How to Get the Best Deal When Purchasing a New Car
Are you finally ready to give up your 15-year-old clunker for something with that new-car smell? With a bit of research, you can find the best deal available for a new car. Checking for current incentives such as cash back and low interest rates can help you get a far better deal.
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Instructions
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How to get the best deal
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Visit internet websites that offer up-to-date vehicle prices and online quotes. Many sites will includes lists of current incentives and rebates being offered by manufacturers.
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Obtain quotes from a dealer's Internet sales manager. Internet sales sites will usually give you a bottom-line price, including all available incentives and rebates for the model you are interested in. Shop around by comparing at least three internet quotes to make sure you're getting the best deal.
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Try using a car broker. Car brokers have good relationships with dealers and can usually purchase vehicles at a bottom-line price. They do all the negotiating for you. Tell them the model, options and color combinations you are seeking for and they'll do the rest.
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Find out what type of deal works best, whether easing, financing or paying cash. Depending on current promotions, significant savings might be gained by favoring one method over another.
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Be flexible about the vehicle and options you are seeking. A dealer might be able to offer a much better price on a vehicle whose color isn't your first choice or whose options don't match your ideal.
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Be ready to buy, because price quotes often have a brief shelf live, and promotional incentives often last less than a month. Shopping two or three months in advance of your intended purchase could prove to be a waste of time. Start about three weeks before you're ready to buy.
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Tips & Warnings
Ask to see the total cost of the vehicle for a lease, financed purchase and cash purchase. That will allow you to make a sensible comparison and see if one method is more advantageous.
Never give a dealer your Social Security number or other personal information until you are ready to buy. Having your credit report checked by multiple dealers could lower your credit score and impede your ability to buy the vehicle.
