Buying a car can be scary. Most of us have to think about it at some point and, if not tackled in the right way, it isn’t hard to wind up having a bad experience. How do we know that we’re getting the best deal on it that we possibly could? I’ve decided to try and tackle this most essential of questions; so I’m here to give you my top tips on getting the best deal when you decide to buy a car, new or used.
Easily the most important thing that any hopeful car buyer must do is research. Do you want to buy new or used? Do you buy from a dealership or privately? How much do you know about the car you’re planning on getting? All of these questions need answering BEFORE you commit to anything.
New cars obviously have their benefits. Namely its newness, you needn’t worry about unknown history. You get the full warranty package and any and all sweeteners the car comes with and you can choose the exact specification. In the end though, I’d usually recommend buying a used car. Not only do you get an enormous breadth of choice, but you also have the obvious benefit of price reduction. About 20% of a cars original value is wiped out as it leaves the showroom. Used cars are also (arguably) better for research, as the model has a history that you can look into and understand how reliable and efficient it is, aside from company jargon.
Buying from a dealership however is probably a better idea. Though it may cost more than buying privately, they offer far more protection. This makes dealerships the obvious safer bet, though again it may cost a tad more.
Before you get around to deciding your car, you should also ensure you’ve thoroughly figured out how much it’ll cost to run. Even at the point of physically seeing the car you want, don’t forget to test drive it. (If necessary) you could even think about renting a car of the same model before you commit to buying it; this lets you not only work out the running costs, but also be sure you actually like driving it.
Buying for the right price
Now that we have all that out of the way we can finally get onto what you came here for. The main event, actually negotiating your price. It’s important that you remember to haggle, bargain hard or you won’t get the price you want. Remember these dealers are paid to negotiate like this, and it’s expected of you too. The first rule is to never pay the list price, that’s a fool move. As I said they do this all the time, so you’ll need to switch things up, a good way is to not threaten to walk out. Do it. People threaten to walk away all the time, but very few do, so by leaving the dealer will realise you’re serious and almost certainly lower the price.
Don’t pay full price for extra options you don’t want, and maybe think about asking for little extras to be thrown in. If necessary, pit the dealerships against each other to get the best price, and try and by during sale periods, this will definitely help you get the most for your money.
By following all these tips you should easily be able to get the best price you can for your car. Good luck finding the car of your dreams, and remember to read what you’re signing before signing it. Happy hunting!