2 Things To Do And 5 Things You Must Avoid In Order To Get A Good Deal on a Car
In this post I’ll sort some of the basic tips for car buyers. These tips are general and cover the very basic knowledge that every body should know. If you need further help you can read any of my other related topics.
Know What You Want
You must know the following pieces of information before you go to the dealership (have them written on a piece of paper if you need to):
1.Your credit score, or
2.the lowest financing rate you can get from the bank,
3.how long you will need the car (financing vs lease),
4.how much is the trade in value of your old car (if you have one), and
5.as mentioned above; how much is the car that you want.
Your credit score, or the lowest financing rate you can get from the bank or your credit union is going to be your reference point to negotiate financing your new car with the dealership. How long you’ll need the car will help you decide whether to go for financing your purchase or accepting a lease. And the trade in value of your car and the price range for the new car will help you negotiate a good deal on the whole trade in/purchase process.
Don’t buy a new car just around the time of
releasing the new year’s models. Your car will lose a lot in value once
the new models are released.
Don’t go car shopping at the beginning of the
month, always do the opposite when dealers could be short in a few
sales to meet the monthly cap.
Don’t fall for the “no hassle” signs, unless you
are planning to pay in cash up front. Only then it will be a good deal.
If you finance it you’ll pay more than if you buy from any other dealer.
Never give a written commitment until you see all
the numbers in the contract that you’ll sign.