| SAVING MONEY WHEN BUYING A CARIt is very | | | | patient. Letting the dealers know that you have been |
| easy to spend more money than you should when | | | | intouch with multiple dealerships will likely result in you |
| buying any make ormodel of new or used car. We | | | | being offered bettercar price quotes. |
| have outlined some general tips and informationthat will | | | | -- Do some research to see if your regional incentives |
| help you save when buying a pre-owned vehicle. | | | | are available in yourarea for the vehicle that you are |
| -- Buying a car makes more sense than leasing one. | | | | buying. |
| Think about it, when yourlease is done, you don't own | | | | -- Never buy on impulse! |
| anything. On the contrary, at the conclusion ofyour car | | | | -- When negotiating, make sure you negotiate financing |
| loan, you own the vehicle you just financed. | | | | terms, final price andthe trade-in value separately. |
| -- Try going to a dealership to buy a car during bad | | | | Otherwise, it is likely that the dealer will lookto combine |
| weather. Because of thepoor weather, business will be | | | | these transactions together. |
| slow, making it more likely that you will get agood deal | | | | -- If you are at all uncomfortable with any aspect of |
| on your purchase. | | | | your transaction, whetherit be the way you are being |
| -- If you are going to utilize financing for your vehicle | | | | treated, the terms you are being offered, the saleprice, |
| purchase, make sureyou get a copy of your credit | | | | etc. be prepared to walk out of the dealership and |
| report before you apply. This will help ensurethat the | | | | bring your businesselsewhere. |
| reported information is accurate and up-to-date, getting | | | | -- Obtain a pre-approval for an auto loan prior to your |
| the mostoptimal interest rates and loan terms possible. | | | | car shopping. This willallow you to try and receive |
| If there is erroneous informationlisted, you will need to | | | | better interest rates for dealer direct financing. |
| remove and/or dispute them. | | | | -- Instead of trading-in your vehicle, try and sell it |
| -- Avoid becoming upside-down on your car loan by | | | | privately. Selling itprivately will get you more money |
| leaving a deposit of no lessthan 20% and by utilizing | | | | than if you trade it in. |
| financing for no more than four years. | | | | -- Save money on car loan interest by making two |
| Beingup-side-down means you will owe more for your | | | | loan payment every month. |
| car than it is worth. | | | | -- Purchasing a used car that is 1 or 2 years old will |
| -- If you are going to trading-in an old vehicle, make | | | | save you money whilegetting you a vehicle with many |
| sure you know the valueof the car before entering the | | | | of the same features of a new car that is thesame |
| dealership. Otherwise, you won't know if you arebeing | | | | model. |
| offered much less than the car is worth. | | | | -- Try and buy a car that is coming off a lease. These |
| -- Shop around for the best deal possible. Once you | | | | types of cars are sold ascertified pre-owned vehicles |
| get a quote from one dealer,go a few others. Be | | | | and come with great warranty coverage. |