Buy a car? 5 Ways to Save Money For It
No matter what kind of car you need, buy a car is the second biggest purchase most people make. If you’re planning to spend thousands of dollars on your next car purchase, and that’s going to last for a few years. There is no reason to pay the exorbitant amount for a car that will depreciate around 20% of its original value in 12 months. But with the right approach, proper search, and knowledge, you can buy car for less than you think. Here are five ways to save your hard-earned money on your next car purchase.
Buy A Car
So you have decided that you need a new car. Now, it’s time to decide that either you need to buy a new or used vehicle. However, buying a new car can be strongly alluring, but buying a used car can be the best financial move. Most of the new cars will depreciate around 40 to 50% within 3 years.
So buying a car that is 2 or 3 years old can save your hard-earned dollars. How much you can save money is mainly depend on the mileage, car’s age, and car model. The popularity of a specific car brand or model also determines how much you can save. But keep in mind that finds the reliable car brand and well-maintained model that suit your needs. The trick is to buy the one that is not a popular car model at the moment.
Negotiate via text
Negotiation via text with the salesperson is a great way for various reasons. When you have everything in writing, it comes in handy when you at the car dealership and the salesman forget the discount he was planning to offer you. Moreover, you can reply more appropriately as you can think before replying. Salesmen at car dealerships know how to make customers feel uncomfortable. You can avoid that thing when you negotiate via email. In this modern world where you can do everything online, including buying your next car. Almost all car dealerships have an online catalog where you can see available car models and make a purchase.
Research, Research, and Research
Research is what helps you save more bucks. The more you know the details, the more you can save. It is essential to know what type of vehicle you want and what’s available on the market. If you want to get the best deal for your money, you should know more about price points, brands, and car models.
Shop online or at least start there
This is different from the above point. First, you need to know what kind of car model you want and how your local inventory stacks up. There are some research sites like Edmunds, auto traders, blue books, and CARS N U that can tell you everything you need to know. As a buyer, you can leverage more if you have more local inventory. Sometimes, you may find the same car listed on multiple sites by third parties or dealers. So, check the VIN (vehicle identification numbers) and photos of this model and use the lowest offer.
Shop your trade-in
If you want to trade-in car for your newest car, remember one rule of thumb, shop around. Don’t stick to one dealership store or trade-in your car at the same place where you want to buy your new car. It is true that they may not give you the best deal for your trade-in car. If you are not in a hurry, take your old to other dealerships too and get estimates on your soon-to-be ex-car.
Keep in mind that when you are going to buy a new car, don’t mention your trade-in car until after you have agreed on the final price of the new car. Ask them what they will offer for your old car.
When you are going to buy a car, make sure to do in-depth research and learn how you can save thousands of dollars on your next car purchase. The above five tips will help you save from getting ripped off. When you have enough research and knowledge, you can negotiate well and demand a price that is pocket-friendly. Thanks for reading and if you need assistance in buying a car or selling a car, do not hesitate to contact us
Cars N U Video: Assist you to buy your preloved car in Singapore
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The good folks at Cars N U are the buddies you never knew you had. Leon and his team make their priority to have your best interests in mind, taking care of both buyer and seller at every turn. Their keen and genuine approach made my whole sale process a smooth and reassuring one. I was a potential buyer turned seller after being impressed by the sincere spirit of Leon's service, despite not buying a car listing from them. Many dealers may simply move on to the next lead but Leon took it upon himself to offer his industry expertise and worked out a prospective offer to sell my car in a tight time frame set by me. Despite the challenging timeline and the COVID pandemic market conditions, CNU were laser focused on the task, and any queries I had along the way were promptly addressed. I truly feel blessed by this chance encounter turned opportunity, and would not hesitate to engage Cars N U again. It is amazing to see them work and Leon is setting a service culture for the rest of the industry to emulate.
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Engaged Leon and Jon from cars n u. initially was skeptical as I am totally ignorant about the car selling process. Leon patiently explained to me and gave me the assurance. Eventually decided to go for it. a test drive and didn't have a price yet, but my salesman, kept me fully apprised of the situation. Offered a refundable deposit until I could test drive it and make a decision. Great car, great sales team.
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