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Buying a car | 16.01.2014 - 00:41

First Time Car Buyer? Save $ By Following These 4 Tips

Buying a car can really suck if you don't know what you want or what to expect. Take a look a some tips to get more acquainted with the process.
Be careful, these are heavy.

When you're buying a car for the first time, you have to think about all the ways that you can save money. On the one hand, you want to get a car that you want, but you must, on the other hand, consider how you can keep the price of the car as low as possible. Depending on your financial situation, you can save money buying a car by following just a few simple suggestions.

 

Don't Be Afraid To Negotiate

The dealer can tell you all day long how the car has LED headlights and all of the wonderful options that you see in TV commercials, but that does not mean you should immediately agree to buy the car for the sticker price. Car dealerships are selling at a profit. In fact, the markup on most cars is 100%. This means that the dealer will make money if they sell you the car for even a little more than half of what is one the sticker. Offer a low price and negotiate with the salesman to make sure you don't pay too much.

 

Pay Cash

Not everyone can pay cash for a car, but that does not mean that they can't try. If you've saved money for a down payment or for a significant portion of the price of the car, you should ask if you can get a discount for paying cash or paying mostly cash for the car. If you don't ask, you'll never know.

 

Shop Around

You may find one dealership that offers the car you want with the fancy V LEDs that you wanted, but you might look at another dealership that offers the exact same car without the headlights for thousands of dollars less. If you don't shop around, you won't see the disparity in car prices in your area.

 

Every car dealer has a different financial position, and they all will offer different deals on the cars on their lot. You have to check with every dealer just to be sure you're getting the best deal.

 

Buy Used

Sometimes, getting a brand new car can be very difficult because of the pricing. Even getting a car that is one year old off of a dealer's used car lot could net savings that make the car affordable. You don't have to get a really old car to save money, but taking a small step back could make the car affordable.

 

When you're shopping for a car, make sure you follow these four steps to ensure you get the best price for you new car.

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Meghan Belnap is a freelance writer who enjoys spending time with her family. Meghan also enjoys researching new topics that help to expand her horizons. You can often find her buried in a good book or out looking for an adventure.
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