How to Uncover Unbeatable Offers on New Vehicles
Did you know that on average people spend around $28,000 on a new vehicle here in the US? That makes buying a new vehicle the second largest purchase consumers make after buying a home! It also makes getting a great deal on a new vehicle very important.
If you are looking to find the lowest prices on new cars start by determining what kind of vehicle and options you want or need. Figure out how much you want to spend for your next new vehicle. By limiting your choices before you start shopping it will make it easier to find the best car for you. While helping you avoid making any hasty decisions that will cost you thousands.
It is important to utilize all available resources when shopping for a new vehicle. Take time to read through reviews and learn about different available options. Make sure you know MSRP and factory invoice prices, as well as an estimate of what others are paying in your area.
It is a good idea to shop at multiple dealerships to find which is offering the best car deals on the vehicle you want. Also, compare makes and models. Use a site like 25BestNewCars.com and request free new car price quotes from as many dealerships as you can. Even consider requesting quotes on multiple vehicles that interest you.
Be prepared before you start negotiating. Armed with accurate information you should be able to negotiate a price 10 to 20 percent lower than MSRP. Your first offer should be around factory invoice price, aiming to pay less than MSRP.
Also learn current rebates, incentives and lease specials before you start negotiating. Research for all makes and models you are interested in. Often special offers are only available for a limited time – if you find an incredible rebate or incentive offer make sure you take advantage of it before it expires. It could save you thousands on your new vehicle. In the past year 25BestNewCars.com has reported rebate discounts for as much as $7,000.
When negotiating make sure every offer is for the exact vehicle you want. If the vehicle is out of stock consider ordering it. It may take more time, but you will avoid paying for options you don’t want or need. If you’re not picky about the vehicle you get, consider what the dealer has on the lot. They are always trying to clear out inventory quickly, so you may be able to get a bargain price on a vehicle that has been sitting on the lot for a while.
It is very important to remember that you are in control of your car buying experience. Consider negotiating with dealers by phone or email. More and more consumers prefer this method. Negotiating from your home or offices will allow you to stay in your comfort zone and save time.
Be sure that you are negotiating the complete price of the vehicle you want. Confirm that all fees, taxes and additional charges have been added. This price should not include the value of your trade-in, or any discounts such as cash-rebates.
After you have agreed on a price, then have the dealer deduct additional savings and provide you with a financing plan. Make sure you read carefully read through the contract before you sign. Don’t be afraid to ask questions – remember it’s your money; you have the right to know exactly what you are spending it on!