If this is going to be your very first time buying a car, it’s normal to feel agitated, anxious, and stressed out with the entire process. After all, there’s a lot involved, as it’s quite a big purchase. Buying a car isn’t like buying a shirt, whereby if you feel you have made the wrong purchase, you can quickly return it in exchange for another one.
So, it pays to be equipped with the run-down on getting the best car deals. If you can finally have that car you’ve long been dreaming of for a lower price than what you initially expected, then that makes your buy an even better one.
This guide will give you everything you need to know as pro tips so that you can get the best car deals.
Table of Contents
1. Know Your Budget
The first thing you have to consider when getting a car is knowing the limitations of your budget. Don’t go shopping for a vehicle, thinking only of the car models you need to buy. You have to do your background research first to ensure that those car models you’re thinking about buying fit your budget.
Whether it’s your first car or dream car, or neither of the two, this doesn’t necessarily mean you have to go beyond your budget. When you stick to what you can afford, you can effectively narrow down your options of cars and car dealers to choose from. Most importantly, keep in mind your budget gives you that push to be more vigilant about getting the best car deals. Because you know you have a strict budget to stick to, your eyes and attention will be drawn more towards those dealers giving you the best deals and discounts.
2. Arm Yourself with Information
Getting the best car deals will almost be impossible when you don’t arm yourself with sufficient information about cars. It’s easier for you to negotiate and find the best deals when you know what price range you’re on the lookout for. Remember that information is one of the most powerful negotiating tools. So, the more prepared you are, the higher the chances of possibly getting the best purchase deals.
One of the most critical pieces of information you need to have is the selling price of the car make and model you’re keen on buying. Before saying yes to a specific car dealer, be sure you’ve already gone through at least two or three other car dealers, each with their respective price, discounts, and offers.
Should you have a dealer in mind, you intend to buy that car from, and you can then haggle for or ask to price match the lowest price offered by another car dealer.
3. Don’t Play Hard To Get
Gone are the days when walking out from a car dealership when you aren’t keen about the price they’re offering is the best way to haggle for a better price. Playing hard to get isn’t any more an effective strategy as it may have been in the past.
What you can do instead is to be more friendly with your approach. Try something like this, ‘I like this car you’re selling, and I’m really interested in buying it. But, I’m also looking for the best price. If you can give me the best price offer, I’ll take the liberty of telling all my other friends that you’re a good car dealer to buy from.’
Chances are, that conversation may just win you the best offer. Why? Car dealers appreciate any word-of-mouth marketing they receive. This means they haven’t just made a sale with you. But, the prospect of more sales with other clients is higher. This makes it a win-win situation for both of you.
4. Know What Type of Car Fits Your Needs
Lastly, know what type of car fits your needs. You see, there are so many cars you can choose from. But, if the car you buy doesn’t fit your needs, then you’re never going to be able to consider it as the best buy or the best deal.
When you have a car that fits your needs, you know that car stays with you as a useful mode of transportation for many years to come. This makes it worth-it buy, as you can maximize your car’s overall lifespan.
In the entirety of your life, perhaps one of the most expensive investments you’re going to have is your car. So, once the day comes for you to bring home finally, it’s not surprising how there’s going to be a lot of negotiating involved. Even when you’ve saved up and prepared for this big purchase, you still have to give yourself that assurance that you’re getting the best deals out of your car purchase. The more generous the deal is, the better. As you head out to shop for that very first car of yours, be mindful enough to apply the pro tips above.