subject: Tips for Buying a New Car [print this page] Tips for Buying a New Car Tips for Buying a New Car
Buying a new car is not that simple. There are so many issues which one has to keep in mind before going to have a deal with the car dealer. Buying a car at economical price is a major concern. Nowadays, the emphasis of most of the dealers is on their profit margins rather than satisfaction of their customers. It is important for you to keep your interests prior to anything else and avoid common traps that can cost you a lot of money.
Here are given some of the useful tips while buying a new car which helps you save some of your money:
1. It is necessary to have a complete homework before going to showroom. If you go without any homework you might fell victim of the dealerships. They are readily waiting for the unprepared customers to prey. In this way the dealerships take control over the buying process and you can just behave like a puppet.
Whichever models you are considering, you need a lot of information about them. You need to read the reviews, have a good knowledge of fuel consumption, pricing, safety and reliability of those models. The key fact in purchasing a car is its test drive. Never finalize your deal before having a test drive of your required car.
2. Most of the dealerships make use of customer's ignorance and told them that the sticker price is the purchase price. You have to go with the starting price which a dealer paid for the vehicle but not the sticker's price. You can get dealer invoice price information easily from the websites and also in pricing guides.
It is not necessary that the invoice price is what dealer paid. Dealers are often provided with incentives and other bonuses, which lowers the paid price and give the dealers more profit margin. You need to keep yourself up to date with all this information in order to avoid extra payment.
3. Step by step negotiation is an important part in dealing for a new car. Make it clear to the dealer that you are looking for a lowest markup over a starting price. Furthermore clear before them that you will visit other dealers as well and will opt for the best offer.
4. It is better to arrange financing in advance. This will help you to keep yourself safe from signing up for high markup rates with the dealers. Some automakers also offer handsome financing terms which can be avail by fulfilling the required terms and conditions.
5. At the time of deal, some dealers may offer you some extra services like fabric protection, paint protecting products, rust proofing etc. Don't opt for these extra services. You can protect your car better than these services.
These tips can give you if not enough but at least the basic understanding of the issues which arises when you decide to buy a new car. These steps will to some an extent helps you to cope with the pitfall of the dealers.
