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Buying a used vehicle from a car dealer is like playing cards in Las Vegas - the house always wins. You might think you have the advantage, and in some rare cases you might. But in most circumstances, a used car retailer will always have the advantage over your "deal" for countless reasons (too many to list here). This is especially true if you have bad credit and/or you want to negotiate a trade vehicle that carries a loan balance. Simply put, car dealers are trained professionals (although it might not always appear to be true). After all, it's their job to win at the negotiation table - it's the way they bring home money and pay the bills. Remember, it's not personal, it's just business. They want to make money in their profession just like you.

In fact, it's never personal. Don't be easily fooled by an over friendly car dealer who "promises to help you out". At the end of the day, you're just a customer buying a commodity. You represent a pay check to the dealership, not a life-long friendship. Keep it real.

Remember, the "deal" always favors the dealership - so be very careful of advertisements promoting a "no haggle price". I like to consider a "no haggle price" more like a "no negation price" which completely favors the dealer. By nature, dealers always set the sticker price higher than it should be - they want to make the most money possible. Additionally, that's allowed "wiggle room" for negotiating with the consumer. But with the inception of "no haggle pricing", they're not allowing you a chance to negotiate while at the same time, sticker prices stayed high. Suddenly, advantage shifted entirely to the dealer with a "take it or leave it" attitude. Understanding that prices are almost always inflated, consumers should only conduct business with a dealer who's willing to negotiate - period.

Follow these pointers:

1. Be honest with your dealer. Never misrepresent yourself or your intentions

2. Stick to the plan. If you've budgeted for an $8000 used car, then keep the sale at $8,000

3. Do your research. Know the True Market Value (TMV) of cars in your neighborhood before you agree on a sale price.

4. Try to negotiate Tax, Title, License and Dealer Fees into the sale price. That alone can easily add over $1000 on top of the sticker price. Instead, you might offer to pay the dealer's full sticker price but make it your "out the door" offer (which includes everything). This is especially an option when working with "no haggle prices". After all, you're not haggling the sales price, just the terms.

5. Walk away if necessary. Don't be afraid to leave the dealership and "sleep on your decision". Unless you're buying an especially rare car, you can always find a similar deal somewhere else. And if one dealer would work with your credit, another dealer will too.

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Q: Where can you find a good deal on used cars?
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