Buying A Car 101: Get The Best Deal Without Being Ripped Off by Dealers

Feb 13, 2017 07:10 AM EST | Ileen Jasmine

Buying a car seems like it's the easiest thing to do. As long as one has the money and all the papers, it's easy to point a finger at a car model and own it.

However, those who are looking to get the better end of the deal when it comes to buying a car will have to know these few simple tips which will be featured in this article. There are several processes and negotiating tips which can be a huge help for a buyer.

First and foremost, buyers should choose the perfect car model based on their budget and needs. Most people find it easier to decide by narrowing their choices down to two cars before going to the dealers. Some can even make a checklist of the cars they are trying to buy so they can narrow it down to just one specific model.

Limited financial funds are often the problem when it comes to buying a car. The best thing to do in these cases is to visit several car dealers. Now that the specific vehicle model is already decided, the buyer can now negotiate a deal.

After asking the dealers for their best and final purchase price, ask for the trade-in value. It is also wise to talk to several dealers, so the buyer will have a lot of options.

After negotiating the trade-in value, negotiate financing. A buyer can also do a nationwide inventory search for the specifications of the car. For those who are looking to save some more extra, a demo vehicle would be a great option. This reduces the purchase price by another 10%.

According to experts, dealerships earn rebates from manufacturers for demo vehicles. This allows dealerships to reduce the price without taking a loss.

In fact, several car enthusiasts admit to buying demo vehicles instead of brand-new models. After all, most demo vehicles will have less than 500 miles on them, which is not so bad.

After everything is settled, the deal will be brought to the finance department where a finance guy will assist the buyer to finish the paperwork. Buyers are advised to be extremely careful when signing paperwork. Most of the time, they will add on as much as they could to squeeze more money from the buyer.

Others can also look on the internet for second-hand cars. This cut off the expenses in half. It is also wise to create a checklist of how much the car will cost. This should include upfront costs, finance repayments, fuel, etc.

Haggling is not bad as well. In fact, for those who are trying to save as much, haggling is the key. 

These are only some of the best ways to save some money from buying a car. When it comes to purchasing a new ride, one must always seek to get the best deal possible.

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