Money Saving Tips when buying a Brand New Car

Have you ever dreamed of driving your first Ford or your own Maserati? Buying a brand new car is one of the most fulfilling events in a person’s life, especially if it is a car that he will be buying with his own money. In our society, a car reflects a person’s level of financial success. In this article, we’ll talk about some ways on how you can save money when buying a brand new car.

1. Know What You Are Buying

Keep in mind that you are buying a car not a simple shirt from your favourite department store! Cars are expensive! So make sure that before you purchase a car, you will have enough money left in the bank, after you make the purchase, for more important expenses such as education, food, electricity, water, etc.

2. Go to the Internet and Research

A hallmark of a good buyer is his ability to purchase rationally. Research about the good and the bad attributes of the car that you are planning to buy and consider other options. Visit online forums and read the reviews and comments of car-owners on different car models. To be able to select the best automotive deal, try to find the real suggested retail price (SRP) of the car you plan to buy. Researching is the best way for you to know more about a car and the knowledge you gain will eventually come in handy when you the time for you to decide which car to buy has come.

3. Consider the Regular Costs that Come with Owning the Car

When selecting for the best car to purchase, consider the regular expenses that will come with it after you purchased a certain car. Research on the amount of gas the car consumes, the cost of maintenance and other possible costs which might not seem obvious and significant at first.
Once you have decided on which car to purchase, it’s time for you to find the best promotion that fits your finances. Make the most of your money by finding the best deals in town. And be sure to commit to a payment plan that you can really handle.4. Find the Best Car Dealer.

5. No Extras Please

Avoid the extras that the salesman might offer you. Extra tint, elegant looking seat covers, etc. may surely look good, but these come with additional costs. Forego this option, you won’t really be needing them anyway.

6. Cash It

If you have the money, it’s always best for you to purchase your dream car with cash. A cash purchase will almost always be cheaper than any other modes of payment. Borrowing money from a bank and 0% payment options are traditionally more expensive due to interest and other hidden charges that come with them.

7. Be Ready When You Face the Dealer

Once you have done your research, you will be able to face your car dealer with confidence and enough knowledge about the car that you are buying and possible financial arrangements. This effectively eliminates any attempt of the dealer to fool you and make you fall into costly loan packages. Bring cash if that is your chosen mode of payment, it will be harder for the dealer to refuse your demands because you already have the money.

Buying a car is a leap of faith! It is a huge investment. Think about it carefully and don’t make a purchase if you can’t pay. Save money instead by foregoing the decision to purchase a car. After all, public transportation remains to be a viable option for moving around the city. Remember one less car plying the streets and highways would mean less pollution and less traffic!