Shopping for a car is stressful if you’;re not sure what you are doing. Getting a good deal, and getting a car that’;s in good shape are what you’;re probably looking for. This guide will teach you the basics of car shopping. Read below and learn what you can do to make the experience go smoothly.
Think about buying a used car instead of a new car. When you buy a new car it loses thousands of dollars of value the minute you drive it off the lot, but a used car has already lost that value. So if you buy a used car it will be worth what you pay for it.
Plan to buy at the end of the year if you can. This is the time when the best deals are available; not only is the calendar changing over, but new vehicles are rolling on to the lot. Begin shopping in October, although keep in mind that December might be the best month to get a low price.
If you are trading in an automobile, visit your local library and find out the value of your car. You can also look this information up online in several different locations. By having the trade-in value of your car and the retail value of your car you can negotiate better.
Before going car shopping, clean all personal items out of your car. Doing this one thing will save you considerable time at the dealership. This will also ensure that you do not leave behind important documents such as insurance papers. Nothing is worse than getting home and realizing the you left something in the car you just traded in.
When negotiating terms on a car note, think about your budget seriously. Don’;t max out your budget with a car payment or settle for what you can afford. Undershoot the payment, so you can pay more each month, saving yourself on interest and paying the car off much faster.
Get every offer, including fees, rebates, financing and terms, in writing and then compare them all. This lets you compare apples to apples, viewing the options on paper side by side. If you don’;t get it in writing, you may not be able to hold them to their offer later either.
Shop around for a lender before you finance your car’;s purchase. In many cases, the best financing deals are not found at the dealership. By shopping with local banks and your credit union, you can feel confident that you are getting the best deal when it comes to your interest rate and terms.
Never purchase a car the same day that you find it. A rule of thumb is to sleep on the decision. That way you have time to think about the pros and cons of the car and how much you think the car is for you. Do not worry that the car will be sold in the meantime as there are many more out there.
Now that you know what all you need to do when you go car shopping, you should feel more comfortable. Don’;t allow the car of your dreams to slip away! Put this guide to use and you’;ll find that you’;re able to get the car you want with less effort.