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If you're thinking about a purchase or just looking for a little advice, this guide can help. The following information will help you begin to research, compare, build, and price new cars quickly and conveniently. In the end, you'll get better prices on any of the models you are interested in. That means, for example, obtaining multiple quotes, from multiple dealers, before you ever step foot in a dealership. (Of course, you can do it all via the Web.) Having at least three different quotes during negotiations gives you a distinct advantage. Think of these quotes as a reference point - the difference between a good offer and a bad one.
In less than a decade, buying new cars has become a much easier process via the Internet. There are two types of sites. The first will sell you new cars directly. The second doesn't sell directly, but will provide referrals to hundreds of the most credible dealers. Both sites, however, are going to save you money. They'll display invoice, MSRP, options, incentives and rebates clearly. The most credible online resources will have no hidden fees and virtually eliminate the inevitable haggle with salesmen.
But there's more. The following is a step-by-step breakdown of the entire buying process from beginning to end.
New Car Buying Guide Step One - Research prices online Search for new cars to determine what average prices are, so you know the difference between good and bad offers. Be sure to do thorough research, so that you're paying a price near the invoice and never over the average MSRP. Many sites offer invoice pricing as well.
New Car Buying Guide Step Two - Request price quotes After figuring out fair prices, request free quotes for your favorite new cars from as many credible dealers as possible - you can do this online. Afterwards, the most qualified companies will have their dealer internet sales managers contact you, requesting more details on the new cars you may be interested in purchasing. Request prices with all applicable taxes and charges included (not simply the MSRP).
New Car Buying Guide Step Three - Get your credit report Your credit score is what is used to determine the APR you'll pay on your loan. You should get a copy to ensure there are no errors, and that you are receiving the rate you deserve.