Is It Possible to Save Money and Get the Car You Want? You Bet, With These 5 Tips!
Car shopping can be a difficult, grueling experience. But is it really possible to end up with the car you want, without emptying your wallet to do it? It is if you follow these five simple tips!
1. Buy at the end of the month
Most car salesmen work on a quota system that runs from month to month. Buying at the end of the month, you’ll be far more likely to run into desperate dealers trying to make their monthly quotas. If you’re especially flexible, waiting until the end of a fiscal quarter to buy your car could save you even more.
2. Do your research before you shop
Before you ever contact a dealership, it’s important to have a firm understanding of the value of any car you’re interested in. Don’t count on a dealership to give you an accurate assessment of the price. Check the price across several online resources, and pay particular attention to the Kelly Blue Book value, which is considered the industry standard.
3. Decide in advance how much you can spend
Like any other major purchase, it’s important to stick to a budget when buying a car. Don’t wait until a salesman is breathing down your neck to decide how much you can spend. Always remember to leave some leeway for other costs associated with a car purchase. These can include dealership fees, title fee, taxes, and temporary tags – and can add several thousand dollars to your bottom line.
4. Consider “extras” carefully
Remember that the auto sales industry is commission-based. For this reason, dealers will often try to push add-ons and extras to increase their bottom line. These could include major items like extended dealer warranties, rust protection and tire guarantees, as well as items as small as door mats. While some of these extras might be useful to you, always consider last-minute pitches from your dealer with a grain of salt.
5. Check with your insurance
Make sure you follow-up with your insurance company before purchasing a new car! Otherwise the great deal you get on your new car could be quickly canceled out by higher insurance premiums. Give your existing insurer a call, or research California car insurance quotes Worldclimate or other online insurance brokers.
With these tips in mind, you’re ready to start searching for your new car. Simply follow the steps outlined here, and you’ll be on the road in the car of your dreams in no time—and you won’t have to empty your wallet to do it!
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Category: Car Purchase
