Purchasing a car could be one of your biggest investments and you may not want to mess yourself. Because you’re not a good negotiator, you may need to find possible ways of making sure you secure the best deal.
Below are five handy tips that will help you get a better price on your new car.
1) Stick With a Stick
It’s no secret anymore that manual cars are cheaper compared to automatic vehicles. With a manual car, you can save up to $30,000 annually throughout your driving lifetime. This is because, a manual car consumes less fuel, have better gas mileage, and they have less costly brake repairs. So, if you don’t mind owning a dependable used car, then a manual car will be your perfect match; it will cut off some costs that you would have incurred if you purchased an automatic car.
2) Look For Older Dealer Inventory
If you’ve made up your mind to purchase a car, it is advisable that you go for cars that have stayed in the lot for long. Sellers will be willing to sell such cars at fair prices. So, this is the right time to jump right in and take advantage of the opportunity.
You can spot cars that have stayed in the lot for long easily because they are usually dusty and have odd paint colors. If the car you’ve identified has lasted between three to four months, then the invoice pricing could favor your financial budget.
3) Timing is Also a Tactic
Being a schemer could also help you secure the best deals out there. Know when the dealers desperately need you more than you need them. Yes, it’s true that dealers at some point may need you more than you need them. This always happen at the end of the year when most of them want to keep their financial records balanced.
Another hack is to shop during the winter when the demand for cars have decreased. The dealers will be more than willing to negotiate with you. Grab the opportunity and get the best deal you could have ever imagined of.
4) Rent Your Desired Car Before You Buy
Purchasing a car is not just going to the shop and purchasing some pair of shoes; a car is a machine and you need to take time to make a decision. You can decide to rent the car you wish to buy to learn more about it. During this period, you get to know the merits and demerits of the car and decide whether it’s your perfect match or not.
5) Find the True Cost of the Car
It’s not the best idea to go and purchase a car before knowing it’s true price. Doing so will give the dealer an opportunity to exploit you if he or she learns that you are not aware of the price. Therefore, it is advisable that you shop around and know the price range so that when you finally go to buy, you have a rough idea of the price.
When you want to purchase a new car, it’s normal that you may get curious, but also remember that patience is a virtue. Take your time and know what’s best for you to avoid spending more.