A brand new car! Hey – that sounds like “The Price is Right” or some other game show. I am sure you know there’s a right way to buy a new car. Some thoughts: 1) Make sure you can afford it – remember it’s more than the cost to buy it – there is insurance and other things like gas! Have you prepared a personal budget yet? 2) Potential savings will vary widely depending on your personal situation: often keeping your car longer instead of trading every few years can save big dollars. Does the cost of new cars rise each year? Do cars depreciate quickly? Can people lose money on low trade-in values? The answers to these questions can make a difference. Buy a good quality car and keep it for five to seven years. If you do, you can potentially save some substantial money over trading for a new car every year or two. 3) OK. Do you still want to buy a new car? How about an almost new car? No? It must be new? If all systems are go in your personal economy – prepare for the best deal! First do your homework. Know exactly what you want before you go to any dealer. Research online on the decided model with the options: find the price you want to pay. Test drive the car you picked without talking to the dealer about anything – just test drive it – that’s all. Say thank you. Don’t talk. Leave. 4) If you still like the car then decide exactly what you are going to do with your old car. Here is the rule. You are required to sell your car to someone other than the dealer. Get a fair price for it on your own – that will usually save you lots of money. That is the first installment of my post on the brand new car. Stay tuned for part two.
Posted on: Tue, 06 Aug 2013 22:44:24 +0000
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