Buying a car can be a daunting experience. You need to stay alert at every step of the way to make sure that the purchase turns out beneficial. According to a Harris poll of 2000 consumers, over 60 percent of the people who bought vehicles believed that they were taken advantage of at some point. It is also important to pick a car carefully because vehicles lose value very fast, so you can’t sell it later and get back the same amount.
People are always looking for a way to rise above the system and save money on buying cars. They try to find a deal that fits well with their budget and lifestyle. One definition of the best deal is that it gets you a terrific car without driving you towards bankruptcy. You are fully confident when making this deal. However, experts state that normally when people are in the process of buying a new car, they are confused and often feel exploited. To eliminate all such complexities, here are six strategies that will help you spot the best deal for a new car:
Research your options
Everyone loves a car with minimal financing. However, when it comes to purchasing a new car, there are some other factors like security and reliability to consider as well. You must acquire complete knowledge of the vehicle you plan to buy, and you can easily obtain this information online. You can find how customers are rating the new model and what are the problems faced by them. Buyers should also try to find out fuel efficiency of the model from the official website of the manufacturer. All this research will allow them to analyze the car properly. Regarding these key considerations, Jeff Bartlett, deputy editor of autos for Consumer Reports says, “All things being equal, you want to choose the model that is going to provide you with both the best safety and reliability.”
Besides that, it is important to learn how much the dealer is paying for that car. You should know if they are making a viable profit or they are keeping a hefty percentage over the cost. If the dealer gets to know that you know the original value of the car, they will avoid overpricing it.
Shop at the right time
Figure out the time when you can save the most on your investments. Ideally, it is in the early fall or mid-to-late December when dealers are ready to sell at rock-bottom prices. They have targets to meet, and they need to clear out space on the lot for new inventories. This is the reason why most of them offer attractive finance packages, so more people are compelled to come forward for purchasing the cars.
It is mainly during September or October that car buyers are advised to go for their purchase because enough models release over the summer making that an ideal time for buying a car. Whereas, some dealers hold the view that mid to late December is a perfect time to buy a car because agencies offer special bargains to attract the shoppers and push up their end of year sales.
Buy a good car that is underrated
The past few years have brought an unexpected boom in the automobile industry. It has become the biggest contributor to the federal economy and releases new models every year. Hidden inside all these recent, savvy models are some finest cars with flagging sales, you must try to find them out. Dealers offer a good price for such models because they want to move their inventory at higher levels. You can check out the reviews of that car, and it’s overall sales figures to gain a deeper insight. Once you find a well-regarded car that matches your requirements but it is not selling well in the market, then you must go for a test drive. The dealer who wants to get rid of such a car will offer a price that lies within your budget.
Purchase car online
For some people, the idea of buying something as big as a car over the Internet is unacceptable. They want to scrutinize the car in-person before buying it. Nonetheless, we cannot ignore the fact that online purchasing of cars is growing rapidly. Websites like AutoTrader, We Buy Cars, and Cars.com are making it a lot easier for car enthusiasts to study each model with proximity. They provide online reviews, research-based articles, and car valuation service to gain the maximum information and background of the vehicle. You can handle all complex procedures online, and when you are through all discussion and paperwork, they will send the car to your doorstep. Given that the overhead costs are quite low, these sites also offer some impressive bargains.
Do not test and buy the same day
Perhaps the best way to find if a car is compatible enough is that you take it for a test drive. You can go to a dealership and request for a test drive even though you are not planning to buy that car right then. Experts recommend taking multiple, in-depth test drives. Even when you are confused or cannot collect the required amount of money yet, you can always go for a test drive of the car that you plan to buy later. It is because there is a natural excitement rushing within you when you test a car and have a pleasant ride. It causes a person to overlook essential details, and if they buy the car on the same day, they will probably discover issues later on. But if you take some time between the test drive and the purchase, you can eventually figure out that it wasn’t right for you. It helps you stay away from falling into the wrong decision and wasting your money.
Keep it respectful throughout
The car dealership is a serious business. There is no point in insisting that the dealer cut down the price excessively or keep testing the cars over and over again. You must do all your homework before you enter the dealer’s office. The job of the salesperson is to help you find a profitable deal, and they will fulfill their duties if you keep it professional and polite from the beginning. Your research and analysis will help them to know your requirements, and they will then suggest a vehicle accordingly.
Many opportunities are lying out there to get a great deal on a new car. It depends on your taste, preferred level of comfort and financial capacity. Find out ways that will save you the time and negotiation stress. You might have to keep searching for a very long time, or if you are lucky enough, you will find a perfect car within a few days. The process requires resilience, patience, and flexibility. If you succeed in sustaining all that, you will soon find a great deal knocking at your door.
Audrey Throne is a mother of a 3-year old and a professional blogger by choice. The throne is passionate about lifestyle, business, automotive, technology and management and blogs frequently on these topics.
Find her on Twitter: @audrey_throne.