Many people will go through their lives never owning a new car, and they’re just fine with that.
They stick with second hand. Then there are those among us who want to own a brand new car just that once. And of course, there are people who get new cars all the time as well, whether it’s via a lease car system, or if they are just financially able to afford a new car every few years.
No matter where you’re at with buying a new car, we’re going to assume that you (like everyone else in the world) don’t like to be ripped off, or to get a raw deal. If you are looking to buy a new car we’d like to offer you five tips that you can keep with you when you’re going through the process of haggling, negotiating.
Think about what you need
Before you even think about buying a new car, you need to think about what you want from your new car.
More importantly, you need to consider this in relation to the financial situation that you’re currently in! You obviously want to get the best possible results for the money you want to spend, and as a result you need to approach the new car buying process with an open mind.
It might be prudent, before you even consider buying a new car, to jump online and have a look at the various deals that are going on at the moment. Perhaps you want a luxury vehicle but your budget doesn’t quite run to Bentley territory. If this is the case and you still want a new car, you need to think about what are the other options available within your price range. Perhaps a Mercedes is feasible, and you can search within that realm instead. If you are shopping for a new Mercedes (or any other kind of luxury vehicle) be sure to check out Cars and Co Mercedes dealer – they can save you thousands on a new car and they’ll even deliver it to your door.
No matter what, you need to make a list of all of the features that you want your new car to have (like a reversing camera, Bluetooth speakers and hands-free, and anything else you might want) and then make sure the car you have comes with these features.
Consider your long-term costs
When you’re buying a new car, you want to be thinking about the resale value of the car just as much as you’re thinking about the current price of the vehicle! While this doesn’t necessarily help you to get a better deal on your new car, it can help you when you’re thinking about the cost of the purchase and mitigating the financial output now.
Get as many value-adds as you can
When you are buying a brand new car, car retailers are often inclined to incentivise these kinds of sales to get you to buy from them. Often, there are incentives like cash rebates, added extras, or other ‘sweeteners’ that will help with your decision making. You shouldn’t be backward in coming forward about these kinds of deals, and in fact you can use the fact that you’re buying a new car to your advantage in your negotiations with your car dealer.
Sleep on your decision
It’s often the case that car dealers will try and rush you through the paperwork while you’re all hopped up and excited about the idea of buying your very own brand new car. You need to make sure that you put some breathing room between you and the new car, so that you can make a clear-headed decision. You might think of something else that you can use to haggle with, or the dealer might be spooked by you taking time and will accept a better price.
Don’t believe a thing
We have to tell you this now: The primary motivation of the dealer is to make a sale.
An immediate sale. Once you walk out the door, the chances of making that sale are reduced by a great deal. Don’t believe them if they say that the deal is only available today. Don’t believe them if they say someone else wants the car you’re after and has just stepped away to arrange finance. And don’t believe their sales tricks.
In this internet age, we think that the smartest way to buy your new car is to shop with a car broker! Consider this for your next new car purchase and save yourself time and money in the short and long term.