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Tips for Buying A New Car

June 25th, 2008

car-buying-tips.jpgThis article by Kristin Goodman provides some good beginner’s tips for those who are looking to buy a new car for the first time. As with most other significant purchases, it ultimately comes down to doing the proper research beforehand and avoiding impulsive buying decisions. Meanwhile, if you need to obtain financing for a car and want to figure out what your payments might be, you can look at my previous article on simple interest amortization.

Imagine driving to a car dealership, purchasing the brand new car of your choice and being back on the road in 20 minutes. Impossible? It’s not! Not only can you buy a brand new car without the usual hassle, but you can get the exact price you want (less than the manufacturer’s suggested selling price). Here’s how:

  1. Do your homework. The Internet is a wonderful tool! Once upon a time, car buying meant physically going to a car dealership and talking to the (somewhat overzealous) salesmen. Now, you can shop for a vehicle in the comfort of your home! You can compare prices, research options for the vehicle of your choice, and determine what vehicle fits your budget. You can even research the value of your current vehicle prior to selling it! By the time you set foot on the car lot, you are an educated consumer, and you know exactly what you want.
  2. Let’s make a deal. If you’re not comfortable with face-to-face haggling, you can still get a great deal. Many car dealerships allow you to contact their Internet sales department online and make an offer. Once you know what the vehicle is selling for at one dealership, you can negotiate with another for a lower price.
  3. Application made easy. With the size of a loan application these days, it can take longer to complete the paperwork than it does to decide on a vehicle! Once you’ve reached a deal, have someone at the dealership email or fax you the required documents. You can submit all the required information before you even get to the dealership, saving you lots of time.
  4. Make an appointment. Once your vehicle has been selected, your price negotiated, and your financing in order, talk to the representative you’ll be meeting with. Pick a time that works best for you (mid-week evenings are usually a slower time for dealerships) and make an appointment to wrap up your deal.

With everything in order, you will literally be out of the dealership cruising down the road in your new car quicker than it takes for a trip to the grocery store. You will have saved yourself lots of stress and can now just relax and enjoy your brand new car!

One Response to “Tips for Buying A New Car”

  1. comment number 1 by: chilton

    When I bought my first car. First thing I ask is the mileage of the vehicle and if they are a licensed car dealer. When choosing a car make sure everything works properly. Check the tires the brakes and also the hood of your car. also ask for manuals available for car repair.

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