How to Get the Best Deal on Your New Car
Purchasing a new car can be a stressful expensive task. With tons of different options to chooses from and factors to consider, there is no doubt that many can end up regretting their final decision. Keep reading to find out!
Identify your needs and budget
The only thing worse than overspending on a car is buying one loaded with features you don’t need. Start your new car shopping process by identifying your needs, wants, and budget. Consider factors like how you’ll use the car, your family size, and your driving habits to set clear boundaries, making it less likely you'll be swayed into a purchase that doesn’t fit your lifestyle at the dealership.
Make sure your credit score is as good as it can be
Before taking out a car loan, check your credit score and correct any errors or make improvements. A higher credit score will lead to better loan offers, including higher amounts and lower interest rates, potentially saving you hundreds or thousands over the life of the loan.
Get behind the wheel
Don't overlook the test drive when buying a new car. Richard from Fikes Chevrolet, a dealer alternative in Northwest Alabama, advises that comfort is key: “Make sure you feel at ease in the car. Test it in stop-and-go traffic and on the highway, and if you can, try parallel parking—it can be tricky if you’re not comfortable.”
Start a bidding war if possible
One of the best strategies when buying a new car is to create a bidding war between dealerships. If you receive a good offer, get it in writing and take it to another dealer to see if they can beat it. You might even return to the first dealer to negotiate further, saving money on both the purchase and financing.
