Buying a New Car : Things you Need to Know

Are you looking for buying a new car?Are you struggling thinking should I buy a new car?Or are you looking for buying a car model such as BMW 320i?

The cost of a new car is quiet expensive.Nowadays cost of a new car equals about what my parents paid for their first home.  It’s not a purchase to be taken lightly.  Therefore you want to do everything possible to ensure you get a great deal.

Buying a New CarShould you buy a new car?

If you think of buying a new car,it can be costly.Therefore you need to search for new cars and details of its maintenance cost,insurance cost etc before taking your decision.You also need to know about auto parts and its availability before you buy your car.Below are some tips before you make your decision to buy a new car.

1. Never rush your decision.

Never rush your decision.  If you are completely without transportation, rent a vehicle until you find the right car.  When you rush a purchase, you usually end up on the losing end of the deal.

2. Negotiate with car dealership

You want a win-win situation with the car dealership.  They need to make some profit, and you need to feel you paid a fair price.  It’s fair to negotiate to a price that’s $500 above dealer cost or about 20% off the sticker price.  So take along your calculator when you shop.

3. Do your research

Thanks to the Internet, you can uncover the typical retail cost of a specific make and model.  With a little digging, you can find out the wholesale cost as well.  This information makes you a powerful negotiator.

4. Order a car that matches your requirements

If the only cars on the lot have expensive options you don’t care for, you might want to order a car to your specifications.  You might wait a bit, but will save money on options you don’t need.

Buying a New Car

5.Check trade-in options

Check with the dealership to see if you can return the car if you don’t like it.  The car you purchase  may end up less comfortable than you expect. Many dealerships now offer this option.

6. Find best deals

You may have heard the advice to shop the last day of the month for better deals.  It’s true that you might get a better deal from a salesman then.

As far as trade-ins go, do your research here, too.  Knowing the value of your old car makes it easier to negotiate a better price for it.  Try not to talk about a trade-in possibility until you get a purchase price.

7. Sell your old car

You also need to think of how to sell your old car.You may want to advertise your older car and sell it privately.  Typically you can get a better price this way, but it may take a little time.

8. Read your service contract

A service contract will likely be brought into the negotiation.  The consumer information I’ve read discourages buying an extra contract on a new car, as it’s not likely a problem will occur during the first months of use.

Whatever you do, always read the fine print of any contract before signing it.  Ask a million of questions about what certain phrases mean if you don’t understand something.

Simply because the car just rolled off the factory line doesn’t mean you should buy it without asking questions.  Keep on your toes during the negotiation process.  There’s nothing like the thrill of getting a new car AND creating a win-win situation for you and the dealer.

Above are some tips and things you need to do before you buy a new car.Hope these tips are helpful!

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