New or used? Lease or buy? With so many options shopping for a new car can be intimidating, especially, if you want to get the best deal. Luckily, we’ve got the tips, tricks and know how to save you money and keep you on the right track.
Know before you go
There are tons of online tools that can help you save BEFORE you start shopping. Use an affordability calculator to determine your budget. Then, start thinking about those additional costs like repairs or car depreciation. If you know the amount now, it will be easier to fit into your budget later.
We’ve grouped these tools together here. Along with more ways to save and budget for your new vehicle.
Find the best deal
When you’re searching for a new car, you should always shop around. Checking more than one place allows you to compare prices and amenities.
Start online if you know just what you’re looking for. This allows you to be specific with your search and find exactly what you want. If you’re looking to negotiate, visit a local dealership either in person or online. You’ll need to be patient, but it could pay off big time.
You should also check out your local paper and talk to family and friends. You never know where you’ll find your dream car.
Looking for a used car?
A used car is a good way to save. But, it requires more work. When you research a car, make sure you think about whether it’s a certified pre-owned vehicle. If the vehicle isn’t certified by a dealer and covered under warranty you’ll want to schedule an inspection yourself.
You’ll also want to research the car’s model year. Just because the current model is known for its reliability doesn’t mean the older models have the same reputation.
Now that you’re an expert in car savings, you can feel confident that you’re getting the best deal. As long as you remember to stick to your budget, prepare for the unexpected and explore all your options. Don’t forget to check insurance for a new car and ensure you have the right coverages.