Okay, so, you’re in the market for a new car, but you can’t afford to pay the extortionate prices at the forecourt. Does that mean you have to lower your standards and resign yourself to a vehicle from the used market? No, it does not! There are lots of ways in which you could drive down the cost of a new model if you think outside of the box and use all the tips from this article. You’re not going to slash the price in half, but you could save hundreds of pounds if you’re smart. When all’s said and done, most modern automobiles are overpriced when they first hit the markets, and so it doesn’t make sense to empty your bank accounts.
Don’t trade-in your old model!
One of the biggest mistakes people make when buying a new car relates to using their old model in part-exchange. That is never a sensible move because the dealer will not give you the full value of the vehicle as they plan to sell it on for a profit. With that in mind, you just need to find a private buyer for your old car and sell it to them as quickly as possible. There are lots of car auctions online every day, and so you should have no trouble when it comes to getting the best offers. Indeed, you might manage to sell the vehicle in a matter of hours if you list it at the right times of the day. You can then use the money as a down payment and reduce the amount you owe on any new vehicle.
Negotiate with the seller
Contrary to popular belief, there is always room for negotiation, even when you’re buying a brand new model. The sellers want to secure a sale, and so they will bend over backwards to help you find savings if they think you’re going to walk away from the purchase. For that reason, it’s sensible to ensure you never seem overly keen on the automobile during your test drive. If you want to improve your negotiation skills, you just need to:
- Read advice articles online
- Practice in other situations
- Ensure you’re willing to walk away
Ask about finance options
If all else fails, you can always reduce the amount of money you have to pay for the vehicle upfront if you ask the seller about finance arrangements. Technically, that move increases the cost of the car because you will face interest payments on top of the asking price. However, it does mean that you don’t require a lump sum in your bank account, and most people would agree that’s a welcome benefit. Just make sure you always read the small print and never sign on the dotted line unless you’re 100% confident you can meet the repayment schedule.
Now you know how to drive down the price of any new car, you should get better results when you visit local dealers. Just make sure you implement the advice from this page to ensure you don’t have to empty your accounts or sell a kidney to get the vehicle of your dreams. See you back here soon!