?
Going for a Spin
Now you’re ready to climb behind the wheel. Get situated, and take stock of how well the primary controls are laid out. Ergonomics can make or break a good car, and because we spend most of the time inside our vehicles, automakers are putting ever-more effort into differentiating interiors with more style, the latest technologies, and unique layouts.
• Are the primary controls easy to use (is the clutch too hard or the steering too heavy?) and adjustable enough for you and other potential drivers to be comfortable? A telescoping steering wheel and adjustable pedals can be a big benefit in this regard, as driving position is determined by not only the driver’s physique but also things such as the height of the dash and seats, the driver’s distance from the steering wheel—which should be about 12 or more inches—and the ease with which the infotainment system can be operated.
• Are the front seats comfortable and supportive (not too soft or hard)?
• Are there sufficient gauges, readouts, and display screens that are easy to view and operate?
• Don’t forget to check the climate-control system and how effectively it pumps out hot and cold air.
• As electronic gadgets play an increasingly important role in our daily lives, the vehicle’s human-machine interface should be scrutinized. Bring your iPod along to check how good the stereo sounds, along with how easy it is to control the device once it is in sync with the entertainment system.
• Are Bluetooth wireless, Wi-Fi connectivity, and voice activation offered, and how well do they function with your mobile device?
• Is there ample room to conveniently place your gadgets while driving?
• Is the navigation system intuitive to operate and accurate in its directions?
• If the dealership won’t let you borrow the car for the night, tell the salesperson you’ll get a better feel for it if you go out alone, without any distractions. If he insists on coming, make it clear that you want to drive the vehicle on your terms and experience it on multiple road surfaces and at varying speeds—don’t be coerced into a quick jaunt around the dealership on ultra-smooth roads. Here are some additional tips if the dealer questions your motives for wanting to drive the car.
• See if the vehicle has enough power to safely merge with highway traffic and if the brakes have a solid, reassuring feel to their operation—but forget about doing your Sebastian Vettel impression for the salesperson.
• Take several corners to evaluate the vehicle’s composure when abruptly changing direction over rough surfaces as well as how smoothly the transmission operates when driving spiritedly.
• Take the time to learn how to park the vehicle. Can you exit with the doors only partly open? How tight is the turning radius? Is the front end so low it scrapes on parking curbs? How difficult is it to parallel-park?
• Visibility, or lack thereof, is another factor to consider when behind the wheel. High-style sheetmetal often means a higher beltline with small, gun-slit windows and compromised outward visibility. Observe how well you can see out in all directions, particularly through the rear window. Does the vehicle have dangerously large blind spots, and if so, does it have blind-spot monitors for assistance?
• How much road noise protrudes into the cabin? Do the tires drone so much they could lull you to sleep on a long road trip? How much wind noise is there, and does the air buffet and rush into the cabin with the windows open?
Reflect On Your Drive
The salesperson knows the best time to make a deal with you is when you return from a test drive, when the new-car smell is still fresh in your nose. But don’t be swayed. Kindly avoid the salesperson’s attempts to lure you back to his or her desk, and instead go see what the rest of the dealership experience is like. As you’ll eventually have to return for service and/or parts, see how well these departments work with you and what the prices are for basic services. At this time you also should review your prospective vehicle’s maintenance schedule.
• How long are the recommended oil change intervals?
• What are the terms of the warranty, and what parts are covered?
• Is replacing expensive performance parts something you’ll have to deal with while you still own the car? Many cars now come standard with upgraded performance brakes and high-performance or run-flat tires. Although these features may be a critical element to a vehicle’s dynamic personality, they are expensive to replace and might require frequent maintenance. Make sure you know what you’re getting yourself into.
Once you’ve finished the test drive, go through the process with the other vehicles on your list, leaving time afterward to reflect on each vehicle and which one suits you best. Only after this should you return to the showroom and start the buying process. This level of preparation does not guarantee that you’ll love your new car forever, but it is due diligence for a major purchase and will likely make you more confident in your final decision.
Thursday, October 15, 2015
The New Modern Car Buying System
The internet killed the car business. Then, it built it right back up. We live in a world of retail transparency, shopping from the couch, and uber-competitiveness. Shoppers have the ability to get great deals every time they shop for a car and that has translated into a major shift in the way they're sold.
That's not to say that there are no dealers or salespeople out there who still try to mislead people into paying too much or buying the wrong car, but the paradigm that gave the car business a bad name in the 70s and 80s has been shifted to one where the majority of dealers believe in creating an incredible buying experience rather than an aggressive one.
The modern sales process at car dealerships has evolved to assume that the customers are well-prepared with information about the vehicles, their pricing, and the values of their trades. They often come in with an idea of what rate to expect, what discounts are available, and how hot a particular vehicle is. This is important to both the consumer and the dealership because it can streamline the process and make it easier for the transaction itself to go more smoothly.
It isn't just the abundance of information that has shifted the way that cars are sold. Word of mouth has always been important in the industry, but the rise of review sites, social media, and the ability that people have to communicate with the local masses has allowed car dealers to adopt a more favorable stance. They don't just want to sell more cars. They want their customers to be happy with their purchase. The manufacturers are paying more attention to customer satisfaction and they often use these statistics to grade the dealership as a whole. These grades can determine a dealership's standing in their market and can have an effect on their bottom line through favorable allocations and increased profit potential on the back end.
If anyone is getting a "raw deal" in the can business, it's usually the dealership itself. As consumers, we don't blink an eye when buying a couch or a shirt that brings in 50% or more profit to the retailer, but car dealers often struggle to make 4% off of a vehicle sold. I'm not suggesting that they don't make money, but it's not the easiest business to operate in America today.
When you're in the market for a car and you want to put up your defenses, remember that your best defense is information. They aren't out to get you. They just want to do business with you. It's better to go in armed with information and a good attitude rather than falling into the old style of being adversarial and skeptical. They aren't your enemy. You want to buy a vehicle and they want to sell one. Your goals are aligned.
Tuesday, October 13, 2015
Best Family Car Tires
All-Season Tires
Performance All-Season Tires
All-Season or Performance All-Season Tires?
Winter Tires
Why Tread Life Tire Warranties are next to useless
How It Works
The Fine Print
- You have to have kept your original receipt, with your car’s odometer reading at the time of purchase, and whatever warranty papers came with the tires.
- If there was a recommended tire-rotation interval, say every 5,000 miles, be ready to supply written documentation for each of those services.
- The wear must also be absolutely even across the tread. If your tires ever got misaligned, or were under- or over-inflated so the wear isn’t quite uniform, there goes the warranty.
- All this has to happen within a specified time frame, say four or five years.
The Final Gotcha
BEST NEW CAR DEALS OCT 2015
Best new car deals
Save money on Consumer Reports' recommended cars
2016 Chevrolet Impala
| Model | MSRP | Invoice price | Incentive expiration date | Potential savings below MSRP |
|---|---|---|---|---|
| 2016 Chevrolet Impala 2LTZ | $36,365 | $35,121 | 11/2/2015 | 5%+ |
Sunday, September 27, 2015
Do you really need a AWD Vehicle?
Do You Really Need AWD in the Snow?
Automakers have long boasted that all-wheel drive is all you need to get your car through winter’s fury. Our exclusive tests tell a different story.
It took almost 700 feet to stop from 60 mph in the snow on all-season tires.
What did our tests show?
What’s the Difference Among Drive Systems?
All-Wheel Drive
Good for: Seamless acceleration in slippery conditions. Needs no driver intervention to engage.
Four-Wheel Drive
Front-Wheel Drive
Rear-Wheel Drive
Drawbacks: If the road is too snowy or icy, the rear wheels will slip and you’ll get stuck. Rear-drive cars tend to spin out in snowy or icy conditions. Winter tires are recommended.
Monday, August 10, 2015
How to buy your first car
Owning a car brings fabulous freedom but also tremendous responsibility.
Be ready for significant expenses beyond the purchase price: You’re also on the hook for, fuel, maintenance, repairs, insurance, and taxes. Here we lay out some strategies for getting behind the wheel as painlessly as possible. And remember, because a key element of driving includes sharing the road responsibly, see our guide to teen driving safety. What can you afford?
Establishing a reasonable budget is critical. The money you have available for a down payment and potential for making monthly installments on a loan will determine your car choices. (See our picks for best cars for teens.) As a young driver, you are probably budgeting for college or other educational pursuits, so it is important to work with your parents to set a realistic target. In doing so, consider whether this is a car just to see you through high school or whether it will be your traveling companion through college. That distinction will determine how new and reliable the car must be. No question, the best way to save money is to buy used. By purchasing used, you can buy more car, meaning you could afford, say, a midsized sedan rather than a tiny econobox. A new car loses almost half its value in the first five years, on average but has more than half its useful life left. Letting someone else take the depreciation hit is a smart bet. But try to buy the newest car you can, in order to get the most up-to-date safety features.
As a teenager, financing will be a challenge. Lenders are typically looking for adults with a good credit score, steady employment history, and financial assets, such as a five-figure bank account or a house. In most cases, that will mean a parent will have to act as a co-signer or even take the loan in their own name. A loan is a business agreement based on a lender charging interest for you to borrow money. The lower the interest rate and shorter the loan period, the less extra you pay in finance charges. The best solution may be to borrow from a family member, repaying them a fair interest rate that they would have seen from their savings account. That would save paperwork, keep the money in the family, and hopefully allow payment flexibility. Do your homework With a budget in mind, now comes the fun part: creating a short list of target vehicles. Focus on practical choices—cars that will minimize ownership costs and suit your needs for the next few years. To right-size your costs, resist the temptation to target sporty, luxury, or large vehicles. They can be costly to maintain and insure, and tend not to get good fuel mileage. The last thing you want is to raid your college fund to cover car costs. Instead, look to small sedans and hatchbacks from mainstream brands, or even better, midsized sedans. It can be tempting to lust after a high-horsepower car or one with the latest-and-greatest high-tech features, but be practical. Money may be made from trees, but it sure doesn’t grow on them. The insurance company will penalize a young driver in a sporty car; big engines cost more to fuel and maintain; and gee-whiz features tend to carry reliability risks. Plus, financed new cars will command higher insurance premiums to cover collision protection. It may not be fun to hear this, but simple is best. To reduce the risk of purchasing a trouble-prone vehicle, identify models with a good reliability record before you begin shopping. Consumer Reports collects data on more than a million cars a year to present reliability information covering the past decade. Such data can point you to cars that have been shown to hold up well over time. Reliability is a key factor, as it speaks to potential costs and inconvenience. Read online reviews of the cars you’re considering from both automobile publications and owner forums. Balance the different perspectives against your preferences, and use the feedback to highlight aspects that warrant closer attention. For instance, complaints about the seat comfort or ride quality can be evaluated on a test drive. Your opinions may differ from those held by others. And ultimately, it is you who will live with the car. Inspect and test-drive New cars are presumed to be consistent performers. (For example, each new Honda Civic is expected to drive like any other.) A casual inspection can confirm the car is truly in “new” condition. However, with a used car, every example has led a different life. Some may have been pampered, others abused, potentially by a teenager just like you! The best used cars tend to be owned by a trusted friend or family member who can share details of the car’s history. When shopping used, try to bring a car-savvy adult along . Carefully look the car over inside and out, top to bottom. New or used, always inspect during daylight hours when paint flaws that may indicate repairs or other troubles can be readily spotted. Essentially, you’re looking to ensure the car is in the condition claimed by the seller. For used cars, the real trick is having the car inspected by a professional mechanic. They will usually charge for the service, but it can be money very well spent.
Negotiate like a pro If the car looks good, then it's time to talk numbers. When negotiating a car purchase, it is essential to have an experienced adult to assist. A professional car salesperson knows all sorts of ways to push people into buying just about anything for the highest possible price. That is, after all, their job. As charming as salespeople can be, remember that they aren’t really your friend. Most car shoppers are outmatched during that phase of car buying. (Think of how competitive your grandparents are with video games, and you get the idea.) Rest assured, a first-time buyer doesn’t have a chance when going solo. If you’re buying from a private seller, negotiation is more straightforward. Research online what the current wholesale price is for the car based on its condition, mileage, and location—that is your target. Closer the better, and bonus points are awarded for getting an even better deal. A used-car lot or dealership will focus on the retail price, again easily found online, including on our car model pages. Chances are, they bought the car for much less, taking it as a trade-in or picking it up at a wholesale auction. They need to make a profit, of course, but your attitude should be that their most profitable deal of the day isn’t going to come out of your skin. The goal remains to get as close to the wholesale price as feasible, though in reality, you’ll probably end up in between the two figures. If financing, pre-arrange a loan so that you know what the interest rate and loan term will be. If the dealership can beat what you arranged for yourself, great. If not, then you’re still covered. You can use an online calculator to figure out what your payments would be, based on the expected purchase price and down payment. The salesperson will probably focus on monthly payments, as that enables them to sneak in added profit by stretching out the term of the loan. Monthly payments may look enticingly low but you’ll be paying those for a long, long time. When comparing one loan deal with another, add up the total of all the monthly payments. Because you did your homework, you can focus on the total amount, rather than just the monthly payments. Negotiate one element of the deal at a time, establishing the purchase price, then moving on to discussing financing, if interested. Don’t be talked into extras, such as rust-proofing, fabric protector, or even an extended warranty. They aren’t necessary. You’re smarter than that, as proven by the effort put in to find a good, safe, reliable car. If the seller won’t meet what you would consider a fair price, walk away. Every year, something like 40 million used cars change hands. Rest assured, there are plenty of other cars out there from which to choose. Getting a good deal on the right car can take a lot of patience and persistence but the reward—freedom and mobility—is worth the effort.
Ask for advice from a Professional.
#GaryKnowsCars will offer his professional opinion.
Garyknowscars.com
