Gardening, Photography & Home-Cooking are just a few of what I love doing!

Gardening, Photography & Home-Cooking are just a few of what I love doing!

Wednesday, June 19, 2013

Before Buying a Car, Understand the Current Market

When it comes time to buy a new vehicle, one of the most important things you can do is understand the current market for the car, truck, SUV, or van you are interested in buying. From getting pre-approved for a loan to doing your research by visiting sites such as, there are several ways you can learn the market before buying your new vehicle.
Importance of Learning the Market

You might wonder why it is important to learn about the current market before buying your car. After all, you have very little say in the price of the car, right? Not necessarily. Although most dealerships offer pretty much the same features, prices, and bonus items, there is still quite a bit of wiggle room when talking to a sales person. Information is power. When you know what you are talking about, you have the ability to negotiate for better deals.Do the homework before you start looking for a car, truck, SUV, or van. Find out information such as the following:

What different features are commonly found on a particular make and model

What price the features are generally sold for by other businesses

What warranties are currently being offered

What government incentives or programs might be available

What interest rates the banks or credit unions are offering
Places to Check

When learning the market, there are many places you can check and things you can do that will help you gain the information you are seeking. For example, try doing some of the following items:

Get pre-approved for an auto loan. Take that information with you to the dealership, and see if they can match or beat the rate.

Test drive vehicles at several different dealerships and visit with the sales reps without the intention to buy at that particular time.

Visit sites such as to learn about their inventory, specials, and incentives.

Contact local vendors or businesses to see how much they would charge for their services to upgrade your car. For example, maybe you could purchase a better stereo system elsewhere for less money. Use that information to negotiate a better deal for a basic stereo system installed by the dealership.

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