Save money when buying a car

Save money when buying a car

Are you bored with your current vehicle? Was your car just totaled? If the answer is yes to either of these questions you may be in the market for a new car. However, this purchase can be costly, so you might want to consider the following tips to help cut down on the amount of money you spend.

Secure affordable car insurance: Paying for your vehicle isn’t the only cost that you’ll face. In order to legally drive the car on the road it will need to be insured. Without the proper research, you could end up paying more than you need to for a policy. One of the best ways to locate an affordable policy is to compare car insurance quotes online so you can see what you’ll be charged and what coverage comes with each plan.

Use dealers against each other: Whenever you buy a car it is recommended to visit at least two dealers, according to Bankrate.com. The reason for this is you may find that each dealer offers a different price for the same vehicle. You could also pit them against each other to get the lowest possible sale price. For example, by telling one salesperson that you have a more affordable offer, he or she may be forced to cut their asking price, which, in turn, saves you money.

Don’t be afraid to buy used: In most instances, you’ll pay a premium to buy a brand new car. So, if you are on a budget and looking to cut down on what you spend, it may be a good idea to buy a used car, according to NBC News. Certified pre-owned programs at dealerships have made this less risky as these vehicles are often in much better shape than those sold at traditional used-car dealerships. Also, CarFax has made it possible to review a car’s history before you buy, so you’ll know if there was any significant damage in the past.

Negotiate everything: Car salesmen often want to sell you a vehicle more than you want to buy one, so it is important to remember that you could very well have the leverage in the situation. Don’t accept every add-on because this could push the sale price higher. You should consider negotiating strongly on every detail to help get the best possible price.