I’ve recently began shopping for a new car and the task is overwhelming. We’re aware of that depressing statement that a new vehicle depreciates in value the 2nd you distance yourself from the car dealership. I did previously believe that was an exaggeration until a friend experienced a wreck in her own Dodge Durango a week after she bought it. The insurance coverage wouldn’t offer her enough to pay for purchasing a replacement despite the fact that she wasn’t to blame for the accident. She needed to have an attorney and finally she had the vehicle taken care of although not without a huge song and dance around the problem for a few weeks.
Purchasing a brand new vehicle is a great expense. As I begin this journey again, I need to consider a lot of factors. Besides just the price of the car, you have to consider the cost of license plates, insurance, gas, and regular maintenance all for starters.
A key to any new car search also involves finding the true value of the car you wish to purchase. There are several different ways to discover the value on the particular vehicle. You can check online, NADA.com or KellyBlueBook.com, Edmunds.com, cargurus.com and many many other sources.
My favorite place to shop for cars has to be ebay.com. Mainly because cars are truly bought and sold there. Where you are at an online bazaar and you can quickly get the feel for the true market price from just looking at the transactions that go on there every day.
Once you are confident in the price of the car you desire, you must consider the interest rate if you’re using financing. To avoid hours of bargaining at the dealership, it’s always good to get financing prior to shopping for the care or arriving at a dealership.
November is an extremely good season to begin thinking about purchasing a new vehicle. It’s because auto dealers would like to start clearing out automobiles form inventory to create room for the following year’s hot new rides. Because so many dealerships see reduced traffic over winter months, during the cold and also the holidays, they may offer you the deal-of-the-century to help make the sale.
Again, look for sales around the holidays. This might be a great time to save cash. Once people begin receiving their tax refund checks in February, March and April, your bargaining power will be greatly diminished. Always remember that today’s car buying decisions begin online and not at the dealership. As I brave the cold this winter to find my next “Hot new thing”, I’m reminded that it’s always “buyer beware” and that an educated buyer is more than likely, a happy buyer.
Adrian Cox, Yes Success Contributor