Have you just made your mind to shell out your money for buying a brand new car? If so, this article may guide you throughout the process. When buying a car you have two options to choose from. You can buy a new one or you can go for a used one. You may not prefer the second option because a used car may have a lot of problems, such as bad tiers, noisy engine, scratched body and so on. So, you may be willing to spend extra for buying a new car. Read on to know how to go about doing it.
Do your homework first. Study Consumer Report magazine or go to their website to read up on latest cars. Aside from this, you can visit any of the tons of websites offering news on latest cars.
Decide on your prioritize based on what is more important to you. For this purpose, you may want to consider factors, such as safety, performance, reliability, versatility, spaciousness and fuel efficiency. Budget is also an important factor.
We recommend that you shortlist at least 3 car models in order to make your selection easier. For this purpose, you should go to the website of the manufacturer for customizing your car with your desired options. You should obtain the Manufacturer’s suggested retail price (MSRP) for your shortlisted car models. In addition, find out if the manufacturer offers any incentives for the models you have selected, such as a $400 rebate or $1400 cash back for fresh college graduates.
Make certain you are familiar with the different terms used by car dealers, such as Holdbacks, Financing incentives, Freight/Destinations, and MSRIP, just to name a few. You should read up on these terms beforehand as they can increase or decrease the final price of the car. Your car dealer can also spell these terms to you.
You can read up on the invoice price on the Internet. Actually, invoice price is paid by the dealer. Many websites are out there offering invoice prices for each make and model.
Get in touch with a local dealer and online sales manager for more information. Talking with the “conventional” car sales employee is not a good idea, as they usually will not give you as much discount as the online sales managers.