Considering a New Vehicle Purchase

Before you buy that new car, there are several things you should consider. First, you may wish to consider whether you really need a new car. Perhaps a used car will suit your needs. There are many brands and models that hold their value and buying a used car might save you a lot of money. Before you buy a used car, consider the following questions:

1.    Do you know the book value of the car you are considering? It is easy to find this information online.  

2.    Does the used car you are considered have a verifiable history? Man used car dealers and individuals selling used cars use a vehicle verification service. Using the VIN number of the car or truck you can research its accident and maintenance history and you will not have to depend on trusting a stranger to get the truth. 

3.    Look online for a used vehicle. You can find all the used cars and trucks in your area by entering information about the age, brand model and features you want. Cut to the chase and find the car you want. 

4.    Check for available used car financing. Many reputable dealers offer financing and even limited warranties. 

While you may not have considered buying a used car, it may be a way for you to get a model or brand you could not afford if you bought a new vehicle. With the availability of information about used car pricing and the maintenance history of a used vehicle, you may be able to get a great deal on that classic used car without the risk of buying a lemon.

If you are determined to buy a new car, you should never go to the dealership without doing some research. As you know, dealers charge more for every option. You can probably live without all the options. Make a list of the things you absolutely need and review it several times until you have a solid list of options.  

If the sales person will not lower the price of the new car to meet your desired price, ask her/him to throw in the options for free. You will still pay more for the car than you wanted to pay, but you will get thousands of dollars in free options. To move cars off the lot today, dealers may be willing to sell a fully-loaded car at a lower price, rather than holding the car for several months waiting for a buyer who wants all the options.    

Never buy a new car without knowing the ‘at cost’ price and the ‘cost plus’ price. You should also know what other dealers are charging for your car. You may be able to order the car of your dreams online by working with a dealer who is in another city. Driving to that city to pick up your new car may save you thousands of dollars over the deal you will get in your home town.