If you’re in the market for a brand new car, you most likely want the bells and whistles that a new car can provide, without an outrageous price tag. Buying a new car can be a sound investment because it often comes with perks such as an extended warranty, and even manufacturer-provided roadside assistance. Don’t miss out on the opportunity to enjoy all of the benefits of a new car; use this information to learn about two tips that can help you get a good deal when you’re ready to make your purchase.
Get A Pre-Approval
Arriving at the dealership with a pre-approved check can, in some cases, be a game changer. You’ll already know how much your interest rate will be, and won’t have to rely on the finance options available at the dealership.
Pre-approvals are helpful during the car buying experience for many reasons. For you, it acts as an automatic form of discipline, since you know that you can’t go over the preset limit. Car dealerships like them because when you have a pre-approval in hand, they understand that you’ve already done some legwork and aren’t at the dealership to waste time: you want a car. Although it would seem that anyone going to a car dealership is ready to buy, this just isn’t the case. Some people want to kick tires or test drive several vehicles, just to see how they drive.
The pre-approved check gives you some leeway when it comes to negotiating as well. A sales person may be much more likely to negotiate a lower price on a new car when you have a pre-approval, since they wouldn’t want you to get away and go to a different dealership.
Know When To Buy
Buying a new car when there’s a sense of urgency in the air is a great way to get a good deal. While you may think this pertains only to the end of the year push that many car dealerships encourage, it happens throughout the year as well.
For example, if you go to the dealership first thing in the morning, the salesperson may not be as quick to negotiate with you. In their mind, they may think that they have all day to meet their sales goals. However, if you visit the location at night and the salesperson hasn’t had much luck that day, they may be desperate for the sale, and this can work in your favor. They may go into overdrive, working with the sales manager to devise a price for the new car that fits into your budget.
Getting a new car doesn’t have to break the bank if you know what to do. The next time you’re shopping new cars, keep these tips in mind so you can get a satisfactory deal.