When is a good time to purchase new cars?
The best time to purchase new cars is the last two weeks of December, because everyone is out buying Christmas presents and the lots are filled with new cars and barely any customers. This motivates dealers to cut the costs and break year end sales. The other best time is July through October because dealers want to make room for the new cars of the season to come on the lot and get rid of last year’s models.
How to use competition to give you the best price!
Compile a folder filled with prices of vehicles you want that are taken from the Internet. Show them the lower new car prices from honest online sites and they will not have very much room to bargain with you. Know how much the range should be with the cars you are interested in. If you do not know what you should be paying for the automobile you want, you will most likely end up paying more than you should. You need to find real new car purchase quotes instead of just the dealer cost and MSRP. Buying cars online is a great way to save money and they often have better deals than dealerships.
What is a credit score and how does it relate to new cars?
Always go to a car dealership knowing your credit score when looking at new cars. A credit score is a vital stat that directly controls the interest rates you will pay on your car loan. If you go there without knowing your score, they will be able to milk you for all you’re worth. You should know more or the same as a car dealer would about your credit so when you look at vehicles you will not get ripped off. You might find an error in your report as well. A common strategy of dealer’s is they will call around two weeks after the sale to tell you the financing fell through and they need more cash. The typical excuse is they found a black mark on the credit checking. You can access your credit report on the Internet for free or for a small fee — this really will help you. Just remember how important it is to know your credit score before car shopping.
Buying new cars through the factory from new car dealers
Sometimes when the dealer does not have the options on automobiles you want, they will order it from the factory. The car should not cost more than the vehilcles on the lot cost. Sometimes a dealer will make it seem like it will cost more, but it is part of their weekly buying. It also costs the dealers nothing on interest. Do not give them a deposit of over $500.00 and use your credit card, not cash. This is to insure that they will not raise the price up to $1000 for the brand new cars and you can dispute it off your credit card. There should be no extra fees because it is a normal car deal.
By Emily Thomas