Tuesday, April 3, 2012

Craving Cars?

A lot of new 2013 car models are coming out, and the new car craze is hitting the nation, along with these terrible spring allergies. Why bring this up? Simple, I'm caught up in the craze. This is the best time to get the 2012 models at a great price, which is exactly what I'm planning on doing in the very near future. I've got my eyes set on a brand new Subaru Impresa WRX, and I intend to be smart in my purchase.

I've gone to look a t cars with my parents and solo a few times already, and I'm planning my smart buy. The last car I bought, I managed to get over 4 thousand dollars off the price. I know, as well as most people, that to buy a car for the amount shown to you by the dealership is a ridiculous thing to do. The dealerships expect you to haggle, so they overprice their cars. I'm going to share with you a few ways to save money based on my past experience buying my cars and visiting dealers this season.

The first and most important thing to remember, at least in m opinion, is to only buy a car if you can afford it. So many people go into debt or too deep into their savings because of the need to have a new car now, when the smart thing to do would be buy used or hold off until you're more financially secure. Not only will you have peace of mind if you follow this advice, you'll also save a ton of money. Let me explain. Someone with a car fund, or the money to buy a car at hand, will be able to supply the dealership with a large down payment, thus reducing the amount of interest they'd have to pay on any car loan or payment plan. Sound simple? It is! So don't be greedy or rash, save up that cash! A great example of this is my friend who paid his car off in cash, in full at the dealership, and as a result got 6 thousand dollars off his new ride.

Other discounts that I've been able to enjoy in the past have been hundreds of dollars off by taking advantage of mail-in rebates, same brand discount (where the dealership will discount money for owning one of their cars already), and trade-in discount. The last one is where you will most likely get the most bang for you buck. By bringing in your old car, getting it's value in credit, and applying it to your new purchase, you not only leave an old used car behind, you leave the lot with a brand new car having paid practiacally nothing at all! Assuming of course that you don't trade in a lemon expecting to leave with a nice luxary car. Play it smart, readers, and the money saved will begin to add up!


1 comment:

  1. You have some *excellent* tips in this post, and they all should work. Now can you put some numbers together to show us what the sticker price is on the Subaru and what you anticipate you can get from the deal? It would be interesting to know your financial plan beforehand.

    And don't forget: getting a loan from your bank or credit union can save, too. Their lines of interest can be much lower than the dealership's. Also, having a Costco or USAA membership can automatically save thousands on the deal from the member purchase programs.

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