5 Tips to Getting a Great Price When Car Shopping

This is a sponsored post in collaboration with Cars.com.

Are you in the market for a new car?  If so, then this post is right on time for you.  I purchased my current car almost three years ago.  At that time, that was the biggest purchase I had ever made in my life!  Let me tell you, I was extremely nervous and anxious.  However, I needed a reliable car so I didn’t have a choice.  In fact, a few years prior I went to purchase a car and decided not to because I was so nervious.  In retrospect, I am so glad I waited.  Originally I was compromising on many things that I wanted in a car just to have something newer.  In the end, I ended up following the 5 tips below to ensure I received a great price when car shopping.

5 Ways to Earn Money with your Car

Research Research Research

The first step in making sure you receive a great price when car shopping is to research.  A few things to consider when researching the perfect car include safety, price, and the history of the vehicle (if you are buying used).  Cars.com is a great resource to use when researching the perfect vehicle.  Some of the features of the site include:

  • Ability to estimate a car payments and car values
  • Functionaility to search for cars and dealerships
  • Resrouces to help you sell your car and get the best trade in value
  • and more!

Negotiate the Price

The next step in making sure you receive a great price when car shopping is to negotiate the purchase price.  There are a few key components to negotiating the purchase price which include:

  • Practice negotiating with friends and/or family before going to the dealership
  • Show limited emotion
  • Avoid providing the actual monthly payment or price you want to pay in order to have the salesman or saleswomen show their true cards

Related: 6 Bills You Need to Negotiate

Know What You Want To Pay

At the end of the day, you need to know exactly how much you want to pay for a car.  It is easy for call dealerships to sell you a car that costs more than you can afford.  Many times dealerships will only focus on the monthly payment instead of the overall cost.  They will extend the term of the loan longer than you originally intended in order to give you the monthly payment in the range that you requested.

Negotiate Trade-In Value, Rebates and other Discounts

There are a lot of ways to save when buying a car.  A few of the ways that you can save money include trading in your previous car as well as finding rebates and other discounts.  The important thing is that you negotiate the these additional offers to be sure that you get the best bottom line possible when purchasing your car.

Don’t Be Afraid to Walk Away

Ultimately, when purchasing a car you can’t be afraid to walk away.  I know, you may have found your dream car; however, if it is overpriced and the seller is not willing to negotiate it may be time to walk away.  It can be tough especiailly if you have gotten emotionally invested in the car.

 

Bonus tip, if you are financing your next car purchase it is imperative that you have checked your credit report recently. The best interest rates are given to those with the best credit score.  Make sure you check out the links below for more education about your credit report and score.

 

 

What tips have you used to ensure you get a great price when car shopping?

 

Subscribe below for posts regarding budgeting, saving, and investing to be delivered right to your inbox.  No spam!

Leave a Reply

Your email address will not be published. Required fields are marked *

Do NOT follow this link or you will be banned from the site!
More in Saving
10+ Tips to Save Money on Back to School Shopping

Can you believe that the summer is already in full swing?  This year is flying by!  Many schools in my...

Close