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Save with Dave: E-gotiating Car Deals

SACRAMENTO (CBS13) ― What if you found out you paid thousands too much for your new car, and it was legal.

It happens to car buyer's everyday, especially to those who would rather jab their leg with an ice pick than negotiate a car price.

Well in this Save with Dave, "e-gotitiating" it can put you in the driver's seat.

A minivan really comes in handy for the Fox family in Loomis. It hauls grandkids, the bikes, everything.

Mike Fox bought it new, online, and he negotiated the deal electronically too.

"There's no comparison. It was pain free," says Mike.

Mike hates the hassle of haggling with dealers. "You know I'm going to avoid that situation," he says.

Most people dread the pressure of the process, and that can lead to accepting an offer too soon.

So avoiding the face-off by "e-gotiating" can really pay off.

"I felt no pressure whatsoever at any point in time, " Mike says. Mike did his research, knew what kind he wanted, and what a fair price range would be.

A couple of back and forth emails is often all it takes to land a good deal.

"I felt very good about the price and we said sold."

If the deal had started to go south, it would have been easier for Mike to "walk away" online. And that means savings in your pocket.

So if you hate negotiating the old fashioned way, try it in cyberspace.

Many dealerships, small and large have online services. Of course, actual savings can vary, some experts say anywhere from $500 to $1500 or more.

Edmunds.com says you can save ten percent on your car by negotiating, aka e-gotiating, the deal online.

(© MMVIII, CBS Broadcasting Inc. All Rights Reserved.)

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