Some people are great at knowing the value of vehicles. Some people don’t know anything, especially about prices. If you feel this way, you are at the right place.
Visit your local bank and get pre-approved for a car loan. This one step cannot only save you a lot of time at dealership, but it will also save you money most of the time. By getting a loan at your bank, you can negotiate your interest rate more effectively; thus, lowering your overall payment.
Do not be turned off from a car because it is used. Most people would like nothing more than to buy a brand new, shiny car. But, is this really feasible for your financial situation? Many used cars are perfectly fine and will not break your back nearly as much as a new car will.
Take a look at owner reviews before selecting the car you want to buy. These can be found online, at many different websites. Owner reviews give you a good idea about how much others enjoy the car, and if they would recommend it to friends and family. They offer a different perspective than professional reviews, and they are very informative for anyone who is car shopping.
Set a budget and stick to it when shopping for a car. It can be very hard to stick to a budget when you find a car that you really want, but there is nothing good about an impulse buy. Figure out what you can afford before you start looking so that you do not break the bank.
Research trade-in prices before turning over your older vehicle. If you are planning on trading in your current vehicle to go towards the purchase price of your new one, be armed with the proper value ahead of time. Checking prices online or using the Kelley Blue Book. Just make sure you are checking the wholesale price, not retail.
Avoid discussing incentives, down payments or trade-ins until you know how much you are going to pay for the vehicle. Smaller things like down payments, and incentives are items that should be subtracted from the bottom line. You will probably get a much better price if you start by negotiating and then mention these additional discounts.
If you are absolutely in love with a certain color or interior finish, don’t settle for less. Though the specific vehicle that you want might not be in stock at your local dealership, ask them if they can get it for you. Most dealerships have relationships with other dealerships and will trade vehicles back and forth. Keep in mind though, you might end up paying a little bit extra to cover some of the costs of the trade.
You should no longer feel overwhelmed. You now have the information you need to make a great buying decision. You can be happier and more content when you drive a new car you know you got a great deal on. Time for a test drive!