Are in the market for purchasing a new car? Do you want to know where to start and the get the best price for your car for choice? Here are some tips on buying a car for the lowest price.
1. Price of the car– Once you have found the car that you are looking for, find out what the invoice cost of the car was for the dealership. This is different than the MSRP cost (Manufacturer’s suggested retail price). You can contact the Consumer Reports New Car price service for a small cost. You can save yourself hundreds if not a thousand dollars in doing so. Start the negotiations $300 to $500 over the invoice price.
2. Look for rebates – Look for any dealership rebates and/or incentives to help bring down the cost.
3. Price out your trade in – Don’t even talk about a trade-in until you have agreed upon the purchase price of a new car. Dealerships will give you a good price for the new car and try to talk you down from the trade-in to make more money for them.
4. Be flexible – Don’t be picky on the color and the features inside a car. This makes it a little more difficult to negotiate as they might not have that car on the lot.
5. Take your time -Many car salesmen try to sell you a car on the spot as they don’t want you to leave, because they think that you won’t come back. Take time to rethink it, look over the paper work, and resubmit a new over. Chances are that they may call you back in the meantime with a better offer.
6. Other expenses -Car salesman will also make the final price of the car really good, and then charge you in other areas like your trade in, extended warranty, dealer and manufacturer fees, license and registration fees, and maintenance fees.
7. End of the month -Go in towards the end of the month. During this time salesman are trying to make their monthly quotas so they are more willing to give you a better deal.