Filed under: Car Buying, Coupes, Chrysler, Dodge
Click the image above for more pics of the Challenger SRT8
If you’re one of the lucky 6,400 customers to lay claim to the 425 hp Dodge Challenger SRT8, we have good news. The first 1,000 special edition Challengers have already been built, and they’re en-route to a dealer near you. For those of you that won’t be getting your Hemi-powered muscle car in the first wave, you won’t have to wait long, either. Every SRT Challenger will be produced by the beginning of July, which means Woodward should be full of good-looking retro coupes come August. If you want a 6.1L Challenger, you’re going to have to hit eBay or wait for 2009, because all 2008 models have been spoken for.
The Challenger has been one of the few pieces of good news surrounding the Pentastar of late, and a hot product couldn’t be coming at a better time. We know gas if $4 per gallon and V8 muscle cars aren’t exactly what the doctor ordered, but we’re probably just as excited as the 6,400 Challenger SRT8 owners to get behind the wheel of this future classic.
Gallery: 2008 Dodge Challenger SRT8
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[Source: Dodge]
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Top 10 Tips You Must Know When Buying a Car
| 1. You should purchase your new car at or around Christmas time because with everybody buying their Christmas presents, not many of them are looking to buy a new car, and it forces dealerships to up their sales strategies. Salesmen are more willing to haggle down to your prices to close the deal. 2. You can also get a good deal from July to October because that is the time of year when dealerships are trying to get rid of their inventory to make way for the new models. 3. Purchasing a car online is becoming a great way to get a new car. Just wait for good rebates and incentives online and shop around. Print out your information from the best quotes and bring it to the dealer that you are most willing to work with. Bringing in lower quotes from another company might be your best bet in getting a good deal. 4. You should visit FightingChance.com if you are hoping to find new car prices, dealer incentives, and the best rebate offers. This site is the first place that you should go for great advice on buying a car. It’s even more informative than the Kelley Blue book. This program for buying new cars can literally save you thousands of dollars. 5. A good place to start when going into a dealership is to bring a copy of your credit score with you. It can lower your interest rates on your car loan. Your car dealer should not know more about you than you do. 6. You can avoid a common scam that dealerships pull. You will often hear that your financing fell through and that you have to respond by paying more money on your loan. Don’t believe it. It’s another reason for you to get a copy of your credit score. 7. Another common scam by dealership salesmen is for them to tell you that they have found you a lower rate, but that they want you to re-sign your loan papers. Usually, that is a downright lie. Once they pull up your financing information, they have the upper hand if you don’t know the details about your credit information. You can get a copy of your credit information online at equifax.com for about $10-$15. It’s better to pay $15 now than thousands later. 8. Don’t bring in a car for trade in if you still owe money on it. The dealership rarely pays the rest of the loan on time which will result in you having to pay a great deal of late fees to the bank. If you do decide to bring a car in that you owe money on, get it in writing from the dealership that they will pay the balance on the car within 10 days. 9. Sometimes a dealership may not have all of your options and must order the car directly from the dealership. If this happens they will often ask you to pay $500-$1000 for a deposit on the car. Try not to pay more than $500 and be sure to pay with a credit card because sometimes the dealership will tell you that there was a price increase on the vehicle and will want more money. If you pay with a credit card you have room to dispute the amount being taken from you. If you pay by check, you can just consider the money gone. 10. You should never buy a car when you are in desperate need for one because a dealer will see that and take advantage. You should never wait until an old car is dead before searching for a new one because you should give yourself time to shop around for one and get the best deal possible. Desperation often clouds your judgment. |
Prius sales tank in May, Toyota blames battery supply
Filed under: Car Buying, Hybrids/Alternative, Green, Toyota
This stat might seem confusing given the fact that fuel economy is king at dealerships right now, but Toyota just reported that Prius sales were down almost 40% in May compared to the same period in 2007. While overall 2008 sales of the hybrid postercar are up a little over 2%, this just doesn’t seem possible. Just over 15,000 Priuses were sold in May ‘08 compared to more than 24,000 in 2007. Overall sales in 2008 have slightly surpassed ‘07 sales through May, with a total of 79,675 units moved this year compared to 76,747 last year, but it seems like something is amiss. Then you read about a battery supply problem that’s affected production of the Prius and it all starts to make sense. AutoblogGreen reports that Toyota’s VP of Communications, Irv Miller, said batteries are in short supply worldwide and this is what affected Prius production and its sales last month in the U.S. He added that last year’s figures were slightly inflated due to, wait for it, incentives being used to move slow-selling hybrids. Ah, the good old days. While there is still an obvious demand for the Prius, our brothers at ABG surmise we’ll be on a one-day supply of Priuses until the new one comes out in January. Can you say mark up?
[Source: AutoblogGreen and Toyota]
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Car Buying Advice: Get a Low Rate
Whether you’re a new or experienced driver, there is plenty of good car buying advice to help you get the best deal. Buying a car is a relatively easy process. You’ll have to visit several dealerships, find the perfect car, and secure financing. In most instances, the entire process only takes a few hours. Still, it’s best to research car buying advice. This way, you don’t overpay for the vehicle.
It is common for car buyers to negotiate the dealer invoice price. Often times, savvy buyers can get a vehicle for thousands less. This keeps the monthly payments low and affordable. Additionally, car buyers have to worry about the interest rate. Individuals with good credit qualify for the best rates. On the other hand, if you have a few credit problems, you’ll likely pay a higher price. Even so, there is practical car buying advice to help you overcome this obstacle and maintain low payments.
The best car buying advice encourages consumers to get the lowest rate possible on their vehicle loan. This might involve making credit improvements first, and then applying for a car loan. What’s more, some buyers have been able to get a low rate by means of a co-signer and down payment.