Purchasing a new car could be the second most expensive purchase you’ll make, second only to your home. Thus, it is very important that you know some valuable car-buying tips before taking a step further. It could be either intimidating or a pleasant experience. Here are some tips will help you get a good deal on a car.
The first step is to know when is the best time to buy a car. According to experts, December is one of the best two periods in the year to buy a car. Dealers are trying to clear any unsold cars as dealers await new models for the new year. During this time, dealers engage themselves in price cuts and year end sales. Thereby, plan, analyze and select the best deal you can get.
The best way to avoid yourself from being sucked in by the slimy car salesman, is to do a little research about the car you are interested in buying. Preparing yourself with some knowledge and tidbits about cars will put you in a better position to negotiate the best deal. Think about what car model and options you want and how much you’re willing to spend.
You should try to get the best deal in town. Don’t buy the first car you see. Instead you should shop around and start comparing deals and prices. You may want to check automobile magazines, newspapers and car brochures to expand your knowledge. You may also want to consult your largest information source in the whole wide world; the Internet.
The next step is to know your credit score, only if you decide to seek a bank loan. Your credit rating shows how much interest rate you will pay on your car loan. You have to choose to pay for higher repayment on monthly basis with a smaller down payment or slightly lower monthly payment with a large down payment.
Read, understand, and consider the terms and conditions of the car financing before signing on the contract. Find out whether a warranty is included and what sort of after-sales service you’ll get. After-sales service is usually offered by the manufacturer. This should cover car parts problems. Remember that a warranty is included in the price of the car while a service contract costs extra.
Buying a car is a big investment, but it can be a pleasure and exciting experience if you are well prepared for it.