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The following article was published in our article directory on March 18, 2015.
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Article Category: Automotive
Author Name: Mark de Jongh
New cars are very expensive and they can consume all of your finances once you buy them without adequate preparation. Aside from making a financial plan for the car of your dreams, you must also make a plan on your selection process. Here are some guidelines for purchasing new cars:
Get a car loan approval - One way of knowing the interest rate you can qualify for is by getting approved for a loan from your bank or credit company. If you find the interest rate offered to be very high, you will know that your credit history may not be doing well. You will need to resolve this issue first before you should step up to purchasing your dream car.
Know your car's market value - Prices of new cars are negotiable, but only to a particular discount. It would be wise to know your target car's market value or average price that buyers pay for new cars in your area or region. You should also check the current market value of your old car if you plan to trade it in at a dealership or sell it to someone.
Find the locations where you can buy your target car - Search the internet for dealerships near you that carry the model and year of the car you want. Having only one specific car in mind can be hard to find especially if the car of a particular make and year is hard to find. Being flexible with your options can give you a wider range of cars you will find for sale. Once you find the car or cars you want, you can easily contact the dealers through their websites to make your reservation or call them to be sure that their sites are updated and that the car you want is still available for sale.
Confirm your car's price - Once you get to locate the car you want to buy, be sure to compare the prices if more than one dealership near you is offering it for sale. You should also consider their current promos or sales discounts that might be worth availing. When you call them up to confirm the car's availability, you must confirm the price's accuracy and the promo package that comes with it, if any. Let the dealer make a price promise for you before you visit their shop to see the car.
Negotiate for a lower price - Car prices are negotiable, so even if a price promise was made by a dealer, you can still try to convince them to give you a particular discount. To make it competitive, you can also contact the other dealers that offer the same model and color and convince them that you will buy only from the dealer who beats the other dealers' prices. However, you must consider their exact locations and service features like dealer financing, delivery, warranty, and insurances before you make the bargain.
Explore your car - Before you go buying the car, make sure that you schedule for a test drive. This is important because this is the only way you would know if the car really fits you. You should also explore the features that you may use every time you drive the car.
Keywords: used cars, second hand vehicles, new cars, cars, motoring
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