 Search the Knowledgebase |
 Browse by Category |
|
|
|
|
|
| How do I get a great deal on my next car? |
|
Article Details
Last Updated
13th of April, 2010
|
| User Opinions (3 votes) |
66%
33%
|
|
Thank you for rating this answer.
|
Choosing the right type of car and financing is not easy nowadays. These five easy steps will help you get a great deal and enjoy your shopping experience.
Step 1: Seriously consider buying a previously owned/used car. The saying is true that the moment you drive off the lot in a brand new car you lose 20-30 percent of the value. Don’t make this mistake! Buying a used car, even if it is just a year old, can help you save big.
Step 2: Take your time and research your vehicle online. Before you go to a dealer, investigate the blue book price, MSRP (Manufacturer Suggested Retail Price), and other details about the car you are interested in buying. Print out these documents and take them with you; better yet, call several dealerships in your area and negotiate a deal over the phone. Ask to speak with a Fleet or Internet Sales Manager. Do not deal with the sales representatives.
Step 3: When buying used, consider ordering a CARFAX report. Most sellers will give you a free CARFAX report for the vehicle you are thinking about buying. If not, go online and order one yourself.
Step 4: Check your credit. Reviewing your credit standing before you start to shop for a car can help you save a lot of money. If you have a high credit score, you may be able to qualify for the dealer’s special financing offers. You’ll also have extra bargaining power when negotiating a car deal.
Step 5: Save on financing. The cheapest way to buy a car is in cash, but there are also ways you can save if you buy with a loan. Put down the largest down payment possible and choose the shortest-term loan in order to reduce your loan costs.
Get more information about auto financing and shopping for car loans. You can also apply for an auto loan today!
|
The article has been updated successfully.
