Seems like it never ends, doesn't it? The media is always plastered with ads from car dealerships who are offering super, close-out, blow-out, going-out-of-business deals. It's true that you can generally get better deals at certain times of the year, but you have to be smart about it.
Here are some helpful tips to keep in mind:
Look for the best deals and research the car you want.
If you get a deal from one seller and take that dollar amount to another seller, they may come down on the price. If you pay with cash on top of that, you can get an even better deal!
Do this especially if buying from a dealership. For example, don't ask, "Does it get good gas mileage?" The dealer may consider 10 miles to the gallon to be good mileage, but you won't. Ask, "How many miles per gallon does it get?"
You must do this! Just like Dave says, if a dealer senses for even a second that you really want a certain car, you won't get a good deal.
Don't pay for things that you don't need like pin striping, special detailing and extended warranties. If you have your full emergency fund in place, it'll cover any costs you have if the car breaks or has problems. That is actually one of the beauties of buying a two-year or older paid-for car; it has a lot of the kinks worked out of it.
If you need support when going to buy a car, take a friend or family member who can help you keep your head. Your friend can also help you to remember details about the car that the seller tells you, which can help you make your decision.
Unless you're filthy rich, you cannot afford a new car! New cars drop in value like a bag of rocks. A new car loses 60% of its value in the first four years. Save up money and pay cash for a used car.
It's much easier to save $400 a month (the average car payment) for 10 months and buy a used car than to sign up for a payment plan and pay thousands of extra dollars for several years! Remember, the purpose of a vehicle is to get you from A to B. When you are working, going to school or helping a friend, you are not thinking to yourself, "Man, I am so happy since I have a new car. Life is beautiful!" The key to happiness is not a new car, so don't pay for it like it is!
New study adds to recent research that examines the merit of snowballing debts and how small victories provide encouragement to pay others.
From Seattletimes.comBuying a used car can be both a scary and expensive experience. Here are seven ways to be better prepared when shopping for a used car.
From Huffingtonpost.comWhether you are going through a new job search or a complete career transition, it's important to have a solid personal finance plan.
From Blog.Chron.com