The best place to start when considering buying a new car is with research. The best place online to research new vehicles is Cars.com. Here you can search by make, model or even body style to find the perfect car for you. The results of your search will also give you an idea of how much you can expect to spend on your next vehicle purchase. There are also a couple of useful tools and tricks that could save you big money on your next car purchase.
Cars.com also offers a car valuation tool which allows you to input information and specifications of your current vehicle so that you know how much it’s worth. You can see what you might expect to be offered in trade at a dealership, and a fair price if you were to sell your current vehicle in a private sale. Armed with this information, you’ll get the most for the car you currently drive which could allow you to put more money down on your new car. A bigger down payment will save you big money on your next car purchase.
Another way to save money on your next car is to shop for financing before you ever sit down to negotiate a purchase. Just because you have financing in hand when you show up to the dealership doesn’t mean you’re obligated to use it either. If the dealership or car manufacturer are offering incentives that will mean lower payments or interest over the life of the loan, go for it. But, having financing before you get to the final purchase means that you have options and won’t be forced into financing terms that aren’t ideal.
Everyone knows that brand new cars are a pretty terrible investment. New cars depreciate as much as 10 percent of the purchase price the second you drive it off of the car lot. Consider a late model used car of the same make and model for significant savings and a smarter investment. Used car prices already take this depreciation factor into account and final sale prices typically include more room for negotiations.