If you know how to approach any car dealership and do price negotiation process properly then it can reduce a lot of anxiety while buying a car.
In any case, you need not end up feeling totally exploited and confused, while buying a car. We recommend to click here to know ten strategies to support you to get the car that you want at a price that you can afford.
1-Do your homework
First of all, you need to do thorough research about your selection to find one that you are comfortable with. Most of the experts recommend leasing or buying a used car.
Besides looking at the cost, also check the security and dependability of the car, which is more important and should never be overlooked. In addition to going through various consumer reports or reviews, check out crash test results of the car from any Insurance Institute. Also look at the fuel efficiency of that particular model.
2-Build your budget
After selecting few models, look at the cost of each including taxes and insurance cost. Also consider the sales tax, documentation fees and delivery charges. To make sure that you have sufficient room in the budget for all extra charges and fees reduce your mark price by around $2,000 to $3,000.
3-Focus on your regular use
Select the model which you can regularly use. As an example, if you will use your car for daily work, then prefer smaller and fuel-efficient car rather than any SUV.
4-Test drive thoroughly
Do enough test drive, as you are paying lots of money and hence a lengthy test drive is a must, so that not only you evaluate but also see if there is any noise. Try your car on different kinds of roads and highway. Also sit in the car for half an hour and then take any decision.
5-Explore car’s all areas
Besides test-driving, it is also important that you try to check the car in many different angles at different areas.
6-Never shop and also buy on same day
It is not necessary that you buy immediately after taking test drive. Take enough time and prefer not to buy on the same day.
7-Obtain pre-approval for financing
While you start negotiating about the price for buying, it will be better to get pre-approval for loan either from any local bank/credit union. Not only it will give you certain leverage but you also will know where your credit-score may fall.
8-Come with any family member/friend
It is always better to have a second opinion particularly if you are buying car for the first time. Your companion will not only offer advice but also can ask many good questions to sales staff that you may not have ever thought about.
9-Ready to disagree a lot
Sales staff may try to sell many extras e.g. extended warranty or any maintenance packages. They all may sound attractive, but you must dig enough information before agreeing.
10-You must be ready to walk away
If negotiation is not going well, be ready to walk away even if you have spent enough time.