Buying a new car is not just as simple as going to the dealer and getting one for you. The real player is the one who finds the best deal which is quite tuff in car industry.
If you are planning to buy new car, do your homework. You need not to get yourself a new car buying guide, but you should keep in mind some points that will surly help you get best new car deals. So, here are few important tips on buying a new car:
Set Your Budget
First thing to be done after the idea of car buying pops into your head is to set an appropriate budget. Proper budget must be determined before you proceed in buying a new car as it helps you decide how much you are willing to pay but do leave some room for the negotiation when it comes to the dealer’s price. This will not only help you maintain your financial budget but also lead to a fruitful negotiation with dealer.
Do Your Homework – Some Research
Once you are done with your budget, now it’s time to do some research. Decide the model you want to get for yourself. An important word here is that go for cars that are available with dealers in abundance, because for such models you will get a better deal as dealer would wish to clear the lot as soon as possible. After deciding your choice, study it. Do search for its good and bad. It will let you compare the prices at different vendors and be the leader during negotiation.
Look for the Best Deal
One should always be clear about how to buy a car. It is not as simple as buying a shampoo from a nearby departmental store. Try looking for car which will attract least car tax, mainly greener cars. You need to be smart and patient. If you wish to finance your new vehicle, look for deal that suits your needs. Try not getting lured by attractive finance offers or extra incentives like insurance covers etc rather stick to negotiation over the car price.
Prefer Buying the Car at the End of the Month
It can help you get the best possible deal. As the end of the month arrives, the dealer rush to boost their sales figures to either complete their sales quota or get maximum incentives, so, this is the most appropriate time to buy a new car as dealers are ready to lower their prices. Most of the manufacturers provide highest rebates and dealership money by the end of the model year i.e. during months of March, April, August and September. Also, Saturday mornings are good to get a car since dealers tend to maximize their sales as going to the weekend.