A lot of people don’t like to purchase new cars because they’re always more expensive than used cars. While this may be true, there are certainly more benefits to purchasing a new car.
For one thing, a new car will last you a lot longer than a used car. Plus, you get to have the satisfaction of knowing that no one else has driven your vehicle before. This means there is less of a chance of something going wrong with your vehicle. But in the end, the price is still going to be the deciding factor for most consumers.
6 Tips to Buy a New Car for the Lowest Price
Fortunately, you don’t always have to settle for the advertised price of a new car. There are certain tricks you can perform that may get you a lower price on a new car. You just need to do a little research and have an aggressiveness to negotiate. A lot of car dealerships will compromise on the price if it means they can strike a sale. After all, they have a sales quota to fulfil.
Below are 6 tips on how to buy a new car for the lowest price possible.
1) Tame Your Impulses
Impulse buying is one of the worst things you can do when shopping for a new car. Salesmen can sense if you’re eager to make a purchase. This will give them free rein to jack up the sales price behind your back. As a buyer, you need to show restraint by asking questions and not purchasing a vehicle right away if you’re unsure about certain things.
2) Think About the Total Price, Not the Monthly Price
Salesmen like to advertise low monthly prices on new cars because it makes them look more affordable. However, what is not clearly advertised is the number of monthly payments that you’ll be making. Stay focused on the total sales price when shopping for new cars. That’ll prevent you from making a costly mistake.
3) Get Automated Price Quotes Online
Take advantage of internet technology to search for the best deals on new cars. Websites like TrueCar.com let you conduct a price quote search on the new vehicles available at several different local dealerships. This can save you a lot of time calling or visiting various dealerships in your area and getting quotes from them.
4) Look for Holiday Deals
Car dealerships usually put discounts on their new cars during special occasions and holidays, such as Independence Day, Christmas Day, Labor Day, and Thanksgiving Day. Shop around for a new car on one of these days, and you might find a huge discount waiting for you.
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5) Have a Car Already in Mind
When you visit a car dealership, you should already have a car in mind that you’re interested in purchasing. If you have done your research beforehand, then you already know the make, model, and price of the car that you want. Otherwise, if you go to the dealership without any idea of which car you want to purchase, then the salesman will end up showing you the most expensive new cars on the lot. You must show them that you’re already knowledgeable about the cars they have available.
6) Take Someone with You
Try not to shop for a new car by yourself. Take someone with you to the dealership who is more intimidating and experienced at purchasing vehicles. They can help watch over you and make sure that the salesman doesn’t try to take advantage of you. If you’re inexperienced and don’t ask the right questions, you’ll want to have someone more experienced to ask those questions for you.