Show Me The Money – Where The Profit Is In New Cars

How many tomes have you heard a car salesman or manager tell you, “I would love to give you that deal but we only have a few hundred dollars profit to play with”? Don’t buy it, especially now when most entry level cars are over 20,000. The profit on a $20,000 car can be from $1500 to $2,000 and that is before any dealer hold back, carry over money, dealer incentives or rebates!

So what are these other terms that give the dealer profit. On a Ford or GM vehicle, for example, the carry over money can be $1,000 on a $20,000 car. Add in another 3% for holdback plus another $1,000 in factory to dealer incentives along with a $1,500 built in profit and you have $4,100 to work with!

It pays to do your homework. Don’t take the dealer’s word for what they have in a car. There are so many places you can go to research prices on new and used vehicles that there is no excuse for being taken from a dealer. Go to online sites like Kelly Blue Book or Edmunds to get dealer cost on new cars and get guidelines for used cars. You can also find the latest rebates online. Just type in the car you are looking at along with the term “rebate” and you will find the most up to date information. You want to be sure you know if a vehicle has a rebate because this is another way that dealers make profit. They will keep the rebate and while you are signing the stack of paper in the finance office they will slip a piece of paper in there on you assigning the rebate back to the dealer and you won’t even know it.

Another way dealers make money is in their finance office. The people that work in a dealer’s finance office have to be licensed by the state they are doing business in to do financing and offer insurance. This does not stop them from ripping people off. They will make as much money on you as they possibly can. For example, they may have a “buy rate” from a lender of 6% for someone with excellent credit yet they will charge you 9%. This additional 3% is pure profit to the dealer. They will justify it by trying to point out the least little hiccup on your credit report. Another thing they will do is try to sell you extended warranties and credit life insurance. Never buy either one. If you are buying a new car, the new car warranty is sufficient and you can get term life insurance way cheaper if you are concerned about that.

The best thing to do is to obtain your own financing at your bank or credit union before you go to a dealer. If the dealer can beat the deal that you have fine, but don’t buy any of their add on garbage.

Gregg Hall is a business consultant and author for many online and offline businesses and lives in Navarre Florida with his 16 year old son. For patented car care products go to http://www.stopwaxing.com

Electric Bikes – Why They Are Great For Our Environment

The electric car is fast gaining ground and for good reason. Not only does this car look trendy but it also contributes in its own small way to save our environment. However, if you thought the buck stops there think again. The electric bike is even more eco friendly and here are some reasons why!

Great efficiency
The battery of an electric bike has a shelf life spanning one or two years. With 300 charging sessions the battery can run across 15000 kilometers. The bike’s blade provides horsepower. This is as powerful as the power produced by a regular 250 4-stroke motor. The blade continues to run silently while delivering exceptional performance. Depending on the type of ride the blade controls can be adjusted. The weight of an electric bike is also much lesser as compared to a regular bike. This again works to the user’s advantage.

Big dividends
Many people refrain from purchasing an electric motorcycle because they are daunted by the high costs. However, this is just an initial setback. When considered over a long term perspective electric motorcycles work out far cheaper than their gasoline counterparts. When your bike runs on electricity the fuel costs are just 1/10th of what it would be on a gasoline bike!

Zero emissions
The primary advantage of an electric motorcycle is the fact that there are virtually no gaseous emissions. Besides, these bikes operate on silent mode which means you are in a way helping to reduce noise pollution! The advantage with an electric motorcycle is that you can afford to do away with gas stations altogether. All that is needed is a couple of hours of charging everyday and your bike’s batteries are good to go!

Low maintenance
If you love a bike that provides high service without you having to spend too much time on maintenance then the electric bike is your answer. You do not need to keep changing the oil as you would in case of a gasoline run bike. Plus since your bike runs on electricity instead of oil there is less residue build up on the bike. That means a lesser need for regular washing and cleaning.

Fun and different!
The beauty of electric bikes is that they offer the consumer a very different riding experience. We all have ridden a gasoline bike at some point of our lives. However, an electric run bike is a different story altogether. The thrill of seeing your bike run for hours without the need for any fuel is a powerful impetus to get an electric bike! Plus you obviously end up saving a lot since you will not be spending precious money on fuel. This is a win-win situation and you will also be doing your own bit to conserve our environment.

So if you are looking for a bike that is high on efficiency, low on costs and helps save the environment the electric bike is the only answer!

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