How To Save Money On A New Car

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Below is a MRR and PLR article in category Vehicles -> subcategory Cars.

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How to Save Money on a New Car


Summary

With car prices soaring?"think upwards of $30,000 for a family van?"many are turning to used vehicles. However, if you're set on buying new, there are strategies to help you save.

Do Your Research

Before heading to a dealership, arm yourself with information. The internet is a treasure trove of resources. Check car manufacturers’ websites for deals, and visit sites like Edmunds.com for pricing details on new and used models. This will give you a ballpark figure of what your desired car should cost, including any add-ons.

Timing is Key

End-of-year model sales are golden opportunities to snag deals, as dealerships are eager to clear out inventory. Additionally, visiting at the end of the month might work in your favor as salespeople strive to boost their commission with a few last-minute sales.

Negotiate Smartly

Avoid discussing trade-ins initially. Disclose your trade-in only after securing the best price for your new car. This prevents the salesperson from adjusting the new car’s price based on your trade-in value. Check the value of your trade-in on Edmunds.com and shop around at different dealerships to get a sense of what it’s worth.

Encourage Competition

Don’t hesitate to get quotes from multiple dealers. Having them compete can lead to better deals as they vie for your business.

Consider Financing Options

Before settling on dealership financing, compare interest rates with those offered by your bank or credit union. You might find a more competitive rate elsewhere.

The key to saving on a new car lies in being well-prepared and informed. A bit of research and smart negotiating can lead to significant savings.

You can find the original non-AI version of this article here: How To Save Money On A New Car.

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