Saving money is a task we all present ourselves with when buying a new car. The car we buy needs to be practical and suitable, but it also needs to be affordable. Many of us end up overpaying or settling for a car that is not as good as we wanted. But this latest advice on how to save money when buying your car could save you a lot of money.
Start a War Between Dealers
When you are buying a car, you should never just go to one dealership. First of all, you should decide which make and model of car you want, and then you need to compare the prices. If you find a car at one dealership that is cheaper than one at a rival dealership, you might have hit gold. If you play your cards right, you might be able to start a kind of reverse bidding war. This is when a dealer tried to offer you a better deal than the one you found at their rival’s car lot. If they then lower their price for you, you can go back to the other dealership and see if they can lower their price. This can go on and on until you find the best price possible.
Even if you can’t start a bidding war between two dealers, you should still try to negotiate the price. Most good dealers will be willing to do offers and give you a slight discount if they think that you’re interested. The trick is not to seem too keen thought. If the dealer things that you’re going to buy the car regardless of the price, then they will have no incentive to bring the price down. Whereas, if they believe that you are unsure and still need to be convinced with regards to the purchase, they might knock money off. If they can see that the sale is in sight, it is in their best interests to get it over the line. So, next time you are browsing at Autoworld, remember to negotiate.
Educate Yourself and Time the Market
It’s always much easier for car salespeople to rip someone off if that person doesn’t know a thing about cars. This is a trick as old as time. When they can smell a novice, some unscrupulous dealers will take advantage of the situation. They see the chance to make money, so they grab it. That’s why it’s in your best interests as the consumer to make sure that you know as much as you need to know. If you are knowledgeable about the kind of car that you are buying, then they won’t be able to catch you out.
You should also make sure that you time the market. This links to educating yourself about the car. The best discounts on used cars can normally be found in the Autumn. When sales are slow, the car dealerships are always more willing to reduce the prices a little, so you should make the most of this.