When it comes to buying a new car, all the power is in your hands. Car buyers today have the ability to find the best deals and negotiate for a price that works for them. But most of the time, Americans don’t take advantage of this power, and they end up grossly overpaying for their new car.
DMV.com has come up with a few key reasons why U.S. buyers often spend more than they should. And after reviewing these mistakes, you’ll be well-prepared to save on your upcoming vehicle purchase.
Car buyers don’t do their research.
In today’s technology-driven world, drivers have a wealth of information at their fingertips. It’s up to you as a prospective buyer to use this information and use it well. This includes going online to research different vehicles that you are interested in and finding the best available prices for those vehicles. Most buyers, however, don’t go online to check out information on new cars, or they simply don’t do enough research. When you start your search online, you have immediate access to the base price of the car, the features it comes with and any extra add-ons available. You also have easy access to the prices offered by dealerships all across the nation. If you don’t start your search online, you could miss out on the best car for you and your budget. Don’t leave savings on the table. Go online now and find the best discounts on new vehicles.
Shoppers don’t compare dealership prices.
Using the internet comes with the added advantage of easily comparing dealership prices without making phone calls or driving around. Comparing dealership prices not only gives you a good idea of where to start, but it gives you leverage in a negotiation. You could save thousands of dollars on a new car by finding the best deals online before you ever step foot onto a car lot. Compare dealer prices and get a free price quote from the comfort of your home right now to start saving.
Most buyers don’t walk away from the first price.
If you’ve done all your homework before walking into the dealership, there’s no reason to accept the first price the dealer gives you. Dealers are going to try to sell the car for as much as they can, which is usually more than the car is worth, so it’s up to you to walk away from the first price they offer. Negotiations are crucial to getting the best deal on a new car, and the more-informed party will always win. To ensure you get ahead of the car salesperson, DMV.com recommends you arm yourself with a free quote online. Once you know how much you can save on a new car, the dealer doesn’t stand a chance.