The car market is severely inflated right now due to supply shortages caused by the pandemic. It is not a great time to buy a car if you don’t need one. It is much better to have auto services repair your existing car. However, if you are in need of a car, here are some tips you need to know.
First, you always want to pay in cash if you afford it. If not, create a budget to save up for a car. If you pay in cash, it will save you lots of money in the long-run. This is because you won’t have to pay interest on a loan. In fact, the loans are how most dealerships make their money nowadays. Instead, take a check into the dealership for a little below the asking price.
The other tip is to do your research before making a purchase. You should know more about the car than the dealership does. This is because knowledge, research, and options give you leverage that can be used to save you money. For example, you will find out that extra warranties are generally not worth the price. This will save you money. Lastly, go to the dealership on a weeknight at the end of a month. The dealership will not be busy and they will be hoping to make their quotas. This gives you leverage and will give them the time to do the inspection without much of a wait.