Tuesday, August 9, 2016

How to Save Money When Buying a Car

Car buying can be a daunting task for even the savviest of consumers. With so many makes and models available in various trim levels, it may be a challenge to ensure that you're getting the best deal possible on a new car.

Fortunately, several resources exist today which make the process faster, easier and more fun than ever before. Read on to find out how you can save more money when buying a car.

Find out what others are paying

In the age of the internet, it is now possible to know what others have paid for the same car you're interested in.

Before you visit a dealer, look for sites that allow you to select the make, model and trim of the car you want and find out what others in the same area have been paying to avoid paying more.

Check the vehicle history

If you're buying a used car, knowledge of the vehicle's history can give you some powerful negotiating leverage.

For example, if you find out that a certain vehicle has been repaired following a front-end collision, you may be able to negotiate a lower selling price due to its diminished value. Websites like EpicVin give potential buyers an easy way to review the history of a vehicle.

Look for deals and incentives

Many manufacturers and dealerships advertise finance or lease deals on their websites. You may find that a specific vehicle carries low lease terms or that your local dealer is offering low APR financing.

Buying around certain holidays or seasons can also give you a better chance of getting great deals.

Employee pricing 

Many manufacturers offer deep discounts to employees or immediate family members of employees. Be sure to take advantage of this if you are able.

Don't be afraid to walk 

You could be surprised to find that less negotiation is required to get the price you want on a car than in years past.

Even still, some dealers may be less willing to negotiate deep discounts on your first visit. Always be ready to leave the dealership if you aren't getting the deal you want.

This is useful because it shows the dealer that you are a confident, savvy buyer and they may be more likely to call you and offer a lower price.

Consumers are more equipped today than ever before to save money on car purchases. With the wealth of information available, especially online, it is easy and simple to buy with the confidence that you're getting the best deal possible.

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