Some people hate shopping for a brand new car. If you are one of these people, you should learn as much as you can beforehand. Take a look at the following information and be prepared for your trip to the dealership.
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.
When you’re making a vehicle purchase, try keeping the fuel economy in mind. You may feel the need to buy a V-8 that can tow things. However, you should think about whether you will really be taking full advantage of these features.
A great tip for those looking to buy a used car would be to research what the resale value of the car is. Look at the Kelly Blue Book value and compare it to the condition that the vehicle is currently in to see whether or not the price is fair.
Most salesmen will have monthly goals or quotas to make. If you go car shopping at the end of the month, you will be able to get some interesting deals. Salesmen who are missing a few sales will give you a great deal to meet the quota. This can help give you some wiggle room with your negotiating.
If you are car shopping and want to test drive some different cars, make sure you bring your license and insurance card with you. Many dealers will want a photo copy of them before you drive. This is just to protect them in case someone steals or damages a car. If you do not have them with you, they might not let you test drive.
Demand a safety report and vehicle history report from the dealer. Any good car dealer will have these items available for any vehicle on the lot. This is information that will tell you how safe the vehicle is as well as any major accidents or work that has been needed on the car.
Be careful about giving out a social security number. Many dealerships will try to get this information from you early in the game, and they will run your credit. Having your credit checked for no reason can hurt you when it comes to getting financing. Therefore, wait until you have negotiated a deal before giving out your Social Security information.
Understand the financing office. Most dealerships make the bulk of their money in the financing office. Your interest rate, extended warranties and other add ons are all sold at a premium once you are in there. Understand this, and select any of those options carefully. Most are not necessary for the average car owner.
Purchasing a new car comes with all different kinds of emotions. To have a positive car shopping experience, you need knowledge. Use these tips, and you’ll be ready to make the best choice.