Shop Wisely When Shopping For A New Car

Shop Wisely When Shopping For A New Car

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If you are in the market for purchasing a new vehicle, one part of the decision making process is how you will pay for your purchase. If you have enough money for a cash payment, then you are in a position to leverage the best possible deal.

car loanMoreover, if brand loyalty isn’t a big consideration, then your options are greatly expanded. Consider the following points when shopping for your next car:

Seasonal Deals – As the old model year comes to an end, new models begin to show up in dealer showrooms. But there is a problem: many dealer lots are filled with older “new” cars and they are eager to move them. Some of the best new car deals come during the months of September and October as rebates totaling thousands of dollars are made available.

However, you don’t have to settle for those rebates alone as manufacturers offer incentives to dealers to move inventory. Research online to find out what they’re getting because you want a piece of that action!

Model Ending Deals – If a particular brand is discontinuing a model or replacing that vehicle with a newer version, then big deals on the discontinued model should be available to you. In this case, you are in the driver’s seat as most consumers prefer to buy the latest model. If you don’t mind an older version then go for that model as it will offer the biggest savings.

Zero Percent Lending – Which should you choose: the zero percent loan or the big cash rebate? If you are paying cash it would be in your best interest to simply finance the purchase and bank the money. In effect the auto lender will be giving you thousands of dollars in interest money for your choice. If you lack a sizable down payment, seeking independent financing at a low rate and taking the cash credit is a good way to go too.

Slow Movers – Several manufacturers are desperately trying to get back on track following record losses, sales declines and potential bankruptcy. And they’re eager to do a deal! Just make sure that you come away with a car that you really want as some of the deals being offered are on models that have a low resale value.

Yes, you most certainly can save money on a new car. Do your homework, shop around and compare offers. The current state of the economy has revealed that we’re in an unusual buyer’s market, one that may not last beyond the end of the recession.

Adv. – How about a card you need that fits your financial objectives? Whether you are a savvy consumer or first-time user, there is a credit card that will meet your buying-power needs. Please visit nBuy.com to conduct your smart credit card search.

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Categories: Autos Express