Buying a new or a new-to-you car is not an easy situation. There are many things that go into a car purchase, plus it's most likely one of the biggest purchases you will ever make (except for possibly a home or college tuition).
Don't worry, though, as there are plenty of ways to save money when buying a car.
Below are some of the many ways you can save money when buying a car.
Before you even start looking at cars, you should think about what your car buying budget is. This is so that you don't get caught up and fall in love with a car that is no where near your budget.
2. Don't always assume a new car is more expensive.
There is a myth out there that buying a car that is one or two years old is always a better deal than a brand new car.
The truth is that this is completely FALSE. Many new car dealerships are given incentives by car companies to move cars, even if that means selling them at a loss because they will make up for the loss through bonuses.
3. Shop around for financing.
You should never just take the dealer's financing offer unless you are 100% positive that it's the lowest you can get.
Sadly, many people just take this number without even thinking, but this is a way that many dealerships make their money so they often don't have any reason to offer you the best rate unless you tell them that you have shopped around.
Almost all cars can be negotiated in price. If they cannot be negotiated when it comes to price, then you may be able to get some free items thrown in (such as free oil changes, free add-ons, and more), a higher trade-in value, and more.
5. Ignore the monthly payment.
Too many car buyers are solely focused on what their monthly payment will be. However, the problem with this is that while your payment may seem affordable, you may be paying for it still 8 years later. Who wants to still be paying for the same car for EIGHT years? Not me!
Instead, you should look at the total price of the car and see if it is in your budget.
What car buying tips do you have?
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