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The new car you purchase will be one of the most
expensive purchases you make so it is a good idea to invest a little
time studying before you lock yourself into several years of car payments. Listed
here are a few suggestions to help you make better decisions when making
your new car purchase.
Plan ahead and do some research to find out
what is available. Have a good idea about the car model and options you
want. Know your budget and what you can spend. You’ll be less
likely to feel pressured into making a buying decision that will not be to
your benefit.
Follow these basic suggestions:
- Use the
Internet to find out about new car features, rebates,
prices, options and what the dealer pays for the car.
- Use a service
such as the Edmunds.com's Dealer Price Quotes and
PowerShopper services to get free price quotes from several car
dealers in your area. Using the service allows you to comparison shop
the pricing of several dealers without being pressured to make
an instant decision.
- Check
your local paper on Wednesday, and Friday to find dealers
advertising specials on the model you want to purchase. Be sure you
are comparing apples
to apples by comparing the included options
as well as the standard equipment offered by each dealer on your
selected model.
- Be prepared to
walk away if the price is not right. You have done your research you know
your budget and the dealer knows what he must charge to stay in
business. Make your offer, if it is fair to both you and the dealer you
will get your car. If your research is accurate you can walk away
knowing there will be a dealer who will accept your a fair and
reasonable offer.
- If time allows
consider ordering your new car to keep from paying for
options you don’t want or need. Keep a list of necessary options and
desired options. If a car on the lot meets the majority of your
needs, it may be better to negotiate a deal on the lot car. Most dealers
want
to move the current inventory and will work with you.
Next Page - Terms You Should Know
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