Car shopping may be on the horizon for you, but you might want to run the other way. Many people are scared by the process, but that doesn't have to include you. This article has a great number of tips and tricks which will make your car shopping time pleasurable.
Visit your local bank and get pre-approved for a car loan. This one step cannot only save you a lot of time at dealership, but it will also save you money most of the time. By getting a loan at your bank, you can negotiate your interest rate more effectively; thus, lowering your overall payment.
Ask the car dealer to show you a vehicle history report. This can tell you if the vehicle has been in an accident or if it has been recalled. It can also show you what repairs have been done and when they were done so that you know exactly what you are buying.
If the price of a car is non-negotiable, see if you can negotiate on other terms. Some dealerships will agree to provide several months' worth of free gasoline or a year of free oil changes, for instance. It never hurts to ask if a salesman can sweeten the deal.
If you aren't concerned about getting the absolutely latest model, consider car shopping in November or December. During this time frame, dealerships will offer deals on the current models. They want to clear out their inventory to make way for shipments of the next year's models. This means that you will be offered more incentives, lower sticker prices, and more room to negotiate!
Bring along a friend. Your friend can listen for things you might have missed and they can give you advice if they think you shouldn't buy the car you are looking at. Bring a friend, a parent or a spouse.
Try planning car shopping trips near the end of a month. Everyone has a quota to meet each month. Some salespeople want to make a deal because they are desperate to meet their monthly goal.
Never turn over your trade-in keys to the salesperson before the deal is finalized. Some pushy salespeople will hang onto them in an effort to pressure you into hearing them out, even after you have turned down a deal. Keep the keys in your possession and only hand them over when the deal is done.
Car salesmen have quotas to meet. Use this system to your advantage by shopping for a car at the end of the month. If a salesman has yet to meet their desired quota, they may be extra-eager to close a particular purchase. That will put you in a better negotiating position.
If you plan to trade in your old car, find out how much it's worth and factor that into your budget. If you think, your car is worth a lot, and it's not, you may be in for a shock when you reach the lot. Knowing as much as possible before you leave your house is the key.
When in the finance office, read your final contract thoroughly. Many dealerships will try to rush you through this step, and they may change important information or financing terms as a result. Make sure the terms are exactly what you agreed to. If they are not, ask them to make changes before you sign anything.
Many people who have bad credit end up at a buy-here pay-here dealership. Be very careful of these types of dealers. Usually they buy cars at auction for little money and the majority of the money they make is off of the high interest rates they charge. If you have any choice, always get a loan from a bank, not the dealership.
There are many things you can do to make your car shopping experience a positive one. Use what you learned in this article to get the car of your dreams, all while dealing with little stress. It is possible to get a nice car and have fun doing it.