Do you want to buy a new car? Here are 4 tips and tricks to make sure you secure the best deal.
Buying a new car can be overwhelming, there are so many different factors to think about before you make the purchase; you need to consider competitive pricing, the different dealerships, let alone scale down which car best works for you from the large array out there. So here are 4 tips and tricks to lessen the stress, and make sure that you secure the best deal on your new car.
When buying a new car, consider the time of year in which you are purchasing, as it all makes a difference. There are certain times throughout the year in which car dealerships are having to hit their business quotas, and therefore are likely to lower prices, in order to hit their targets, securing you a better deal.
The best month to purchase your new car would be December, as that is when the end of year quota is to be hit by businesses. You can even attempt to secure an even better deal by making the purchase of your new car on New Year’s Eve, the final day of the business quota year.
If waiting until December will not work for you, then consider the day of the week you purchase your new car. In car dealerships, they play off of demand. They know that if the demand is there, people will likely pay the necessary price in order to get their new cars, however at the start of the work week, the visits to car dealerships are lower, making the demand decrease, therefore there being more room for price negotiations, as sales still need to be made! Therefore, give the car dealership a visit early on in the week, as there is a lower demand. Though your very best bet would be on a Monday and avoiding the busiest day of the week Sundays.
When buying a new car, you need to think long term! So, tip number 3 is to make sure you are investing in a car that shall be reliable and keep you on the road for a long time. This tip focuses on your long-term deal, as if you get an unreliable car, for all you know it can cost you a whole bunch of money in repairs. You should go out and get that car you want, however take into consideration that the car shall need to last and stay with you ideally 10 years, as cars much like homes decrease in value over time, however if it keeps running smoothly, the value shall stay higher. A car is always worth your investment if it stays with you long term, it shall keep you satisfied and stress free avoiding any side of road stand stills and the need for towing services.
When getting ready to purchase your new car, take into consideration where you are financially, and make sure to not spend recklessly. Our best advice here, though it is pretty obvious is to start saving early. With this tip, we remind you to set a realistic budget for your new car and start saving from early on in the year through till December putting aside some money each month. Having your savings pot ready for December, that is when you go out ready to negotiate and secure yourself the best deal on your new car!
Do not think that you have to settle for a used car, as often used cars can seem fine at first glance but then turn out to be unreliable, making you need to spend more money elsewhere; getting constant maintenance done and needing towing services. Simply because a car is new, does not mean it has to be expensive, head into the car dealership with confidence when following these tips and secure yourself the best deal possible.