Save Money on Buying a New Car
Purchasing a new or used car is often the most expensive purchase you will make in any given year. That is why you should spend time researching your options so you are prepared when you walk into a dealership.
Research Reliability and Fuel Mileage
Maintenance costs and fuel mileage should be considered when buying a new or used car. Use a website like Consumer Reports to find models that perform well.
Research Prices Online
Yahoo! Autos is a great place to search new and used cars. You can see the MSRP and invoice prices, along with reviews of the make and model you are interested in purchasing.
Get Free Car Quotes
Another option is Automotive.com's free new car quote tool. It allows you to get a quote from a local dealership in your area.
Negotiate with the Dealer
Ask for cars that have been on the lot for a while. After a certain time period, dealerships have to start paying interest on older cars in the lot. In those situations, they may be more willing to negotiate on the price in order to sell the car.
Finalize Your Trade-In First
If you have a trade-in, negotiate the trade-in price before discussing financing options on the new car. Also, be willing to check multiple dealerships to get the best trade-in value because prices can vary significantly.