All About 4 Tips To Save Money When Buying A New Car
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By :
Corey Rozon
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Read the following four tips to learn how to negotiate a lower sticker price:
1st New Car Buying Tip: If you don't already know, the sticker price is merely a suggestion. The first step to saving some money is to determine what it is you actually want. If you have a make and model in mind your best bet is to conduct some preliminary research using the internet. Visit the car manufacturers website and design your dream car. See what options and colours are available in the model you desire and also look at similar models to best determine which car is right for you. Keeping an open mind on different models will help you leverage some negotiating room in the end.
2nd New Car Buying Tip: Most people do not have the cash readily available to buy a brand-new car outright. In most cases you are going to have to decide how you are going to pay for the car. You can try to get financing with the dealership or get a loan from your bank. In either case you are probably going to need some form of down payment. If you have already done your research and know they type of car you want to buy you can contact your bank and get pre-approval for a car loan. Knowing the bank's terms and conditions will help you decide on the type of financing you will likely commit to once it is time to buy. By having a pre-approved loan you may be able to negotiate with the dealership terms. Whatever ever the case, bank loan or dealership financing, try to set the payback period to between 36 and 48 months.
3rd New Car Buying Tip: Dealerships want to unload the cars they have in stock. So it is worth the effort to locate a dealership in your area that has the exact make model and colour that you are looking for. If they can sell you one of their cars that they have on the lot you will have a much better chance of negotiating a lower price than you would if they had to order the car from the factory for you. The internet is again a great resource to see what dealers have in stock.
4th New Car Buying Tip: You designed you dream car, and back-up models, using the manufactures website. You've gotten your finances in order and have pre-approval from your bank. And hopefully you have found more then one dealership with the specific car you want. The next step is to prepare yourself for negotiations. One of the easiest and most efficient ways to do this it to email each dealership and ask them for specifics on the car you are looking at, terms, conditions, asking price, etc. Print out the reply emails and set up times to visit each dealership. Having the counter offers on paper will help your negotiations go smoothly and get you behind the wheel of that new car that much more quickly.
Bonus New Car Buying Tip: In most cases once you sign the papers, the deal is done. Dealerships usually provide a specific amount of time where you can change your mind and cancel the purchase, just make sure you understand their return policy completely before signing. It is also a very good idea to give the car a careful inspection before you sign. Look for any dings, dents or scratches, and if there is anything missing, and make sure you get all of it in writing. If you later decide to return the car to the dealer having all the imperfections in writing will help you resolve any issues that come up.
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Author Resource:-
Corey Rozon is a freelance writer in Ottawa.
This article about new car buying tips was written on behalf of MonsterAuto.ca, your online source for finding used cars, such as used Acura cars.
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2010-02-09 01:46:15
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