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Tips and proven methods to buy a new car
Posted on: 24/May/2019 9:51:57 AM
Planning to buy a new car and left with no idea as to how to go about it? This article will help.
There are too many choices in buying new cars. A little homework done prior to your actual shopping agenda could help you a lot without feeling intimidated about your purchase.
Negotiation :
The entire car market is centred on the customers. It is your market. You can certainly go on and bargain for the best price and ideal deal. For this, you should get yourself prepared. Check out the market values of cars before heading out to the dealer. Know the market value of car that you are intending to buy. That done right, you can easily negotiate with the dealer.
Get your finances well-arranged prior to your shopping plan. However never disclose that you have the funds already arranged, because he may not be willing to cut down the price when you are financially ready for his deal.
If you check out one car, never try to zero in on the same model till the end. Explore the different dealers present out there in your city. Make a detailed comparison by enquiring rates, negotiating and talking to the dealers before you take a final call to commit. There are going to be many dealers for your preferred car type. Of them all, chose the ones that have good number of stock of your preferred card model as he can cater to your demands better. Importantly, it is ideal that you shop during the end of a month so that the dealers will rush up for filling up their quotas.
The financing part - a few buyers can buy their desired car with ready money while others need the financing done. Check out your personal record of money and decide how much your repayment ability is. Never rush out to pay using your credit card as the interest rates will be on the bulkier side. So, plan your expense so that you get maximum value for money. If you are planning to go with the dealers, it is going to be expensive too, as they purely aim at selling out the finance to you so that it can be an added profit on their deal. It is better that you avoid any kind of middlemen and deal with the financer directly. Basically, the rate of interest with the banks is lesser with banks as compared to dealers. Also, there are exclusive finance agents providing very low rate of interest and also has the approval processes faster, and made online.
Where do you buy the car ?
Buying from dealers - It is utmost safe and secured to buy the car from a dealer. As per law, it is compulsory for the dealers to provide warranty which gives you the cushioning in case anything goes wrong with the car soon after buying. Also the dealers give the owners the fullest ownership without any outstanding dues that may be complicating in the near future. Also they provide guarantee on odometer reading.
Buying from auction - - Furthermore, there is one more option of buying car which is from auction. You can obtain cars at cheaper rates, but at your very own risk. During auction, you will not have good enough opportunity to inspect its condition or go on a test drive. Buying from auction is out of your own risk. It is better that an experienced person buys from auction where he knows the little gestures, nuances and nods of the environment. For novice buyers, it is advised that they observe a few auctions and then take part to buy. Even while doing so, you are advised to get accompanied by someone who holds good mechanical knowledge about cars.
Buying from private parties - You can save a lot of money by making your purchase from private parties but it has its own risk factors. As you are done with closing the deal, the car is yours and the private party is in no way going to get back to you.
Ask these to yourself :
Before your choose to buy a car, here are a few questions to ask yourself so that you have better clarity on your purchase. This shall help you make riveting decision that never fails.
What type of driver are you? Discover your level of experience and expertise in driving car.
Do you take your car off road or move around within the town? What is the ultimate purpose of buying the car? Is it for long trips or just local use?
What are the features you are mandatorily looking for? Perhaps a very basic model would suffice, or you need the most sophisticated, cozy one. Which is your choice?
What is your budget? Be strong on the budget part as it should never burden you after buying. Decide the car model that fits into your budget than being very liberal in expenditure.
Have you got a parking area? Where in this world are you going to park the car? Discover the best place to park. It is well and good if you have your own parking space.
What is the insurance slab you are looking for? Decide your budget towards insurance and choose the best policy that also benefits your car for its entire lifetime.
So, are you ready to gear up with your car purchase?
