If you’re searching for a new car, it pays to use insider information to save money and secure the best deals. Whether you’re looking at brand new cars or second-hand vehicles, there’s always an opportunity to drive down costs. Here are some useful tips and tricks to bear in mind next time you’re in the market for a new motor.
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Set a budget
The most important thing to do when you’re searching for a new car is set a budget. Your budget will affect the range of options that is open to you, and having a figure in mind will prevent you from overspending. Whether you’re buying outright or paying installments, set an upper limit, and do your research to see what you can get for that price. If you’ve got information before you go to garages or you start looking through private adverts, this will put you in a better place to negotiate.
Learn the lingo
If you’re in a dealership, you may come across different terms that relate to the price of the car, the market value and the fees charged by that particular dealer. The invoice price, for example, may be different to the MSRP, the manufacturer’s suggested retail price. If you’re interested in a particular make or model, get some quotes, compare prices and ask questions about the price breakdown. More information about pricing is available to read at Car-Buying-strategies.com. If you’ve learned the lingo and you’re familiar with abbreviations and terms used by sellers, this will show that you have an understanding of the industry, and it could help you to secure a better deal.
There are many instances when you pay the price on the ticket without attempting to haggle, but buying a car is not one of them. The price you see is a guideline, and almost any seller will be prepared to move. When you’re conjuring up a figure to go in with, be realistic. Start low, but don’t insult the seller. If you start below the price you’re willing to pay, this gives you the opportunity to increase your offer up to a value that is affordable for you. If the dealer won’t accept your final offer, stand firm and bide your time. They may assume that you’ll keep going up and then change their mind when they see that you aren’t willing to exceed the final proposition. Competition is fierce in the automotive industry, so it’s really useful to try and play sellers off each other. If you’ve got a better quote, ask a dealer to match it or try and beat it. This will drive down the costs and ensure you get more for your money. For more haggling tips, check out https://lifehacker.com/the-best-techniques-for-negotiating-with-car-dealership-1649443251.
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If you’re shopping for a new or used car, it pays to try and drive down the cost. Set a budget, do some reading so you have an idea of what you can afford, and learn the sales lingo. When you find a car you like, haggle on the price and be prepared to shop around for the best quotes.