So you have done your research online and you have browsed all the models that you have been interested in a long time. All you have to do now is visit the dealers and settle for your preferred car. Before you finalize matters, we have the following tips for you:
Get Preapproved for Financing
The teaser rate which is often advertised in the newspapers and written ‘as low as 0 %’ by the time you reach may not be available for you to cash on. To be able to avail this opportunity you should have a gold-plated credit rating on your hands.
So if this happens to be your first purchase of the brand new car you will, unfortunately, won’t be able to qualify. In the meantime, it is important that you develop an understanding of how much money you should borrow (given your financial standing) before you actually seek to deposit monthly installments based on an assumption that you qualified for that 0 % whereas, in reality, it is 3.9 % which you qualify for.
Test Drive Elsewhere
You may be thinking that new car is all about shopping for a car. It certainly is but taking that test drive during the purchase shouldn’t be a part of it. It needs to be carried out separately from the point of actual (potential) purchase.
There is a trend where manufacturers and dealers are allowing for test drives at subsidized offerings at auto shows and you should consider this as an opportunity and test it out without the pressure of making any purchase the same day.
Another technique to experience separate test drives and to make it to the venue by reserving your spot is by following the manufacturers. You can follow different manufacturers on Facebook and register for newsletters. This way you will have the chance to seize the opportunity by securing your place into preview events and there the test drive can be taken in a more relaxed environment.
Get Internet Quotes
Don’t take dealerships for granted as most of them are tech-savvy individuals and will be happy to help you out with a quote. You can ask for it from them from the comfort of your home. Select a car that you’d be interested in and contact the dealer right away to inquire about a quote.
Once you have the necessary information or when you are fully equipped with the details about a car (its price and specifications), upon visiting the dealer you are in a better position to make an informed decision as to whether to proceed with the purchase or not.
Separate the Trade
When you are trading a car, it can be commonly noticed that newbies in the field are leaving behind higher sums behind where they could have easily scored more during the trade. Always know if your Japanese used vehicles have too much mileage or the condition is bad or the CarFax isn’t clean then that car is of no value to the new car dealer.
There is always a high probability that you are going to make more if you were to sell the used car by yourself instead of involving a dealer.
Service the Car at Your Current Dealer
It may appear to be unreasonable on the face but it is actually responsible for producing results. Your mind is made to buy a new car so it is imperative that you sign up for the dealership’s newsletter where they tend to have service coupons.
These coupons can get you, say oil change for less than that you’d have paid for changing the oil yourself. Moreover, if you are driving the car in the service lane, many of the dealers will pitch you right then and there (while you are in the lane).
It all comes down to how well your homework is at the end of the day; the value of your trade, awareness as to how much financing you credit standing allows you to get approved for, preemptively seeking internet quotes beforehand and within no time you’ll be driving the brand new car home. If nothing, your service charge/cost will be very cheap.