Buy A New Car In Colorado
If you are interested in buying a new car in Colorado, before starting to shop around and prepare for a serious negotiation for the make and model of your interest you should know a thing or two about the Colorado laws that are meant to protect consumers when buying new cars.
You should be aware of these laws, because otherwise you won’t know how to defend yourself from the illegal strategies some dealers on the market use. You should first of all keep in mind that Colorado has a lemon law. This law is meant to especially protect the buyers of new cars by obliging the dealer to repair the car for en entire year if the car has a mechanical defect. These repairs need to be made by the dealer no matter the area where the car breaks down, because the car is protected by the manufacturer warranty attached to any new car purchase. That’s the document which makes the car dealer responsible.
If the dealer doesn’t manage to solve the car’s problem by repairing it, after multiple attempts, the consumer has then the right to ask the dealer to replace his car or pay him back all the money: the amount he paid for the car and the money he spent by paying taxes, fees and getting the title. The number of attempts the car dealer has to try and repair once and for all the car’s problem is four in a year, but if any of these attempts includes more than 30 days of repairs in a garage, the number of attempts won’t matter. The unsatisfied customer will be allowed to make his claim. However, this lemon law doesn’t apply to used cars. The authorities have issued an Unfair and Deceptive Practices Act that offers a level of protection to used car buyers in case the dealer withholds valuable information about the vehicle.
When you buy a new car in Colorado, besides being aware of the law, you should also be aware of some generally used dealer strategies and terms. So, before you decide to even enter a dealership, you should determine what type of car you want to buy and the exact features that you want it to be equipped it. Many dealers try to make their clients change their mind. This strategy works especially with those who are undecided and the dealer manages to sell them another car with an extra feature that costs more than they originally intended to pay. By choosing a car in advance and by setting a budget, it will also be easier for you to do some comparison shopping. To make the final decision you can check out Consumer Reports, magazines like Motor Trend and use Internet researches in order to find a reliable model available for a budget friendly price.
In order to be able to negotiate a better price, you should also have an idea of what terms like invoice price, base price, monroney sticker price and dealer sticker price mean. The invoice price is the price the manufacturer asked the dealer to pay, but it’s usually higher than in reality because dealers receive many rebates and discounts. The base price is the car’s price without the cost involved by extra options, the monroney sticker price includes the base price and the costs involved by optional features and the dealer sticker price is the price offered by the dealer which includes the monroney sticker price and his profit and expenses. You can negotiate the dealer sticker price and reduce the car’s price by trading-in your old car.
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