I just remembered I had all these tips and freebies on my old site, so I thought I would transfer them over to the new one. Here are some basic tips for researching and choosing a new car. I will have my own tips later, but I thought I would get these out there. These are very good tips for the first steps.
I have found that the email method down below does not work. No one would give me a price quote over email. Few people gave me a price over the phone too. It may be because I am young, but the only way for me to get a price was to go into the dealership and waste my time with them. These are very good tips, and they should be enough to get anyone started.
1. Choose the car
- Read reviews, see future models, see TMV at Edmunds or pick up an auto issue of Consumer Electronics.
- Know which options you like or can live without.
- Find car clubs for the car you are about to choose. You can find what owners think of their car.
2. Find out the going rate
- Find out the invoice/MSRP price here at Carpoint
- See how much others are getting the car for at Edmund’s Prices Paid Forum.
- If you are buying a used car, find out the going rate at KBB.com
3. Bargaining
- Find multiple dealerships near you that have your car and find their e-mail sales contact
- Find the lowest price on a newspaper or Edmunds Prices Paid
- Email dealerships to beat the price. Going in to talk to the dealership gives them a chance to play games with you so email is recommended
- With the new price, ask other dealerships to beat that price.
- Repeat this process until you think you have a price you are happy with.
Other Notes
- Basic tips cans be found at Carbuyingtips.com. Highly recommended to read through this.
- Never ever make decisions based on what the sales rep tells you.
Great tips, Martin. I’m in the market for a new(er) Honda Accord for my wife.
The only other tip I can add is that if you leave emotion out of the deal, you’ll walk away spending less money.
Great blog, by the way, I’ll add you as a link.
-Grant
TheCornerOfficeBlog.com
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I’m still holding on to my old betty until I can put a down payment on a rental property. I hate to be liable for car payments. Though the Camry 07 has been itching at my interest for the longest. Should I wait? should I get it now? Ah well, soon enough. I’m thinking about riding my bike now that gas is back up to $2.80 around here. lol.
Excellent tips Martin. Definately some good information for anyone looking into purchasing a vehicle. Thanks for sharing!
Jeremy