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Tips Make Women Confident Car Buyers

POSTED: 11:54 am EST November 10, 2006
UPDATED: 12:57 pm EST November 10, 2006

With all of the options, prices and decision one has to consider when buying a new car, it can make your head spin, and for many women, it's an adventure they don't want to undertake alone.

In a Capital One survey, 77 percent of women said they would bring a man to the dealership with them to make sure they get a good deal.

Samantha Loss, who is about to buy a new car told News4 reporter Megan McGrath, "I plan to do most of the research myself because I do want to have the experience, but then at the end I am going to bring my dad along with me, just to make sure I'm getting a fair price."

It may make some women feel more comfortable to have a man with them, but it isn't necessary. To get a fair price, the experts said women just need to do some research and follow a few tips.

Experts said women should first do their homework before going to a dealer. Women should already have an idea of what they want and what car fits their needs.

Next experts said women should research the price. There are several Web sites that will tell what the dealer likely paid for the vehicle as well as the manufacturers' suggested retail price.

"Being educated is the No. 1 thing," said AAA Mid-Atlantic spokesman Long Anderson. "That is the equalizer in this process."

Then the experts said women should find the best interest rates. Call different banks and compare their rates to what the dealer is offering.

Fourth, think hard about add-ons, because they can really increase the cost of the vehicle. That's the kind of decision that should be made ahead of time and not just before you sign on the dotted line.

Next, if you plan on trading in your old car, check the value of your trade in on the Internet and compare it to what the dealer is offering.

Scott Addison of Fitzgerald Automall said, "Trade it into a dealership, but make sure you keep the trade separate from the new car transaction. The price of the trade-in should have no bearing on the price of the new car.

The last tip: read everything before you sign.

After reviewing these tips, Loss said she has a lot more research to do, but she now knows where to start.

"I feel like I know better what I need to be asking and what I need to be looking for," Loss said.

If you do your homework and come to the dealer ship prepared, the experts said you should be able to get a fair price, but remember: don't let anyone pressure you and the final decision is yours.

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