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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.

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