4 Killer Tips to Make Your Next Car Purchase More Affordable

Written by  //  2016/08/29  //  Academics, Student Living  //  Comments Off on 4 Killer Tips to Make Your Next Car Purchase More Affordable

Buying a car is an expensive endeavor, even if you buy used instead of new. A couple-years-old car with six-digit mileage can still cost you thousands of dollars. That’s why it’s important to do everything you can to try to reduce the price and buy smart. Here are four killer tips to make your car purchase more affordable.

Do Research

You would think that the same car would sell for the same price at different dealerships, but this is rarely the case. New car dealers often set prices based on how much volume they need to achieve, with high-volume dealers offering lower prices. That’s why it’s important to do your research to see which dealer has the best deal. The kind of deal you get also can depend on what types of rebate programs you might qualify for.

Get Qualified for a Loan

Many dealerships offer to get financing for you, but those programs often don’t give you the best deal on a loan. A good way to get a better loan rate and to make your next car purchase more affordable is to get qualified for a loan ahead of time. Check with your bank or credit union to see what rates they offer on auto loans.

Get the Best Deal for Your Trade-In

If you plan to trade in a car when you buy a new one, you’ll want to make sure you get the best deal possible. One way to do that is to research what your car is worth, both its private sale value and its trade-in value. Relay this to the car dealer you are working with, and if they refuse to offer the value you think you should get, ask why. If you do not get a satisfactory explanation, you might want to go elsewhere or try to sell your old car on your own.

Buy Last Year’s Model

New model year cars come out in late summer of the previous year. For example, most dealerships will start getting 2017 models around June or July. Once this happens, dealerships typically work hard to get rid of any previous year inventory they have left, offering big deals to do so. Buying one of those cars can mean you get a killer deal. Places like Rebel Ford will also provide brochures and test drives so you can see all the features available in any model you choose.

These are just a few of the things you can do to help get a better deal on a car. There are many others that can help you lower the price as well, just remember to stay smart and to know what you can afford.

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