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Other Car Buying Success Tips
- Be as specific as possible about the car you want to buy. Some dealers have a tendency to quote you the lowest price car in your car category.
- Let the dealer know you have shopped online and are checking out multiple dealers. Hearing this, most dealers will offer you a more competitive price.
- Do your homework for all aspects of car buying before stepping into a dealership.
As a quick summary: 1) Get pre-approval for your auto loan 2) Find out the new insurance rate from your car insurance beforehand, 3) Get price quotes for car accessories and their installation costs at specialty stores before talking to dealers, 4) Get quotes for the new vehicle's extended auto warranties, 5) Get a general quote for the trade-in amount for your old vehicle. Some dealers will try to make up the discounts they give you on the new car by giving you a lower trade-in price for your old car.
- If you plan to get a loan to buy your car, pay attention to the total loan amount (including the interest) – not just the monthly payment. Some lenders may increase the interest rate or extend the number of months of the loan to achieve more profits, and this can dramatically increase the cost of your car. Your best approach is to specify that you want your monthly payments to be a specific amount over a specific number of months, and also try to negotiate down the interest rate.
- Make sure to master every aspect of the automobile sale. Impatience can wind up costing you money!
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