Buying a new car can be frustrating and nerve-racking. Comparing auto prices is no walk in the park either; there are so many do's and don'ts and questions: where should I go to get the best price? Family size and lifestyle are a major deciding factor, as well as whether you want to purchase an automobile locally or go somewhere that has competitive prices. Some people are in the market for a new car, while others are on a budget and can only consider the purchase of a used car. Also a big factor in purchasing a new automobile is the interest rates. You need to know all your options before you begin the process of purchasing a new car.
Decide on what type of automobile fits you. Do you need an SUV? Or maybe you want to go green. Make your decision based on your family size and what type of area you live in. For example, if you live in an area prone to bad winters, a four-wheel drive vehicle is probably the better choice for you.
Search websites of dealers in your area for the prices you are looking for and can comfortably afford. Think about whether or not you want to trade in your old automobile or if you want to purchase a brand new automobile. You can also purchase vehicles online through websites such as Cars Direct, if you are not able to find a vehicle through a local online dealer.
Check out all of your local dealers for one that is willing to compete for your business and quote you a fair price. Ask the local dealership what kind of extra options they will throw in on the details. This can be done over the phone at first, in order to see who will give you the best deal. Choose three or four dealers that offer the best price and options and then visit them in person. Use the information from the other dealers as ammunition to get a better deal. Also, always ask if they have extended warranties.
Talk to your local banks to find out what interest rates they can offer for auto loans. Ask the bank loan officer to quote you how much your payment will be monthly and how many years you will be paying on the loan. While many car dealers offer their own in-house financing, you may be able to get a better deal through your local bank.
Look through the Auto Trader magazine and newspaper classified ads and compare the prices on both new and used automobiles that meet your automobile needs. Online auction websites are also great places to find used and sometimes new vehicles. Try searching Craig's List and other online classifieds to see what is available.
