Posted February 5, 2021
Buying a car requires you to have nerves of steel. You have to understand the process and appreciate it. Luckily, we’re here to provide the awareness of the strategies professionals use to turn you into a master car buyer, and this will turn the experience into a positive one that goes in your favor.
Go to different dealerships before settling on one. A different dealership might be able to get you a better price on the car you want and maybe running different promotions. Try three or four in your area, and even if you have to travel a bit farther, it may be worth it.
Never go with the set price of a car when you’re car shopping. Usually, people price things knowing that they’ll have to lower them when the buyer gets there. If you are paying with cash, it doesn’t hurt to tell them that either. People that see a lot of money are more likely to let it go for less.
Visit your local bank and get pre-approved for a car loan. This one step cannot only save you a lot of time at the 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.
Go into the dealership with a bottom line price in mind. The salesman might try to focus on the monthly payments or financing terms, but your goal should be to get the price you want on the car you want. You can always negotiate the financing terms later, or even finance with your own bank outside of the dealership.
When shopping for a new vehicle, consider all of your options. There are many used cars that have extremely low miles and rock bottom prices. The ones to look for are the ones that have been leased and returned. These cars have been serviced at the dealership and usually have plenty of factory warranty protection left.
Shop around before you even go to the dealership. If you spend some time on local dealer’s websites, you can learn about the incentives that are offered. If you know what one dealership is offering, you can use it as a negotiating point and may be able to get a better deal.
Categories: Car Maintenance