Getting A New Car: Things To Think About

Posted by at 19 November 2017, at 13 : 37 PM

Getting A New Car: Things To Think About

Now that it is almost the end of the year, you may be looking to purchase a new car as a Christmas present for yourself and your family. Buying a new car is incredibly exciting, as although most of us won’t be going out to buy a brand new Audi R8, we can still enjoy the research and hunting which goes into finding the perfect new car for us.

Once you have found that perfect car for you; whether it be a sleek, sporty number; a big beasty 4×4 or a family vehicle, you’ll want to start looking at what the invoice price is for that model. The invoice price is what the dealer will pay the manufacturer for the car. Any difference between that price and the price the dealer sells it for is their net profit on the investment. Once you’ve found what the invoice price should be for the car you want, you’ll be able to start shopping around to find the best deal and a price which is as close to the invoice value as possible.

If you are looking to buy a new car, you may be entitled to a rebate of some forms. Many buyers can claim rebates when they purchase a car because they are a member of a club or dealership – it is important to find out what you are entitled to before you make a deal so that you can’t be ripped off by the dealer.

Make sure you take the time to look for the Best Price Cash For Cars and shop around for a while before making you final decision. You might want to get a new car quickly, but you must also be aware that you’ll want to get the best price for you and your family. Ask family members and friends who they bought off and whether they are reputable. Always go with a company you know are trustworthy.

Most of the time if you are looking to buy a new car, you’ll want to get yourself a loan for the cost price. Bear in mind that your credit history will be checked for this, so check it on Clearscore and take the time to make improvements if you need to. This will mean that when you come to buy a car, you’ll have an idea of what the dealers will be prepared to lend you for the purchase. Also, make sure that you take the time to see what kind of loans you can go for and which term will suit you the best.

Sometimes, it is better for you to take out a loan with a bank or credit union rather than going through the dealer, because you can find the best possible interest rate for you. Even if the dealer gets a better rate than the banks, they won’t give you that rate – they will bump yours up so that they can make more profit for themselves. Taking time to talk to the bank and weighing up your options is a better choice to save you some money.

Car dealerships run on strict sales goals and each member of the team earns commission when they sell you a vehicle. They run on a month-on-month rota and will often accept lower deals towards the end of the month as they try to reach their sales targets. So, going to look for a car at the end of the month may be just the ticket you need to be able to barter a little more with the dealer and reach a solid deal which doesn’t cost you the earth.

The season will also dictate when is best to buy a car – with December being a quiet time because everyone is saving up for Christmas – but you could actually get the best deal waiting until this time of the year. If you want to time your visit by time of day – the mornings in the middle of the week are usually slower, which means the dealers will often be able to sit down and make a better deal with you than when they are rushed off their feet at the weekend.

Don’t make the mistake of looking too keen right away and buying the car on the first visit. The only way you will be able to get the sales representatives to lower their prices and give you a better deal is if they think they aren’t going to get the sale. Make it clear that you have been shopping around and try to visit 2-3 times before making the purchase. You might have made your mind up the first time you see the car, but wait it out and you could save yourself a good amount of money. It’s worth playing hard to get.

Rather than just heading over to the dealership and being landed with a vulture straight away who wants to push the sale through – give it some thought and instead make an appointment with the sales manager. By making an appointment ahead of time you won’t be cherry-picked in the car park, and the dealer will know that you are serious about buying a vehicle. Because of this they will likely be able to have a discussion with you, see what it is exactly that you are looking for and give you the best deal. Your best weapon is to be sure of yourself and do your research. If they see that you know what you are talking about and have a solid idea which plan you want, they won’t try to sell you something much more expensive than you can afford.

Remember that there is no set price of a vehicle when you walk into the showroom. If you know what you are doing and take the time to discuss the price you’d like to be paying for the car, you will find that the dealer will be able to come down on the price until it meets a place where you are satisfied. Be confident, sure, and know exactly what you want, and you’ll be fine.

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