Shopping for and buying a car is a big deal. It is probably the biggest purchase next to your home that you will make. With so much money on the line you do not want to get taken for a ride. This article will discuss the ways in which you can reach a deal that you will be happy with.
The first part to getting a good deal is doing your research. This takes time and effort but it will be well worth it when at the end you see how much money you have saved due to it. Research now-a-days basically consists of going onto the Internet and finding the facts on your chosen vehicle.
The Internet is a vast collection of sites that can help research many things. When researching the car of choice you have several sites you can utilize. One place to start is the car manufacturer's website. Here you can get the basic specifications and information on the vehicle. Next move onto a website such as Edmunds.com. Here you can do research on reliability, get reviews and compare the car to its closest competition.
Most importantly on sites such as Edmunds or Carpoint you can find out what the MSRP is compare to the invoice price. You can not only find out what a basic model of the vehicle should cost but also find out what various options cost. You can add and delete options and packages to the car until you get the combination you like. At this point print out the pricing information.
The manufacturer suggested retail price (MSRP) is what the dealership would like to have you pay. What you want to pay is a few hundred dollars or up to 6% over the invoice price. With this factual information printed out you can show it to the dealer if they try to say that this or that cost more than you know it should.
Besides being knowledgeable you should also be prepared with your financial situation figured out. If you come into the showroom with your own financing set up you know what you can spend. This gives you leverage as well. You can say, hey this is all I can get and all that I can put down so if I cannot get the vehicle for this amount I am out of here. This being said the salesman might be more willing to wheel and deal.
Research and getting the right loan are the factors that allow you to get a good deal on a vehicle. Take the research to the dealership so you can negotiate the right price on the car and take your good credit to get the best deal on a car loan. If you do both of these things you will walk away with a new car feeling as if you got the best deal out there.