Thinking of purchasing a car? Buying a car is a huge investment and a major part of the average person’s budget. Here, United Car Care reviews ten tips on how to save money in the process:
- Don’t Be Afraid to Negotiate
Many people feel intimidated by the car salesmen and don’t feel comfortable negotiating. However, doing so can save you hundreds, if not thousands.
Many cars are automatically marked up in price to give a little extra room for negotiation, so don’t be afraid to try and talk them down.
- Pay in Cash
Paying with a car loan means paying upwards of thousands of dollars in interest and extra fees. That’s why if you can, it’s best to pay in cash.
Some dealers also offer a cash discount!
- Choose Used
Sure, a new car is nice, but the moment you drive it off the lot, its value plummets.
That’s why you should consider a used vehicle. Some, such as certified used, still have warranties and guarantees, so you can feel comfortable when you buy.
- Don’t Trade-In
Many car dealerships don’t give you the full value of your old car in a trade-in or mark up the price of the new car to make up for it. Sell your car yourself for the most bang for your buck.
- Shop Around
Before you make a purchase, check out what prices other dealerships have to offer. Many dealerships sell the same vehicle at a better price, but you won’t know unless you look.
Once you decide on a car, it’s important to research the fair market value and overall value and longevity to make sure you’re getting a good deal.
- Compare Car Loan Rates
Many banks have lower interest rates and fewer fees to compete for your business. Prior to heading to the car lot, check out loan rates for the best deal.
- Pay Attention to the Loan Details
Most people hope to pay their loan off faster, especially if it’s got a higher rate than they wanted, but before you sign on the dotted line, you should read the fine details.
Some contracts charge extra fees if you pay it off sooner, so it’s best to check before you’re hit with unexpected costs.
- Watch for Sales
Typically, car dealerships will have a sale around a holiday or tax season and lower prices thousands of dollars.
However, if you have a specific car in mind, keep an eye on the price, as some dealerships will raise the price ahead of time so they can say they’ve lowered it.
- Take Your Time
Lastly, if you have the luxury of time, be patient. If you rush, you might not take everything into consideration and regret your purchase later.
Buying a car is a huge investment, and you should take the time you need to ensure you’re getting the best price and vehicle for your needs.
About United Car Care:
United Car Care vehicle service contracts offer reliable protection at an affordable cost, which is exactly what consumers want when looking for mechanical protection for their vehicles. Their product is backed by an A-rated insurer, thus providing their contract holders with the utmost security.
United Car Care has earned an A+ rating with the Better Business Bureau, which speaks to the way they do business—with integrity. United Car Care is proud of the fact that they have had over a million satisfied customers as well as many long-time relationships with dealers and agents. These relationships are a true testimonial to United Car Care’s core values: quality, dependability, and customer service.