Helpful Tips For Buying A New Car

Helpful Tips For Buying A New Car

Buying a​ new car can be fun and exciting, but it​ can also be very stressful. After all, it​ is​ a​ very big decision. if​ you are organized, armed with knowledge, and understand the game, you’ll find the experience a​ lot more enjoyable so here are some tips for buying a​ new car.

Start with the basics. Decide what type, size, and price range meets your needs; then move on to​ the details of​ the deal.

The invoice price is​ what the dealer paid for the car, not including any incentives from the vehicle manufacturer. The sticker price is​ the price the dealer wants you to​ pay for that car, including any optional packages that may be on that particular vehicle.

Find out the invoice cost of​ the car. This is​ the key to​ what type of​ deal you can get. Once you know what the dealer paid, you can better negotiate with the dealer. The dealer typically isn’t going to​ give you this information, so you’ll have to​ play detective and round it​ up yourself.

You can easily get this information by spending less than $20 and calling the Consumer Reports New Car Price Service. It’s a​ good investment because it​ usually results in​ about a​ $1,200 savings.

Now it’s time to​ get ready to​ bargain. Ask the salesperson to​ deal on their base markup over cost. Never bargain off the sticker price. You’ve got the invoice price and that’s what you bargain off of. What type of​ deal you can get depends a​ lot on supply and demand.

If the car you are looking at​ is​ in​ high demand, but there aren’t a​ lot of​ them available you could end up paying the full sticker price. On other models, you could land up paying just $500 over invoice and that would be a​ good deal!

Be wary of​ the “for just a​ few” game. It’s a​ game of​ up-selling for services and items you often don’t need – undercoating, fabric protection, rust proofing, windshield etching, extra warranties, etc. Some of​ these services are nice; but most aren’t needed. Be careful because they can very quickly add a​ couple thousand dollars to​ your costs. So don’t get caught up in​ the “for just a​ few dollars more you can have…”

If you have a​ vehicle you are going to​ trade in, don’t disclose this information to​ the salesperson until the price of​ the new car has been established and agreed upon. That way the price you are given for your trade is​ the true amount that is​ being offered rather than some inflated figure on paper. Then you can decide if​ you really want to​ trade your vehicle in. Often, selling privately is​ a​ better choice.

Keep your stress down by knowing what you want before you begin. When it​ comes time to​ get your financing in​ place know what size payment you are comfortable with and then work your terms to​ meet that payment size. Again, don’t get caught in​ the up-sell game.

These tips for buying a​ new car will have you smiling and relaxed through the entire buying process.

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