The process of buying a new car can be hard and long. Dealing with the pushy and annoying salesman can be pretty frustrating. But almost all of us have to face this issue at some point in life. Fortunately, some tips can help you make the car buying process more pleasant and easy.
Don’t miss these 5 tips to save money, get the best deal, and reduce the levels of stress associated with purchasing a car.
1. Use the internet
Fortunately, the Internet allows you to find and purchase whatever you want including a car. By purchasing on the Internet, you can completely avoid annoying car salesmen and save your time. This is a great benefit for many car buyers because you can avoid a misstep that often leads to overpaying. Salesmen often try to negotiate the highest price because their commission depends on the sale price.
The same applies to car lease deals. You can lease a car on the Internet and the dealer can deliver it to your house. So you don’t need to waste time visiting several dealerships and taking a car from the store by yourself.
2. Make research
Your knowledge is power. You are making a big mistake if you arrive at the car dealership without first researching the car you want to buy. Fortunately, the Internet allows you to find any information you want to know about your future car. If you are going to buy a brand new car, your goal is to find the “invoice” price. This is a price that the dealers pay the manufacturer for the car. This can help you lower the price when price negotiations begin.
In case you want to buy a used car, research the actual price for the specific car model. This information gives you a major bargaining power.
3. Choose a car that you can afford
If you want to buy a new car until your old one is paid off, you need to reassess whether or not you can afford this. This can add additional stress to your life. The best option is to wait until your current car is paid off. Then you can set aside the amount that used to pay for your monthly car payment. Over the year, while continuing to drive an old car, you can save money for a down payment on your next car. This can make you more financially stable.
4. Find a good pre-financing option
People who are going to buy a new car often make the same mistake. They obtain financing from the car dealership. But this option isn’t fiscally responsible. The rates in dealerships are often higher than loan rates that you can obtain from banks and credit unions. The best place to start looking for financing is your bank or credit union. They can also offer “relationship discounts” that you won’t find in any dealership.
There are a lot of internet tolls that allow you to compare competing quotes and check your credit score beforehand. If your score is lower than you’d like, set aside a new car purchase and work on score improving.
5. Choose based on the purchase price rather than monthly payments
Car dealers often offer very attractive monthly payments which can mislead you. Don't let them fool you! These “amazing” payments attach you to a 72-month loan that is less attractive, don’t you think? You need to negotiate and choose the best deal based on the price of the car and not the monthly payments.
It is also important to know the full price of the car you would like to buy. There can be a lot of hidden costs like taxes, car preparation, and delivery fees that you won’t know about until you ask.
I am Amelia Grant, journalist, and blogger. I think that information is a great force that is able to change people’s lives for the better. That is why I feel a strong intention to share useful and important things about health self-care, wellness and other advice that may be helpful for people. Being an enthusiast of a healthy lifestyle that keeps improving my life, I wish the same for everyone.
Our attention to ourselves, to our daily routine and habits, is very important. Things that may seem insignificant, are pieces of a big puzzle called life. I want to encourage people to be more attentive to their well-being, improve every little item of it and become healthier, happier, stronger. All of us deserve that. And I really hope that my work helps to make the world better.