Tips for Buying a New Car

Dealer A vs. Dealer B – Tips for Buying a New Car

By Russell A. Simon


Go Straight to the Source
Dealer A is ready to sell you a car, but there’s one big problem – he doesn’t have the car. Simple solution – the salesperson will just source the car from another dealer. This is trouble waiting to happen and you should shy away immediately. Instead, just go to Dealer B and see the car for yourself. Another advantage to this can be getting a better price on your new car. Different dealerships will offer different deals, and sometimes just going across town and buying the same make and model, but from a different dealership, can result in more money in your pocket.

Unless a certain dealer is a relative, you’re under no obligation to buy from the first dealership you visit. You’re only obligation is to get the best car for the best price, so shop around.

Know Before You Go
Simply put, the more you know, the less you don’t know; and this is especially true when it comes to buying a new car. There are two main things you need to know before you step into the dealership:
•          Your credit score – This is the single most important factor is determining your financing options, and not knowing your credit score can result in an interest rate far above what you really should be paying.
•          A solid, realistic idea of what you should pay for the car based on research from various Web sites and a handful of real-life new car purchase quotes. Again, not knowing could cost you thousands.

Knowing your credit score and being armed with real-life new car purchase quotes let the dealer know you’ve done your homework. They’re also the best ways to cut to the chase and start spending your hours cruising in your new car instead of haggling over price and financing.