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7 Tips on Buying a New Car

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By moneymacresources


My New Car


Get the best price you can.

Dealing with car dealers can be intimidating, but not if you go to the dealer with a good understanding of what you need in a new car, how much you can afford and exactly what your right is. Here are seven tips on buying a new car that'll give you the upper hand when it comes time to negotiate.

Arm Yourself With Information
Know what you can afford, want and need before you walk into the dealership. The internet is an excellent research tool and can give you a wealth of information, everything from prices and specifications to independent reviews. If you go in prepared, you are in a much better position to start negotiating. Whatever you do, do not let the dealer confuse you. If you are unsure of anything, or confused by unfamiliar terms, do not sign anything until it has been clearly explained to you. If the salesman cannot help you understand then go to an independent source, such as the internet.

Only get Option You Need?
Know what options are included as standard features and which are add ons. Often dealers will have a demo car with optional features installed. But, if you don't need or want those features, don't let the dealer talk you into adding them or paying for them.

Dealer installed rust-proofing, on most cars today is unnecessary, cars are rust-proofed by the factory and give significant protection against corrosion. Likewise, expensive paint and upholstery protection treatments are not necessary. Car manufactures today use good quality anti-fade paints and quality anti-stain materials on today's cars. So, don't waste your money,



My other new car.

Negotiate price before dicussing trade in.

Agree on a price
MSRP is; a manufacturer suggested retail price and is exactly that, suggested retail price. Unless it's a new model or in high demand, most dealers willing to negotiate to some extent. That's why it's imperative to shop around. Ask for an out-the-door price, that's the amount you'll pay when leave the dealership, complete with the dealer delivery charge, vehicle prep charge. License, and registration. Ask for written quotes, so that if you leave to visit another dealer then return to the first, there is no misunderstanding if you do decide to go ahead with the deal they offered.

Negotiate
Different times of the year can prove more productive when it comes to negotiating with a dealer. Dealers have set monthly and quarterly targets by car manufacturers, so they're often prepared to make a deal more easily toward the end of the month or the end of a quarter. Also, since December and January are slow months for car dealers, they can be even more willing to deal.



My dream car.

Check the fine print on extended warranties

Extended Warranties
If opt for an extended warranty make sure that you can go to any dealer for repairs. Often they are offered by the dealer that sold you the car and are not transferable between dealers. Read the fine print, make sure that they are not going to force you into servicing your car with just them.

What Model Year Is Your Car?
Always check the build date of the vehicle you're looking at. The build date signifies when a car left the production line. A car made after August is considered the new model year even though the year has not even started yet. The build date is important when it comes time to selling. If you're looking to buy a new car early in the year, January or February for example, check what year model it is. Keep in mind that a car made in December is still considered the same model year as one made two months later. One from the previous year, made prior to the new model year, should be offered at a discount to the current year.

And finally . . .
Make sure you have your insurance in place before you leave the dealership. The last thing you want is a totaled new car and no coverage.For more detailed tips visit Expensive Cars Cheap.


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