There are many ways to save money when buying a car, but there are three things you can do that will save the most money. Here are some of them!
1. Negotiate the price
Just like buying any other good or service, negotiate the price of the car. If you don’t feel comfortable doing it yourself, bring someone who has experience with it. Don’t be afraid or ashamed to negotiate the price, especially since you’re buying a used car which means that the dealer will already make some profit from you.
You want to throw out a low number and see how the salesperson reacts. If they come back with a higher number, don’t be afraid to counter with your own lower offer. If they’re not budging off the original price they offer, try to negotiate for other things in return.
There’s always some wiggle room and ways to get something that you want to be included in the price; you have to make sure that what you ask is proportionate with the car’s value. Sometimes it makes sense to give up a little bit of value so that you can get something else at a lower price.
2. Look at Kelley Blue Book when shopping for cars
The Kelley Blue Book is an invaluable resource when finding out how much cars are worth or what you should pay for them. You can get more information on how it works on their website. It’s a great way to figure out the price of the car before even going to the dealer so that you won’t get ripped off.
No price is written in stone, and the Kelley Blue Book is only a guide, but it’s still an excellent way to give you an idea of what you should pay for a car. A car is a depreciating asset, and its value drops by the minute, so you want to make sure that you’re checking how much it’s worth before making the purchase.
3. Get your own financing
Getting your own financing can save you hundreds of dollars because the dealer will have to do extra work. If you already have your own financing lined up, or if you’re able to arrange it beforehand, then there’s no need to let the dealer finance your car.
They’ll try very hard to get you signed up for their loans, but don’t let them do it. It will save you money, and you don’t need the hassle of dealing with dealerships representative later on when you’re trying to pay off your car.
It’s usually not that difficult to get approved for a loan, but you must check out your options before deciding where exactly you’ll be financing from. If you have a history with a particular bank or credit union, then that’s where you should go to. You can find out how much they charge for loans and the rates before deciding which loan is best for you.
And those are three things that you can do when looking at used cars in el cajon from dealers! Of course, there are many other ways to save money when buying a vehicle, but these three things will help you the most. When it comes to used cars from dealers, the best way to save is by getting your own financing and negotiating the price.
Moral of this story: Do your homework! If you don’t know a reasonable price for a specific car, do some research and find out.