subject: How To Find Great Deals On New Cars [print this page] There are many key factors to consider when getting the best deals on new cars, including analysing the many different options, knowing when to buy, researching loan options, rethinking extended warranties, and much more. Keeping these things in mind when searching for the best car deals can save money, time and effort.
The best option for finding great car deals is to first figure out how to purchase the car. Leasing and purchasing are the two main methods of buying a car. Weighing these two options heavily before deciding on one that fits your lifestyle, family and work obligations, is essential. For example, leasing a car enables one to drive a brand-new car with a monthly payment and then return it; the drawback to this option is that usually mileage is restricted, meaning the cost could be dramatically increased it the mileage is exceeded, plus fines can incur for returning the car before the lease term ends. For those who like to travel, or have lots of activities that require the use of a car, leasing may not be the best option.
Knowing when to buy is another key point to keep in mind when looking for the best deals on new cars. Most car dealerships offer special deals and even great financing at the end of month, auto manufacturers offer dealerships monthly incentives, giving the buyer a chance to get great car deals. Some dealerships will offer thousands of pounds off a particular type or brand of car, or some may offer special features for free, such as a great stereo system or high-end tires.
Researching loan options keeps the buyer from signing a loan agreement that has extremely high interest and finance rates, even a one or two percent (1-2%) difference can save hundreds of pounds by the time the car has been paid off. Always check with a variety of financial institutions first to get the best loan available for the vehicle. Since most dealerships are the middlemen between the lender and the buyer, the interest and finance rates are almost always higher.
Lastly, rethinking an extended warranty can also help in getting the great deals on new cars. Always make sure that the warranty is actually needed, most factory car warranties are more than sufficient for most people, covering essentials like air conditioners, compressors and radiators.
