Posted on 12/30/22

How To Get The Best Deal On Your Next Car Purchase

How To Get The Best Deal On Your Next Car Purchase

The exact same Nissan Altima was offered for sale in Southern California in a recent study. The prices of the Nissan Altima ranged between 20K and 26K. However, savvy car buyers saved more than 5K. The most expensive buyers walked in to the dealership without doing any research on prices or comparing them.

  1. Do Your Research:

Before you start shopping for a new car, it's important to do your research and gather as much information as possible about the make and model you are interested in. This can help you determine a fair price and negotiate from a position of knowledge.

  1. Shop Around:

To get the best deal, it's a good idea to shop around and compare prices from multiple dealerships. This will allow you to see the range of prices being offered and help you negotiate a better deal.

  1. Negotiate:

Don't be afraid to negotiate the price of your new car. The sticker price is often negotiable, and it never hurts to ask for a lower price or to try to negotiate additional perks or features.

  1. Consider Leasing:

Leasing a car can be a good option if you want a new car without the commitment of ownership. Leasing can often be more affordable than purchasing a car, and it allows you to drive a new car every few years.

  1. Look for Incentives and Deals:

Car manufacturers and dealerships often offer incentives and deals to attract buyers. Be sure to look for these opportunities, as they can help you get a better deal on your new car.

These tips will help you find the best deal on a used or new car.

1. Expand your search. It's easier and cheaper than you think. Don't forget to search beyond the 150-mile radius for a great price. (Yes, we do admit to being biased towards this tip )...

2. Online tools like TrueCar and Kelly Blue Book allow you to verify the actual price. Keep track of the lowest price for the make and model that interests you.

3. Email dealerships with your vehicle in stock and ask if they can match it or offer a better price.

4. Send another round of emails asking for the best bid.

5. Get in touch with the sales manager that provided the lowest price and confirm that it is the "out-the-door price". There may be additional fees or charges later.

Additional helpful car buying tips:

  • Do not be tempted to spend more simply because the dealership says they will stand behind your vehicle. Most dealerships that are reputable have service centers as an additional profit center.
  • Do not offer your vehicle as a trade-in. Although it provides convenience, you almost always get more for your vehicle if it is sold directly.
  • Do not get attached emotionally. There are always hundreds of vehicles just like the one you have, no matter how well-suited it may be.
  • Do not rush. Don't rush and shop around.
  • The monthly payment should be considered in relation to the total sale price and not the monthly payments. To save a few dollars per month, you'll end up spending thousands more because of higher interest rates.

By following these tips, you can get the best deal on your next car purchase. By doing your research, shopping around, negotiating, considering leasing, and looking for incentives and deals, you can help ensure that you get the best value for your money.