buying Five More Ways To Save When Buying A New Car

18:35  12 december  2017
18:35  12 december  2017 Source:   forbes.com

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If there’s a hot new ride just being introduced to the marketplace that everyone wants, see if you can put off it until prices may (possibly) drop a little. Following Qualcomm, Intel Announces 5G Modem For Phones And Self-Driving Cars . Your Reading List. Five More Ways To Save When Buying A

When we needed a new (or at least new to us) car several years ago I was afraid it would cost us too much and dreaded the negotiation process. Knowing Your Budget is a Great Way to Save Money When Buying a New Car .

person in a green car parked on a city street© Provided by Forbes Media LLC

Last month, we brought you Six Ways To Avoid Paying Too Much For Your Car This Winter. Here are five more points to ponder as you prepare to walk into a dealership.

Research

Research

1. Don’t be in a hurry.

A consumer who needs wheels right now, today, is gold to a dealer, especially if you let them know you’re currently without a car due to a crash or sudden malfunction. Take your time, plan as far ahead in advance as you can for your purchase, and be willing to haggle or walk away if you don’t like the deal on the table. If there’s a hot new ride just being introduced to the marketplace that everyone wants, see if you can put off it until prices may (possibly) drop a little. Being in a rush will almost always cost you money.

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I love it when you buy a car that comes with Free Oil Changes for life and Free Car Washes for life. These deals will come with many of the added benefits or warranty’s that new cars come with, without the hefty price tag. 16 Secret Tips To Help You Save When Shopping At Target!

We're taking much longer to pay off our car loans. While three to five years was once standard, today, dealerships offer low monthly payments over periods as long as 96 months. Making matters worse, many of us buy new vehicles before paying off the old ones.

a red car© Provided by Forbes Media LLC2. Obtain financing yourself

You can get pre-approved for a loan before you start shopping by applying to different banks and credit unions willing to give you a good deal. Keep all the applications within a 2-week window and the loan applications will count as one transaction so your credit is less likely to be affected. When you decide who you’re going to make the loan with and go with them, you have about 2 months to pick a car. Also, if the dealer really wants your business, he or she may make you a better loan offer if you already have one in place.

a car parked on the side of a road© Provided by Forbes Media LLC3. Get educated

Websites like JDPower.com, Edmunds.com, ConsumerReports.org and NadaGuides.com offer an incredible wealth of information easily digestable by anyone willing to put the time in. Edmunds.com features a “true market value” comparison system to show what purchasers are paying in your state and town as well as across the nation. These numbers don’t lie, and any dealer wishing to close a sale most likely won’t argue with data obtained from the above sites. Also, experts say, everything is negotiable, despite add-on fees you’ll see in preprinted auto sales contracts. Finally, find out what incentives the manufacturers themselves are offering for the model you’re looking at.

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Plunking down beaucoup bucks for a new car isn’t exactly the most money-savvy move by traditional standards. But I do expect you to find every possible way to save . Here are a few tips for buying a new car that should sound vaguely familiar — and a few that might surprise you.

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a car parked in a parking lot© Provided by Forbes Media LLC4. Shop for your ride during the off-season and save

Got your eye on a convertible? Buy it when the weather’s ice-cold and no one else is thinking about flop-tops. Is the end of the year approaching? Get down to the dealer, because all their current models will become last year’s models the split second the calendar flips over to January. If that’s not possible, shop toward the end of the month when many salespeople are anxious to make their quota and may offer better deals.

5. Shop your trade-in around

The dealer selling you a new ride isn’t always the one who will offer the best price on your trade-in. Take your old car around to a few dealers and see who will offer you a good price on an outright sale, or consider selling privately. If you own a popular model, have maintained it well and kept all the repair records, you’re almost always guaranteed to get a good price.

MORE FROM Josh Max, Contributor

Check Out The Absolutely Insane Interest On This Exotic Car Lease .
You would assume that dealers selling high-end cars would be less inclined to try to take advantage of folks on that level because they understand it’s bad for business. This bonkers lease, though, goes to show that even wealthy buyers have to run the math. I got a tip from someone who tried to acquire an exotic car and thought the payments were a bit high given that he was leasing it and not buying it. So I requested a copy of the quote myself and what I saw absolutely stunned me.The vehicle in question is a 2012 Audi R8 4.2 with a manual transmission with a purchase price of just under $100,000.

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