This sponsored post sharing Tips for Purchasing a New Car at a Used Car Price are brought to you through a partnership with Cars.com. All opinions and tips are my own as usual.
Purchasing a new car can be stressful and very expensive! One of the most common causes of stress when purchasing a new car is the price but there are a few tricks that could help bring the new car price down to a used car price.
I learned a lot of tricks from my husband on how to save money in any situation. He truly is the best at getting great deals and has even joked about writing a book about it to share his tips. He has helped family and friends get the best deal on everything they have come to him for and has underpaid on every purchase we have ever made.
I am not even joking when I say that he has haggled at the grocery store and got a good deal on frozen pizzas for buying in bulk. Seriously, he really did that.
Just the other day we hit up a garage sale that had a clarinet with a price tag of $120. Garage sales are usually the place most people haggle and try to get a great deal so that isn’t the impressive part, what really made my jaw drop was the fact that he got it for $10 and the lady that sold it to him couldn’t have been happier to do it.
He always gets the deals and lucky for you, I am sharing some tips I learned from him as well as a few tricks I have used to get a new car for the price of a used one!
Shop Around- Instead of heading to the nearest dealer to look around, do a little research online at Cars.com before even stepping foot on a car lot. Anything you find at other local dealers can be used as leverage for the potential buyer.
Let them know that a car you like just as much as the one they have available can be picked up for less but you are loyal to their brand or wanted to give this dealership a shot. Just that bit of information will help knock the price down before any of the real haggling starts.
Buy Last Years Model- Did you know that buying a new car that happens to be last years model is a great way to save? You are still getting a new car and it is still the kind you want but it just happens to be slightly older although not used anymore than the current years models.
The dealership wants to get rid of these cars as soon as possible and make room for the new years models, that means they are willing to work with you just to get rid of it!
Trade In- Trading in your old car can allow a little more wiggle room on the down payment and help the dealership work with you on a final purchase price.
Anytime you can bring the down payment down without having to raise your payments is a win for a car purchase. The less time you have to pay on the car, the less interest you will have to throw your money away on.
Play the Game- No matter where you go or what car you pick out there will have to play the game when purchasing a car. The game I am referring to is the back and forth between your car salesmen and his boss in the other room.
I have been in this situation many times and I still think it is mostly fake. The first few times your salesmen leaves to get approval is just for show, so keep sending him out and don’t let the pressure get to you.
Don’t Waiver- No matter how bleak your salesman makes the deal sound, don’t let it intimidate you. Keep trying to get the deal you want, the worst that could happen is he could come back and say no.
Good Credit- Having good credit is not something you can do overnight but if you can make steps to improve your credit before making a purchase of a new car you will pay less interest in the long run. A good credit score that allows you to pay less interest saves you thousands and it will increase your chances of getting a new car at a used car price.
Don’t buy the Extras- Do you really need heated seats and a full leather interior? Skip the extras that you can live without and save thousands on your new car purchase.
Time of Purchase- Don’t buy a car around tax time, everyone is purchasing at this time and they don’t need your sale which means you are less likely to get a new car at a used car price.
Have you ever bought a new car? What tips do you have to share that could help new car buyers save money?