One of the most expensive buys an average-earning person can get is a car, next to buying a house. But instead of a house, you want a car. But you might just spend several years paying it off. Unless you are in the same shoes as Paris Hilton or Warren Buffett, you really need to find ways to deal with effective car buying decisions. Although buying a car is sometimes daunting, it is important to make sure you are getting a good deal out of the transaction. There is certainly no magic formula to get the best deal for a car. However, this article will help you get through the decision-making with a few common sense tips.
Right Time of Year equals Right Kind of Purchase
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Did you know that the best time to purchase a car is at the early period of fall? It’s the time before new models are introduced in the market. During this time, dealers usually clear out the space in their lot to make room for new inventory. Consider buying a car either in the month of September or October. This is because new models are usually ready for show over the summer revealing a convenient buying period. But some dealers say that the best time to buy a new car is on middle to late December. This is the time when dealers usually offer special bargains to boost their end of year sales and also to attract Holiday shoppers. So that means you have to watch out for ads from local auto dealers a month before and after the Christmas season. It’s also a good idea to start making a move if a certain car you’ve been dreaming is about to release new models.
Consider a Car That’s Not Selling Well
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People are probably aware that the car industry has not been constantly a vibrant market. The last few years have not been smooth. But people will still have to buy cars and car parts. It’s a good thing there are cars out there with flagging sales figures. Turn this to your advantage and find out the ones that are not doing well in the market. Ask some dealers which models are at the bottom of the best sellers list. They might just give you a better price once they make an inventory of those models. But before you do this, do your own research first. Try looking at car reviews and sales reports of cars that people do not prefer. Out of the data that you obtained, check which cars fit your needs then give it a serious thought. For all you know, the dealer may be glad you want to buy that particular car.
Shop for a Car Online
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Buying a car online will not necessarily be like ordering a book online. Luckily, there are a lot of websites that offer reviews about cars and car parts too. These websites will actually let you in on what car owners experiences are from a particular model. Search for local dealers near you by providing your zip code on online car directories. Well, technically it’s only a preparation for your car shopping but this will help you save time and effort instead of going directly to a car dealer.
Choose to Be Informed
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Being informed means having to research everything that you need to know about a particular car you want to buy. The three steps mentioned above have to do with research. Research car websites to see how cars match up to their competition; the car’s market performance; and the best price that can be offered by dealers. But the most important thing in researching about the car you want is that you will have a working idea of what car you are looking for as well as its features. It is particularly useful to know how the dealer actually pays for the car. Although you cannot really get a car that’s less than the dealer’s cost, you can still know how much you are really paying for the car. In this way, you will be in a much better position to bargain for a good deal.
Be Polite to the Salesperson
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While car salespeople give the impression of a fast-talking con artist, they are still the people you really want to negotiate with. They are just trying to make a living like everyone else so make sure you treat them with respect. If you make friends with them, they might just cut their commission a little and give you a good deal. Remember though, do your research even before you choose the car you want. You don’t want the salesperson to see you as someone they can rip off.
You can start your car-buying research with these 10 affordable cars:
Watch out for con car dealers, here is a video to give you an idea.