Take your time
Get prequalified for a loan
Learn the market
Take Your Time
Taking your time is really important when searching for the best deal. If your car has been totaled in an accident or suddenly will not start, you might feel under pressure to make a fast decision. Don’t do it. If you need to, rent a vehicle for a week. The money you spend on the rental could easily be saved by getting a good purchase price. Take the time to think about what you really want in a car. Perhaps your needs have changed since you last bought a vehicle. Also, take the time to get prequalified for a loan.
Get Prequalified for a Loan
Prequalification gives you the option of finding the best loan at the best rate possible. When you get prequalified for a loan it doesn’t mean that you actually need to use the bank or online company for your loan. But, it does give you the ability to negotiate with the dealership. When you present them with your loan option, they might be able to beat the terms of the price. However, don’t show them your prequalified option until after you have settled on a purchase price. Another method to get a good price is to learn the market.
Learn the Market
Learning the market is very valuable. Once you have determined the basic type of vehicle you want, find out how much the going price is for that vehicle. Learning this information will let you know if your dealer is being upfront with you or not. It will also give you negotiation power, because you will know what you are talking about. There are several ways you can learn the market, including the following: Go window shopping and look at different vehicles without the intention to buy.
Look at the current ads on television, in the newspaper, or on the internet.
Visit different websites of dealers and check out their inventories.
Get an online price quote for a Mazda in Kansas City from one or two dealerships.
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