When buying a car, finding a great deal can get a little tricky, especially for those who are getting ready to buy their first car. But the process can be quite easy to understand, you just need to be smart and patient about it. If you’re wondering how to get a good deal that you can live with, these 7 essential car-buying tips can help you out.
1. Choose the Right Time
You need to choose the right time to get a nice deal. It’s recommended that you start shopping around at the end of each month or year. The reason behind this is because most dealers are trying to close deals as quickly as possible to increase their conversion rates and hit more sales targets. This means extra bonuses for them, making you come out as a winner too. You will have flexible dealers that are willing to go down on prices during these times and negotiations will go a lot smoother for you.
2. Shop Around
It would be wise to shop around to find dealers who offer low monthly payments. You need to familiarize yourself with different offers and prices, which will require a little bit of research. The professionals who provide these top choices show lease deals to get an idea of what you can expect. You’ll find that some dealers offer down payment deals while others offer lower down payments with costs due at signing. Your credit score will help you significantly when looking for deals like this and your lease won’t be difficult to handle. You just need to compare and calculate which lease is affordable for you.
3. Never Get Attached
Some buyers tend to get attached to a car and that can ruin their goal of finding a great deal. The idea is to look at the numbers and not the emotional attachment. You can easily fall in love with a car, but it’s crucial to set your feelings aside when you’re trying to buy a car. Think of it as a commodity, the car model you see at one dealership can be found at another dealership for a better price. Don’t be too hasty and never buy a car based solely on emotion.
4. Focus on Older Inventory
Any buyer should focus on a dealer’s older inventory. This is a smart move because old inventory is already on the dealer’s priority list to sell quickly. If you don’t care about the model year, you can get an amazing deal with affordable prices by choosing a relatively older car. The dealer will be motivated and ready to sell it for a great price that you can feel comfortable with.
5. Don’t Get an Extended Warranty
It’s crucial not to get an extended warranty from your dealer because that will raise the price significantly. Most car owners spend a lot of money on extended warranties because the dealers emphasize the safety aspects, but nine times out of ten, people never use them. So, it would be a waste of money and you might find a better warranty that’s cheaper than the dealer’s offer.
6. Have Your Smartphone Close By
Every buyer should have their smartphone close by because they will need to check financing terms and verify a car’s market value. This usually makes negotiations a lot easier for them because dealers won’t be able to trick them with false numbers or claims. They can differentiate between an honest dealer and a dishonest one.
7. Avoid Extra Options
Extra options like headlight wipers or fabric protectants can raise the price of a car. The odds are buyers might not need any extra add-ons or features that seem unnecessary. Also, they might find these extras cheaper elsewhere because dealers tend to raise the prices on them. Avoid buying a car with non-factory options that will increase the price.
It’s important to familiarize yourself with the car-buying process and understand what you need to look for in a car because getting a great deal depends on your knowledge. These 7 tips will prepare you for everything you will encounter when shopping for a new car. One last word to the wise, you need to, know how to speak to dealers properly, understand their motives, and know when to accept a deal or walk away from one.
The perfect car deal awaits anyone who puts in the effort to research and learn the best ways to get a nice car for a reasonable price that they can live with.