How To Save Money On A New Car

By: Shaan Randow

The price of cars these days is just out of this world. You can
figure on spending upwards of $30,000 for a family van. No
wonder a lot of people are opting for used cars. Even with
prices creeping up and up there are still ways for you to save
money if you have your heart set on a new car.

The first advice I'll offer is to do your homework before you
approach a dealership. There is an endless amount of information
available on the internet. Every car manufacturer has a website,
dealerships have web sites. See what deals they are offering on
what models. Check on the edmunds.com website for information on
retail prices for new and used cars of any make and model. You
should, before you even pull into the dealership, have a
ballpark figure of what your new car should cost, including any
special packages you may want.

A lot of dealers have taken the haggling and pressure out of new
car buying, which many of consumers like. Remember the days when
you'd ask what the price of a car is and the salesman would
reply "how much can you afford to pay a month?". You never knew
exactly what you were paying for your new car until you were at
the desk ready to sign the contract. Today we are educated
consumers and those days are gone forever.

You will be able to get a good deal during the end of model year
sales. The dealers will make just about any deal to get an older
model off the lot to make room for a new one. Also, go into the
dealership at the end of the month. Your salesman will be doing
his best to sell a few more vehicles to up his commission
payment.

Get the bottom line price for that new car before you talk about
a trade in. Generally the first thing a salesman will ask is if
you have a trade in. Say "no". If your salesman knows you have a
trade in it will affect the price you pay for your new car, no
doubt. If he makes you a ridiculously good deal for your trade
in you can believe that the price of your new car will reflect
this. Make sure you know what the value of your trade in is.
Again you can check edmunds.com. Take you car to a variety of
dealerships and get an idea of this price from them.

The bottom line is to do your homework. Get a price for the new
car from several different dealers. There is nothing wrong with
each of them vying to give you the best deal.

Consider your finance charges. Get a quote on the interest rate
you're offered from the dealership, then check with your bank or
credit union to see what type of interest rates they offer.

About the author:
This article courtesy of http://www.porsche-fanclub.com