It’s easy to see why so many consumers dread replacing their current vehicles. After all, the car buying process is stressful, and even a low-end vehicle represents a significant investment to many households. While there’s no denying that automobiles are sizable purchases, there are a number of easy ways for smart shoppers to save a bundle on their next vehicle. So, if you’re currently on the hunt for a new car and looking to save as much as possible, put the following pointers to good use.
Consider Going the Pre-Owned Route
It’s not hard to understand why many people have an aversion to pre-owned vehicles. After all, purchasing a car that was originally owned by someone else means inheriting any damage the previous owners caused to the vehicle. And while this is certainly a valid concern, it isn’t always accurate. Many dealerships make a point of repairing assorted mechanical and cosmetic issues before making pre-owned vehicles available for sale. Secondly, in the case of certified pre-owned cars, you’ll have a number of convenient guarantees from vehicle manufacturers.
So, if you’re looking for an effective way to save big on your next vehicle purchase, going the pre-owned route is certainly worth considering. For one thing, if you’re open to buying used, you’ll have a much larger array of vehicles from which to choose, as well as a wider assortment of vehicle amenities. Furthermore, used cars are generally slower to depreciate in value, as many of them have already undergone the bulk of their depreciation.
Don’t Be Shy About Haggling
Not wanting to engage in haggling is perfectly understandable, especially if you don’t view yourself as a great dealmaker. However, when it comes to something as expensive as a vehicle, there’s no reason you shouldn’t strive to get the best deal possible. Furthermore, automotive salespeople are no strangers to haggling, so you needn’t worry about your requests for a better deal coming off as inappropriate.
To help strengthen your bargaining position, do a bit of online research before proceeding to visit a dealership. After identifying a vehicle that interests you, look into the car’s Kelley Blue Book value and take note of the prices various dealerships are selling it for. Additionally, when trying to make a deal with a salesperson, take care to maintain an air of courtesy. You may think coming off as rude and/or aggressive will place you in a better position, but most salespeople will be less likely to give you what you want if you can’t be bothered to display basic politeness.
Pay for the Vehicle in Cash
Although the vast majority of car buyers depend on auto loans, purchasing a vehicle in cash can be a great way to facilitate long-term savings. So, if you’re able to pay for your next vehicle without an auto loan, there are a number of reasons you should consider doing so.
To start with, you won’t have to worry about monthly payments. In addition to lifting a tremendous weight off your shoulders, this will absolve you of having to pay interest – which, depending on the loan, can be quite high. Secondly, some dealerships provide cash-paying customers with convenient discounts. Furthermore, going this route ensures that you’ll be purchasing a car you’re able to comfortably afford and prevents you from financing a vehicle that’s well outside of your price range.
Do Business with a Highly-Rated Dealership
You can increase your chances of getting a great deal by doing business with a highly-rated automotive dealership. So, before heading out to buy a car, look for customer feedback for any dealership you’re interested in buying from, as this will provide you with a solid idea of what you can expect. Fortunately, there’s no shortage of consumer feedback platforms for car buyers, and your preferred search engine is the only tool you’ll need to find all the info you’ll need. Sunshine State residents on the hunt for fantastic automotive deals are urged to check out Midway Ford Miami’s new vehicles.
There’s little wonder as to why so many of us view car buying as a stressful undertaking. In addition to the financial anxiety that stems from making such a large purchase, we also have to wade through a sea of options – when it comes to both vehicles and the businesses from which we purchase them. Fortunately, saving a bundle on your next vehicle purchase is much easier than you think. Car buyers who are serious about conserving their financial resources can benefit from the tips outlined above.