New Car Buying Tips
Wednesday, June 17th, 2009No, Robert De Niro hasn’t been kidnapped. I’m talking about saving money. Listen, buying a car, especially a new car, is probably the second most expensive purchase you will make after your home. You want to get it right, yes ? And you want to save as much cash as you can in the process. Here are a few new car buying tips that might help you out.
1.Do some due diligence. Don’t be a deer caught in the headlights when in step into the car showroom. Figuratively speaking, car sales people are master hunters and they can spot a frightened and startled deer a mile away. Know what you want and an approximate cost. Know what you are prepared to pay. Don’t be talked into getting things that you didn’t plan for and probably don’t need.
2.Avoid doing your car hunting on the weekends. This is the best time to sell a car for dealers. This is when they have the most customers and it is when they are most on the ball. They have less incentive to negotiate with you and they are at their most aggressive when it comes to negotiation. Take a day off during the week as car dealers are keener to move cars and will cut a deal.
3.In terms of timing, do your car shopping midweek at the end of the month. Car dealers are trying to meet their monthly quota of cars sold. They will receive various bonuses if they can sell so many cars or be the best seller over the month. Consequently they will negotiate and move on the price if they want to get one or two more sales.
Those are a few tips. Remember, timing is critical when it comes to buying a new car. Get the right timing and you increase the desire of the dealer to sell thus increasing your negotiating leverage.