How Shopping Around Saves Car Buyers Money

Ella Stephen June 2, 2016 0

If you are in the market for a new vehicle, you already know how complicated and intimidating the buying process can be. With dozens of different car manufacturers to choose from, just finding the one you want can be a real challenge. Even after you have made that decision, you have to select the make and model that meets your needs and budget.

With the average car or truck costing five figures, it has never been more important for buyers to shop carefully and compare their options. According to Handy Buick, it is important for car buyers to shop around as much as possible and learn as much as they can about the car, truck or SUV they have their eyes on. No matter which vehicle you ultimately choose, you will feel better knowing that you got the best possible deal.

When you are getting ready to buy a new or gently used vehicle, the first thing you need to do is assess the fair market value of the car, truck or SUV. There are a number of resources you can use, including Kelly Blue Book and Edmunds. Each site uses its own set of criteria to value vehicles, so it is a good idea to check several sources and take the average.

Armed with your newfound knowledge, you can start shopping around for an affordable used car in earnest. The good news is that you may be able to do a lot of the shopping from the comfort of your own home. Many automobile dealers are now placing their entire car, truck and SUV inventories online, so you can easily search for the make, model and model year you have in mind.

It is important to look at the total cost of the vehicle as you shop, including dealer fees, taxes, tags and so on. Knowing the total cost of the vehicle will make it easier to compare the fair market value you found earlier with what local car dealers have to offer.

Knowing the fair market value of the vehicle you have in mind will also make it easier to strike a great deal. While many car dealers have adopted a no-haggle policy, others still welcome shoppers to negotiate for the vehicle they want to buy. If you have good negotiating skills, you might be able to shave hundreds, or even thousands, of dollars off of the car, truck or SUV you have your eyes on.

Before you drive off the lot with the car of your dreams, it is a good idea to have a qualified mechanic give it the once over. You can skip this step if you are buying a brand new vehicle, but if you are buying used, it is imperative that a mechanic check things out. Buying a used car is a great way to save money while getting the transportation you need, but you do not want to get stuck with a lemon.

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