Buying a new or used car can be a confusing process. After hours of researching, weighing options, colors and trims, you are then subjected to numerous unfamiliar terms and language revolving around the actual purchase. We’ve assembled this list of some of the most used terminology to help you feel slightly more confident when sitting in the finance manager’s office.
Following in the tradition of our founding fathers, we, at CarWoo! determined that car buyers should possess certain rights to make their experience easier and less stressful. Today, CarWoo! is announcing its Bill of Rights for Car Buyers, based on the buyer experience in the CarWoo! MarketPlace, describes the rights which should be available to all car buyers. Continue reading
Getting the car that fits you for a price you like shouldn’t be hard- if you do your homework and know what you want. Finding a car is step one, but it’s the second part that can leave you feeling like you ran the mountain climber off the ledge. Unnecessary add-ons can drive up vehicle prices quickly if you’re not careful. So pay attention here; research and come prepared. Continue reading
New car negotiations can be tricky on both sides, with both the dealer and the buyer trying to maximize profitability/savings for their end of the transaction. CarWoo! helps make this process more transparent, but dealers often still have the advantage of being much more familiar with the car buying process and the terms associated with the transaction. Here are five terms that most car buyers should, but probably don’t truly understand. Continue reading
We get a ton of questions from car buyers about how to get the best possible deal on CarWoo! Many people will do plenty of price research before they buy, and usually have a good idea of what price they’d be comfortable with and are just waiting for a dealer to Woo! them.
Here are some tips on how to use the wealth of CarWoo! features to your advantage as a car buyer: Continue reading
Basil is the CEO of Coverhound.com. He writes weekly articles for the CarWoo! blog about how to find the best deals on auto insurance.
Working in the insurance industry, we get a lot of customers who come to Coverhound with misconceptions about the prices or coverage they’re going to get from their insurance. So I’ve decided to write an article to clear up some of the most common myths: Continue reading
You’re in a dealership, waiting for a Finance Manager to get your paperwork ready. What could possibly be taking so long? You peer around, trying to figure out where this person is and why he hasn’t helped you quite yet. You see offices, fancy cubicles, official-looking people who look like they could be the Finance Manager. Your salesman seems to have lingered off. He told you it’d be just a few minutes, but you can’t help but wonder why you get the feeling he’s out back smoking right now. You’re in no man’s land: that time between shaking your salesperson’s hand and signing on the dotted line with your Finance Manager.
Agree to a deal? Get ready to meet your Finance Manager. Continue reading
FACT: Most members of “Gen Y” would rather purchase their car online than negotiate with a dealer face-to-face (the exact number is 57%, according to a 2011 Deloitte and Touche study). Is this you? Read on, friend, read on.
If you’ve shopped licensed dealers in California for a new or used car since July 1, 2006, you were protected by something called the “Car Buyer’s Bill of Rights.” This relatively new law was passed to protect buyers from long-held practices that had previously worked against them. Continue reading
Imagine you woke up a different person, with an entirely different job. You’re not sure what right away, but judging by the size of your desk and the receptionist screening your calls, you seem pretty important.
Within a few moments of studying your whereabouts, a new set of memories emerges in your mind. The short and simple of it: you’ve worked your way up the management ladder in the auto dealer industry since the early 80’s – before anyone requested an internet quote, before anyone knew what an invoice was, before online reviews, before the factory was even very involved in customer satisfaction, and even before a serious consumer-protection law was established. You’re a dealership’s General Manager (or GM). Continue reading
My scooter ride from downtown to Glendale takes me past the lake in Echo Park every day. The air this morning was warm and I could smell it mixing with the water. It seemed to wash me as I passed by. I wanted to keep driving and make circles around the lake all morning, enjoying the calm before Los Angeles officially enveloped it.
From the storage compartment of my scooter, I could see my phone ringing. The dealership was calling. My Honda Fit customer must have arrived. I twisted the throttle and drove with much more purpose, leaving the lake for later. Continue reading