How can I save money buying a new car?

Question

Look for a good car and not spend alot?

Answer 1

Get a used car. Get something that's 1 or 2 years old. You cannot save money by buying a new car. The depreciation on a new car within the first year is ridiculous. You can save up to $3000~$4000 on a car if you get it used.

Answer 2

If you are prepared to buy a used car look for one that is less than two years old. I bought one that was 18 months old once, it lasted me 19 years and is still on the road seven years after I sold it.

Some dealers have run-out specials when models change, you can get the remainder of their old model stock at a good price.

Also look for ex-demonstrator cars - new cars that dealers use to drive potential customers about. They may have a few hundred miles/kilometres on them but you can be sure that any faults that were in the car from new will have been fixed. You will of course not get your choice of colour, interior etc but demonstrators generally have a good level of options.

Don't look too eager to buy a particular car. Ask directly for a discount and if they say 'no' make as if to leave. The price may drop a couple of thou. immediately. I did this once. The price dropped two thousand as I stood from my chair.

You can also save a lot of money on payments if you can offer a big deposit. If you finance a car the interest will cost a lot. The bigger your deposit, the smaller your interest. If you have a mortgage on a house, ask your bank if you can extend the mortgage to buy the car. Mortgage interest is generally the lowest you will find easily.

Answer 3

You don't !!! If you're smart you will buy a good used car. The new cars start to fall apart after about 3 years and you still have about 4 or 5 years to pay on it. If you let it go you still have to pay the difference of what they re-sell the car for and you have nothing to show for it...BUY A USED CAR...speaking from experience!

Answer 4

you should figure out your budget..then look up types of cars you want. Try looking on www.kellybluebook.com to see how much that certain car is worth...so when you go to a dealer you can see what prices are sensible. Also, make sure that you look at the invoice for the cars you are considering buying. The invoice will tell you how much that car company paid for the car...then you can see how much they are trying to make off of profit. Do not buy a car that is more than $2000 over the invoice price...maybe even $1,800.

Answer 5

1) dont buy a new car. cuz the minute you drive it off the lot youve lost about 5-10 % of its value.

2) make as big a down payment as possible

3) make as large of payments as you can---it all means less interest

4) shop around for the best financing--some auto dealers offer 0% interest if you have good credit--- better than most banks will offer

Answer 6

Search the internet for CarMax.com They have really, really great cars for a reasonable prices. Or of course, there are alot of used cars listed on other internet sites.

Answer 7

dont buy a new car, by a rental return that is a couple of years old, almost new and always in 100% condition and save 30%+

Answer 8

Read "Consumers Reports" on the models you are interested in.

Answer 9

used.. works best