Finance Globe

U.S. financial and economic topics from several finance writers.
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Consider the Dealer when Buying a New Car

Buying a new car can be both stressful and exciting at the same time. On one end of the spectrum, you know you are going to be negotiating with the dealer for the best deal possible (that is the stressful part). On the other side, there is nothing more exciting than driving a shiny new car off the lot.

Which steps can you take to minimize stress? By comparing multiple dealers, you will soon find that one has more to offer somebody in your position. Here are three of the most important details to consider when comparing dealers:

1. Reputation. Let’s face it: many car dealers have a bad reputation among consumers. Do you know which ones in your area have this reputation? Do you know which ones have been able to overcome the stereotype, winning the hearts of consumers?

In addition to asking around, search the internet for consumer reviews and other related information. The details you dig up will go a long way in shaping your decision.

2. Selection. While not always the case, most people agree that a larger selection of vehicles is a good thing. The more cars a dealer has on its lot the better chance there is of finding the right one.

You can learn more about the selection by doing two things:
  • Walk the lot on your own, taking notice of what is available
  • Search the dealer’s website for a better idea of its inventory
3. Pricing. Is there anything more important than getting a good deal on your new car? As you compare dealers, make note of which one is advertising the lowest price for the vehicle you are interested in. From there, you can start the negotiation process online to get a better idea of how much flexibility they have.

While it may not be high on your to do list, the best way to get a killer deal is to negotiate with at least three dealers. When everything is said and done, you will know once and for all where the best deal is coming from.

It is easy to believe that all car dealers are the same, however, nothing could be further from the truth. Even if two dealers are selling the exact same car, there are differences to be aware of. Are you going to use this advice to better your chance of having an incredible buying experience?
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Sunday, 18 August 2019

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