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Cheap Car Buying Tips

 


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The cost of cars is shooting up and you have to be ready to pay big bucks for a family saloon. The option of buying used cars is now as enticing as it has ever been but if you have decided to buy a new car, there is some advice and tips available to make the procedure that much easier.

First, do some research on the car you are interested in and only then approach a dealer. The internet is a great a tool for attaining this information and you can go onto the dealers’ website to find out what deals are being offered. Edmunds.com is a great car buying aid and can be checked for updates on prices of new as well as second hand cars.

Before entering the dealership store, it is important that you have an estimate of what the price you are looking for is, including any special packages that may be available. Many dealers have reduced the pressure of buying a new car from the customers and gone are those days when you asked for the price and the salesperson would reply by asking how much could you afford in one month. You never really got to know the exact price of the car until you were sitting down with a contract in your hand.

Those days have finally gone and one will find that the best time to really make savings is at the end of the sales year. This is when the dealers are ready to do anything to get rid of old models from their showrooms, which means lower prices for the buyer. Another good ploy is going to the dealership at the end of the month. This is when the salesperson will try to sell as many cars as he can so that he can get the highest monthly commission he possibly can.

The lowest possible cost of the car should be known before talking about a trade in. The first thing asked by a salesperson is whether you have a trade in. Just reply by saying no because if the salesperson knows you have a trade in, it is going to affect the final price of the car. Even if he comes up with a great deal on a trade in, it will still reflect in the cost of your new car. You value of your trade in should be known to you. Again, this is where Edmunds.com can come in handy.

In conclusion, you must do your homework before setting foot on the dealer's forecourt. Ideally, many different dealers should be sounded out to get an overall idea of prices. There is certainly nothing wrong if all the dealers fought amongst themselves to offer you the best deal. After all it's their job and it's your right to try and obtain the cheapest deal available. One last thing you should do is copy a quote of the interest rate that the dealers are offering you and then check with your bank to see what the differences in the interest rates are being offered.

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