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Four Simple Steps to Save Money When you Buy a New Vehicle
By Spenser Arnold Published: 09/03/2009
If you are like most consumers in hard economic times, you may be looking for ways to save money on the purchase of your next RV or Vehicle. We hope the 4 tips in this article help you save a bundle on your next vehicle purchase.
Advertised specials or door busters are a great ways to save. Two out of my last 3 car purchases are models that have been offered at 40% below MSRP. The dealerships will occasionally sell vehicles very cheap in order to attract a large pool of buyers to their store in a short amount of time. Making friends with the salesman will help you hear about these cars before the ads even come out.
Negotiate price fiercely as well and the amount of your trade in. Never negotiate on the basis of a monthly payment. (You should be paying cash anyway.) Often dealers use a low monthly to hide the fact that the vehicle is overpriced or that they are giving you nothing for your trade in so be careful.
Want to save 30 to 50% on the total price you pay for the car or RV, then the easiest way to do this is to pay cash. The benefit to paying cash is that it forces you to buy on the car you can afford. Also after buying it, you can start saving your monthly payment and thus have your interest working for your money instead of against it for the next 5 years. It is amazing that you can eventually use this technique to get a Cadillac for the price of a KIA.
Shop and compare pricing before you buy. It is relatively easy to find a great deal online. See if you can use this on a local level to leverage a lower sales price on the purchase or your next car, truck, or RV. If you choose, you can even save money buying online because these dealerships have a smaller overhead and can offer you very competitively priced models.