How To Save Money On A New Car

By: Shaan Randow

The price of cars these days is just out of this world. You canfigure on spending upwards of $30,000 for a family van. Nowonder a lot of people are opting for used cars. Even withprices creeping up and up there are still ways for you to savemoney if you have your heart set on a new car.

The first advice I'll offer is to do your homework before youapproach a dealership. There is an endless amount of informationavailable on the internet. Every car manufacturer has a website,dealerships have web sites. See what deals they are offering onwhat models. Check on the edmunds.com website for information onretail prices for new and used cars of any make and model. Youshould, before you even pull into the dealership, have aballpark figure of what your new car should cost, including anyspecial packages you may want.

A lot of dealers have taken the haggling and pressure out of newcar buying, which many of consumers like. Remember the days whenyou'd ask what the price of a car is and the salesman wouldreply "how much can you afford to pay a month?". You never knewexactly what you were paying for your new car until you were atthe desk ready to sign the contract. Today we are educatedconsumers and those days are gone forever.

You will be able to get a good deal during the end of model yearsales. The dealers will make just about any deal to get an oldermodel off the lot to make room for a new one. Also, go into thedealership at the end of the month. Your salesman will be doinghis best to sell a few more vehicles to up his commissionpayment.

Get the bottom line price for that new car before you talk abouta trade in. Generally the first thing a salesman will ask is ifyou have a trade in. Say "no". If your salesman knows you have atrade in it will affect the price you pay for your new car, nodoubt. If he makes you a ridiculously good deal for your tradein you can believe that the price of your new car will reflectthis. Make sure you know what the value of your trade in is.Again you can check edmunds.com. Take you car to a variety ofdealerships and get an idea of this price from them.

The bottom line is to do your homework. Get a price for the newcar from several different dealers. There is nothing wrong witheach of them vying to give you the best deal.

Consider your finance charges. Get a quote on the interest rateyou're offered from the dealership, then check with your bank orcredit union to see what type of interest rates they offer

New Car Buyers
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