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5 Tips on the Best Way to Buy a New Car

5 Tips on the Best Way to Buy a New Car

5 Tips on the Best Way to Buy a New Car
June 12
10:33 2018

In 2016, 17.6 million cars were bought and sold in the United States. But were all those buyers happy with their purchases? Probably not. This is because, when it comes to buying cars, too many people are flying by the seat of their pants.

You don’t want to be that guy. To avoid the buyer’s remorse, you need to be diligent in your search for a new car at the best price. In this article, we’ll give you 5 tips on the best way to buy a new car.

1. Do Your Homework

This should go without saying, but you need to do your research when looking into a buying a new car. More specifically, you should try to find all the specifications of the cars you’re looking into, read reviews from other buyers, etc.

You should also try to find the wholesale price of the vehicles you’re looking into, not the MSRP. This price will tell you how much a car dealer paid for the car, which will help you in negotiations.

2. Get Pre-Financing Options Lined Up

If you’re going to need to get financing to pay for your car, you should look into your options before heading to the dealership. Dealerships have their own financing options, of course, but they often carry absurd interest rates.

You can get a better deal.

3. Haggle & Hassle

The most important thing to remember when dealing with a car salesman is that they’re there to make money off of you. They don’t want to give you the best deal, so you’ve got to fight for it.

No matter what they say, the MSRP is negotiable. If you’re armed with the wholesale price information, it makes it even hard for them to bluff you on their “non-negotiable” pricing.

4. Don’t Tell Them About Your Trade-In

If you’ve got a car that you’re planning on trading in, don’t tell them about it until the end of the buying process. Otherwise, they’ll likely factor in the value of the trade-in into the final price they’re going to settle on.

For example, if you’re trying to bring a $30,000 car down to $25,000, the salesman may only go as low as $27,000 if you’ve got a trade-in with a value of $27,000. So hide your hand as much as possible at the dealership.

5. Don’t Impulse Buy

Lastly, and most importantly, always keep the gravity of this purchasing decision at the forefront of you’re mind. You’re making an expensive purchase on a vehicle that should last for years. You don’t want to make the wrong choice.

So make sure not to make any impulse decisions, no matter how sure you feel about it. Just sleep on it. The car will be there in morning.

Now That You Know the Best Way to Buy a New Car…

It’s time to go hunting! Hopefully, this article on the best way to buy a new car will help you from getting duped or making a regrettable decision.

If you’d like more advice or information on cars, be sure to check out the Auto News section of our website.

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