If you have been following this mini-series about buying a car, you have learned about the difference between a new and used car, and the process you need to follow before you decide to buy a car. Today I will give you some tips on how to get the best deal. So let’s dive into it.
If you have the money to pay for a car I recommend you to buy privately or if you have to finance and buy from a dealer, then wait for the best time to buy. According to Autotrader the best time is the end of the month or during holiday weekend sale. If you go to a private seller, try to find out how urgent it is for them to sell or for how long they have tried to sell it, this will help you to know how much you can negotiate on the price.
Make sure always to negotiate but don’t lowball because you can piss off the seller and the deal will end up nowhere.
If you don’t have the money and you really need a car. You need to look for the most affordable option even if it means that you will have to drive the most basic four doors, four wheels car.
If you have to finance make sure to ask your bank first the options of a loan and how much the interest rate will be. With that in mind, you can go to the car dealer and negotiate with them. Because they will not let you go without signing, so check your outside financing options before they try to push their agenda on you.
Make sure that when you are negotiating with the dealer that you both talk about the TOTAL PRICE of the car, not the payment amount. Because they will consciously rise the payment amount so they will have some room to make you feel like you are negotiating with them. So they will make you feel like you got a discount, but you actually are paying the full amount.
Also, the dealer will try to sell you some extra stuff. Don’t let them get in your mind. Just say no to all these protections that in the long run will cost you more money then you will spend on fixing the car during the years they selling you the protection for. You don’t need it.
This was the last video of our car purchase video series, but don’t worry we will have a new topic next week. So Keep crashing your money goals, and we will see you next time!
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