- Posted May 1, 2014 by
How To Get A Great Deal On A Car
Buyers can get a great deal on a car by researching pricing, shopping around and negotiating for deals.
Here are a few ways you can save money the next time you buy a car.
Research pricing beforehand online. Sites like Kelley Blue Book and Edmunds are solid resources. You can also check your local Craigslist ads in order to get approximate pricing for specific vehicles. Make sure to shop around; most dealers have their inventory available for online browsing. Search online to see if there are any current incentives available on the car of your choice. Sites like Edmunds also provide auto reviews which makes it easier to compare and contrast vehicle specs and pricing.
You also may want to consider purchasing a vehicle from a private owner. Cars sold by private owners are generally more affordable but come with a higher risk since there won't be a warranty. If you purchase from a third party seller make sure to run a Carfax report in order to view the car's history including number of previous owners and accidents.
Remember that you also have the option of obtaining financing through your personal banker or credit union. Obtaining financing through a dealership is an option but not necessarily must. Order a copy of your credit report beforehand from the three reporting agencies; Equifax, Eperian and Transunion. Make sure that there aren't any inaccuracies on your file. A lower FICO score can affect your ability to obtain a loan with favorable interest rates.
Shopping around and negotiations are musts if you want to save money. If the sales associate isn't willing to negotiate you have the option of asking for a manager or supervisor. The first price offered by a dealership can usually be negotiated down. Some buyers may find it more convenient to bargain or negotiate for prices online since most dealers have an internet sales manager.