3 Car Buying Tips to Consider

Most if not all Americans know that the second most costliest purchase is that of a car. So, if you want to buy one, then it’s time to plan and save accordingly.

Yet most of all, if you don’t want to regret the choices that you might make, here are 3 car buying tips to consider:

#1: Used vs. new cars

Since used cars have been in demand in recent times, this has increased the prices you get on these vehicle. Alternatively, there are a number of new cars that are relatively inexpensive as well. Yet without a doubt, buying either type of car has their pros and cons. It really depends on what you need.

#2: Find the best interest rate

It’s been found that only 10 percent of customers qualify for low-interest-rate or even zero-percent deals. So, there’s no point to choosing a model because of the low interest rate the dealership is offering because you might not qualify. Make sure that you do not visit a dealership for a particular model not unless you have found the lowest interest rate.

#3: Research all discounts

Not only do car dealers offer cash-back discounts but also rebates for students, people in the military as well as members of certain credit unions. You can combine these discounts and rebates together on the model you are interested in. In some cases, manufacturers offer incentives to dealers to sell certain models. You can find which ones at Edmunds.com or Kelley Blue Book and negotiate with the dealer to share that cash incentive with you.