Whats the best way to save money on new cars?

Question

What have you done to save money on new cars? Or what is the best way to get a great deal on a new car? Please only people that bought new cars should answer this question, thank you!

Answer 1

I've gave in alot of time at the Nisson Center.

We haggled 2 thousand-3 thousand off the manager's special Sentra.

Tips:

It helps to do a little research on the internet

Make eye contact everytime youre talking to the car salesmen

Intimidate the car seller by telling them you'll buy from another type of car- like Jeep, Lexus,Chrysler,Volvo or any luxury cars not Honda.

Point out any scratches on the paint or any marks in the carpet and any negatives of the car you want

Dont buy the car if they DIDNT give you the price you wanted.

When they say" this is the lowest price you can get ", its so not!

State a price at least 500-1000 dollars off the "lowest price you can get".

If they dont, just say, we'll just go someplace else...keep your head high, and if they accept it.. walk on!

In my case, they caught us, before we even set a foot on the parking lot, since they switched alot of car salemens like every hour, two of them just caught us in time.

and the price was low!!! : )

it helps if you exceed more than 7 hrs and come in groups!!!

Answer 2

Just bought a new car Saturday!

Take the ad with you. Look for the 0 percent financing or similar or go in with a preapproval from your bank.

Tell them what you want you monthly payment to be. If you have a trade, you need to research what its worth, then either sell it yourself - or donate - if they will not give you this price.

Tell them you are looking at comparables with other companies. The delaerships are hurting just now so they don't want to lose your business IF the bargaining is reasonable.

Good luck.

Answer 3

Depends how old you are.  if you are under 23 or so, I would definitely bring a parent.  Dealers will try to take advantage of you, and they are more willing to deal if you have someone older with you.

I just bought a new Nissan Sentra (I am 20) and my mom came with me and helped a lot.

1. Do your research.  Read these boards, look at at car reviews, and know the car that you are getting....along with other cars simliar to it.

2.  Probably the biggest thing you can do is go to different dealerships.  A dealership around me was offering $2000 no matter what car you bring in.  I had a 96 neon with 100k miles on it.  I went to Nissan and told them that another car dealership was offering this, and they honored it.  I got $2k for my car, when its really only worth around $800.

3.  Be prepared to walk away.  I went back 3 times to the same dealership. First time was a ballpark figure. 2nd time was a solid figure, and 3rd time was 2 days later and I got another $300 off.

Time are tough right now, and the dealers WILL do whatever it takes to get your business, because they are hurting badly.

4. If you are planning on getting a loan, make sure you find out what interest rate they are giving you, and what the best rate you can get.  Dealers try to give you numbers based on monthly rates (short term with low interest rate).  Try to negotiate on a 60month term.  The price per month will be lower, and you can always make higher payments to pay off your loan faster.

Basically, do you research online before you make any decisions.  It may take you a few weeks, but in the end you will be happy and save a lot of money.  PS- Dont get an extended service plan.  Thats the real way that dealerships make money.  Your new car will come with a warranty, and if you do indeed wish to get an extended plan, you can usually add it on within the first 3 years.

My car sticker price was:

18,185 - 1500 dealer incentive - 2000 trade in= 15600 with tax and tags.  Also, putting more money down will help the deal...but dont let them know you are putting money down until near the end of the deal.

EDIT: I read someone else's post.  Don't tell them what you want the monthly payment to be.  They will end up changing interest rates, and the value of the car and trade in.  If they come at you with a price you dont like, simply say that you want something lower.  Tell them to see what else they can do, or give you more for your trade in.  Near the end of negotiating, you can tell them the monthly price you want to pay, and see if they can work off of that.

Dont be afraid to borrow their calculator and do some math, or even go take a walk around outside and talk it over with the person that you brought with you.

Good Luck

Answer 4

Only trade in a car you have already paid off if you are trading in (if the dealership offers to pay off the loan on the trade-in, they just add the balance to the price of the new car).

If you are a single female, bring a brother, father, boyfriend or some other guy you know well enough to keep the dealer from taking advantage of you.

Go in the morning.

Go on off-days like Wednesday

Try to go when the wheather is bad.

Be meticulous and detailed when you look at the car (check everything even if you don't know what you are looking at).

Don't tell the dealer exactly how much you want to pay or the payments you are looking for.