Engineer Your Finances

A Systematic Approach To Money

  • About Us
    • Disclosure
    • Privacy Policy
  • Contact Us
  • Toolkit
  • Security
    • Credit & Debt
    • Banking & Saving
    • Psychology
    • Other
    • Optimization
    • Education
  • Self Discipline
  • Improve Returns

Save Thousands When Buying A Car With These 5 Tips

Share

Millions of people are planning on buying a car this year, and many of them will pay more than they should. Saving money when buying a car is simple if you know the tricks that will get you the best price. Following these five tips can help you save thousands when buying your next car.

Researching the cars available in your area allows you to compare prices and features before leaving your home. Kelley Blue Book and Edmunds are great places to find the going price and available options for the cars under consideration. Do an apples-to-apples comparison when shopping around to ensure you get the best deal.

When buying a car, you should focus on the total price you’ll pay instead of the monthly car note amount. Salespeople can configure your payments in a multitude of ways to make your monthly payments lower, but you may end up paying considerably more over time. Focusing on the total cost will ensure that you get a good price for the car you are interested in.

A data analysis from Edmunds shows that the average new car will lose roughly 11 percent of its value immediately after it is sold and driven away from the lot. Instead of eating this loss in value, consider buying a car that is a few years old. Certified used cars are inspected thoroughly before sale and are almost as good as one fresh off the assembly line.

High mileage vehicles can be a great deal for someone that does not regularly drive long distances. Car manufacturers generally design their cars to last for 200,000 miles or more, so a car with 110,000 miles on it still has a lot of life left in it. If you choose to go this route, have the car inspected before purchase so you know exactly what you’re getting.

Car buyers looking for a deal on their next car should avoid shopping in the spring. Spring is when many people get their income tax refunds and choose to put a down payment on a car. The deals are better in the winter, when dealerships see less business. The prices are also better towards the end of the month when dealers are more willing to make bargains to meet monthly quotas.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FOLLOW US

Join Our Newsletter
  Thank you for Signing Up
Please correct the marked field(s) below.

1,true,6,Contact Email,21,false,1,First Name,21,false,1,Last Name,2





Our Favorite Posts

  • How Much Interest Does 1 Million Dollars Earn Per Year? by Trey LaRocca
  • 3-Month Performance Review by Fin Engr
  • Rooting Out The Devil: Kathy Kristof Interview by Fin Engr
  • Money Hackers Carnival #117: Wedding & Marriage Edition by Fin Engr
  • Interview: What’s it all about? More than Money! (Part I) by Fin Engr
  • How to Compare Rates for Mortgage Refinancing by Fin Engr
  • Want To Erase Bad Credit Instantly? 6 Hacks That Work Fast by Trey LaRocca
  • FinEngr Joins The Million Dollar Club by Fin Engr

Blogroll

  • Blonde and Balanced
  • Budget and the Bees
  • Cash Cow Couple
  • Cash the Checks
  • Clever Dude
  • Dinks Finance
  • Enemy of Debt
  • Get Rich Slowly

Categories

Our Friends



Great Investing, Simplified: Get Stock Advisor for Just $99/year!

Need to find a loan? Got a Car? Compare title loan offers near me and get the best rate.

private real estate investors

Order custom essay from professional essay writers.

Visit 123 Term Papers and you’ll receive help from the qualified writers.

Thesis writing help for all the students!


Deprecated: genesis_footer_creds_text is deprecated since version 3.1.0! Use genesis_pre_get_option_footer_text instead. This filter is no longer supported. You can now modify your footer text using the Theme Settings. in /home/engine16/public_html/wp-includes/functions.php on line 5234

Copyright © 2021 · Runway Pro on Genesis Framework