Aside from your wedding or your house, a car is one of the biggest investments you will make in your entire life. You do not want to pay more that what the car is worth or get stuck in paying your car loan. This is why it is paramount that you do it right.
1. TIME IS ESSENTIAL
Due to working hours, circumstance, and quota system, the best time to shop for a car is on the last weekdays of the month.
Most car shoppers visit the store during weekends where salespeople are usually busy. To ensure undivided attention, purchase a car early in the week. It is best to purchase later within the day, as salespeople are anxious to get home so they will spend less time negotiating. Lastly, best deals are at the end of the month especially if the dealers are just a few sales away from reaching their quota to meet their incentives.
2. BUY THE OLDER MODELS
Instead of buying a new model of car and losing a great deal of money, purchase a car that is at least 1 to 2 years older. Some may even take second-hand or used cars into consideration.
3. RESEARCH TO BE ENLIGHTENED
Determine how much you want to spend and whether you want to buy a brand new or secondhand car. This will give you a view of how long you have to save to replace your current car (if applicable). Research on the real value of your car options to see if you are getting a good deal.
4. RESIST THE UNNECESSARY
Dealers may make you pay more that you have intended so be firm and him or her that you mean business. Since they work on commission, they may offer you warranty, road service packages, and so on. If it is not needed, say no and stick to it.
Don’t allow yourself to feel uncomfortable and pressured into anything you are not interested in. If you go with a certain number in your head, stick to it. Now is not the time to stray from your budget.