My husband’s car has seen better days. In fact, it’s actually almost ten years old. Although it has been around for a long time, I believe the mileage is only about 60K… not bad for a ten-year old vehicle! However, we are planning on upgrading that car within the next year or two. Here are tips to keep in mind when you are looking to purchase a vehicle.
Car Buying Tips To Get The Best Deal
1. Research is key!
Nowadays, it’s easy to research everything about a car before you actually make the purchase. There are many car comparison websites out there that can let you easily see all the features of your top vehicles in one convenient side-by-side comparison. Before you head to the car lot, be sure to find out the MSRP, the typical resale value, and other basic stats of your preferred vehicles.
2. Be ready to negotiate!
Don’t assume that the sticker price is the best price. Buying a car is one of the biggest investments you will make, so make sure you’re getting a great deal. Based on the research you have already completed, be prepared to drive a bargain at the car lot. Be confident & assertive, and don’t be afraid to walk away if the deal does not benefit you.
3. Consider pre-owned vehicles!
Did you know that vehicles typically lose a lot of their value once the car is driven off the lot? Let someone else take that financial hit, by purchasing a pre-owned vehicle. If you find a vehicle that is only one year old with minimal mileage, you are still basically getting a vehicle that’s (most likely) going to last many years, but the price is significantly reduced over the price of a brand new vehicle.
4. Don’t discuss the trade-in right away!
When negotiating with the car salesman, don’t reveal the fact that you want to trade in your old vehicle right away. Negotiate a great price on the new car and after you’ve agreed on a purchase price, bring up the fact that you have a trade-in. It’s always prudent to keep the negotiation of the new car and that of the trade-in completely separate conversations.
5. Skip the extended warranty!
In general, the extended car warranties offered by dealerships are costly and unnecessary. The coverage is not usually that great for the typical consumer and the cost of the warranty makes it unlikely you’ll recoup your warranty premium.
I’d love to hear from you now. Are you looking to purchase a new car? What is your best tip for getting a great deal?
This is a sponsored post. All opinions are mine alone.