Finance Globe

U.S. financial and economic topics from several finance writers.
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Answer these Questions before you Visit a Car Dealer

Imagine this: you are all set to purchase a new vehicle. All you have to do is visit your local dealer, negotiate a deal, and drive off the lot.

As simple as this sounds, it can be extremely challenging if you are not prepared for everything that could come your way.

There are questions you need to answer before visiting a car dealer. These include:

1. How much do you want to spend? If nothing else, make sure you have a ballpark number in mind. This will ensure that you don’t blow past your budget.

Tip: shop for your own financing before visiting the dealer. This could save you money on your monthly payment.

2. How will you deal with the negotiation process? Some people enjoy negotiating with a car salesperson, while others shy away from this at all costs. You don’t want to simply give in and pay the sticker price. Doing so could leave a lot of money on the table.

3. Which vehicle are you most interested in? It is a good idea to have one vehicle in mind, as this will point you in the right direction upon arriving at the dealer. If you are all over the place, it can be difficult to pinpoint the perfect vehicle and begin negotiating.

4. Are you open to other options if your primary choice is too expensive? Some people have no problem considering other vehicles. Others, however, don’t want to think about anything else. They know what they want, and that is that. Neither position is wrong. You simply need to know where you stand.

5. Will you walk away if necessary? When you visit a car dealer to make a purchase, you hope this happens soon enough. If it doesn’t, you need to be willing to walk away. It can be painful, but it will work out in your favor over the long run.

These are the types of questions to address before you visit a car dealer. Once you are equipped with answers, you will find yourself in position to negotiate the best deal on the vehicle of your dreams.

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Monday, 14 October 2019

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