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You don't really
need to be the ultimate car geek to figure out the
ins and outs of savings when buying a new car. You
just need some car buying tips, a calculator, a
notepad and pen and mental savvy to play the cost
game with a couple of car dealers.
To set you on the road to the car that you've always
wanted without the burden of high costs, here are
some car buying tips guaranteed to lighten your
path.
Car buying tip #1: Do your price homework.
In order to get the best deal, you have to first
determine what the fair price is for the car that
you want and what the car costs in various car
dealers. Researching for the fair price can be a bit
tricky as all dealers would have different prices.
One way to do this is to log on to websites and see
what their prices are. After comparing, you will
have a fairly good idea how it costs.
Car buying tip #2: Price is not everything
While price is the motor that would keep your car
buying running, it is not the only thing that you
should consider. Most car dealers would have a promo
of some sort whether it be a free service, free
parts or lower interest rates in financing. Look at
this also along with the price. One may have lower
prices but may not offer the same package.
Car buying tip #3: Compare and tell
Having done your price homework, you can now use the
data to haggle with car dealers. Tell each of them
that you are looking at the prices of several
dealers. Quote some prices to make them believe you.
Knowing this, they will give you their lowest
possible price and may even offer some good deals
just to prevent you from buying your car at their
competitor.
Car buying tip #4: Budget. Budget. Budget
Knowing how much you can shell out and sticking to
it can help you in negotiating for a better price.
This is one car buying tip that most buyers forget.
Remember, dealers can sense your indecision and may
not give you the best price that they have in the
house.
Car buying tip #5: Secure your finances
Car dealers are not the only ones who can offer
great financial deals. You can get a loan from your
bank or even from online lenders like Capital One
Auto Finance and E-loan.
Car buying tip #6: Consider trade-in
When you have an old car and you will not be using
it anymore, consider trading it in to lessen the
costs of the other car. Figure its trade-in value
and start from there. Some dealers accept trade in
but oftentimes, you can get a better deal selling
your old car privately.
Car buying tip #7: Allow for a time leeway
Buying a car at the last minute will not only cut
off the possibilities of doing research and waiting
for better deals but it will also make you quite
desperate to buy one. Desperation in any car
dealers' book equals high costs.
Car buying tip #8: Ask for rebates and rewards
When you pay in cash, car dealers offer special
discounts, rebates or rewards. Make sure that you
ask your car dealer about them as some can
"conveniently" forget about them until after you are
out the door. |
