Do your research.
New, used or leasing? This question is really important because it will determine the type of cars you are looking for and the search channels you are going to use. Each of these options has its own pros and cons.
You can find really good deal for used cars nowadays and save a lot of money, however you will have to pay higher interest rates and the warranty period will be shorter. A new cat will come with lower interest rates and a longer warranty, but for the same amount of money as for the used car it will have fewer features.
If you lease a car you can get a more upscale car for your money, but you won’t own the car outright and you have to follow the leasing terms.
Limit your choices. After you have decided on what type of car you want to buy, you can start looking for those that fit your criteria. Try looking on online platforms or in your local newspapers, there are tons of offers, you just have to find the right one for you. It might be best to limit your choices and make a list with your favourite ones. Additionally, make a list of things that your car needs to have for you to buy it and some things that would be nice to have but are not really necessary.
Compare Prices. Your research should also include the market prices and invoice prices for the cars you want to buy, don’t just assume that your local car dealer will offer the best price. Having a general idea of the current market price can give you a great start for negotiations.
Many car manufacturers offer discounts to students, military members and other social groups and these discounts can be combined with the cash back rebates from the dealer. Just make sure the discounts are deducted after you agreed on a price.
Trade in value. If you have a trade-in don’t wait for the car dealer to tell you what it is worth. Research the current value of your old car beforehand, to make sure you get a reasonable amount of money for it.
The Dealers. Try to find different dealers in your area, ask friends and family members for their experience, maybe they know someone and can give you a recommendation. Also try to look for reviews online and check what previous customers have to say about the dealer.