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How To Buy A Car – An Overview

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Thank you for visiting How To Buy A Car website. Whether you are planning to buy a new car or buy a used car, the process is very complex, and for many it’s unpleasant, and for good reason. Developed by automotive experts, this free to use website will educate you in all areas of new car buying and used car buying, thus enabling you to get the best car deals. Please select the appropriate option below depending on the type of car you intend to buy:

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How To Buy A New Car

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How to buy a new car article, in how to buy a car website, will take you through the steps involved during buying a new car. Even if you are first time car buyer, the information provided in this article will enable you to get the best new car deals. Additionally, this article will show online tools that provide information on average price paid by other car buyers, offer guidance on financing a new car, offer guidance on new car leases, offer negotiation tips for buying a new car and much more.

To summarize, this new car buying guide will make you more confident during your new car purchase and will give you a feeling of empowerment, thus putting you in charge of the new car deal-making process. Before starting on with this car buying guide, you should have decided the car make and model you intend to buy. The process of buying a new car can be completed in the following steps:

  • Get price quotes for new cars
  • Get quotes for car loans
  • Getting prepared for dealer visit
  • Negotiating your new car deal
  • Closing the new car deal

How To Buy A New Car – Road Map For New Car Purchase

 

Step 1: Get price quotes for new cars

 

Before we show you the method of getting new car price quotes, do remember that new car price quote is only a part of the final price paid by you. So ensure to read the entire article for the best new car deals. New car prices can be either got offline or online. Offline means visiting the car dealerships and finding out the prices offered by them for the make and model of your interest. As this is a tedious and time consuming process, we recommend you to get new car price quotes online. You can get free and no obligation new car quotes from car websites such as Edmunds.comTrueCar.com and Automotive.com . It is important to get new car quotes from more than one car website as each car website is associated with a different dealer network. To know more about these websites to buy cars, check the box below:

Overview of Car Websites That Offer New Car Price Quotes:

  • TrueCar : This website removes the hassle during new car purchase by offering upfront prices and guaranteed savings off MSRP from over 5000 TrueCar certified dealers located nationwide. TrueCar users have saved $2,665 on an average off MSRP. Furthermore the website also provides information on the average price paid by other car buyers in your area for the same make and model thus enabling you to negotiate the best car deals. This website is also a renowned source for used cars for sale listings.
  • Automotive : Ranked as one of the top five car websites in the US, Automotive.com offers general tips for used car buyers and new car buyers, new car reviews, links to car shows and other automotive news. With its huge dealer associations the website is used by many car buyers for  new car price quotes and new car loan quotes.

Once you submit your new car price quote request in these car websites, you will get new car quotes emailed to you. Sometimes, the car dealer will also call you and provide their quote. Once you get the new car quotes, you can even begin negotiating the price via phone or email without the need of leaving your home.

Step 2: Get quotes for car loans

 

This step can be avoided if you are planning to pay for your new car via cash. If you are planning to go in for a lease and need guidance on same, or if you are not sure whether to buy or lease a new car, check this “How To Lease A Car” YouTube video. As per Consumer Federation of America, new car buyers pay 3% more when they take car loans from dealerships. Although this sounds less, it can add over $1,000 during the entire loan tenure. To avoid this, it becomes necessary to get car loan quotes online. Additional advantages of getting car loan quotes online include absence of application fees, lower interest rates, quick loan approvals and much more. Getting car loan quotes online, will also empower you to negotiate your new car deal better, as dealers will see you as a cash customer. Whether you have a good or bad credit, you can get new car loan quotes from websites such as 1800FreshStartmyAutoloan.comAutomotive.com and Web2Carz.com.  Similar to new car prices, you need to get car loan quotes from multiple websites so that you can compare and choose the best offer. If you have got a car loan but would like a lower interest rates please visit RateGenius.com and myAutoloan.com for refinance. For more information on websites offering new car loans, used car loans and refinance, check the box below:

Overview of Car Websites That Offer New Car Loans, Used Car Loans and Refinance:

  • 1800FreshStart : Established in 1998, 1800FreshStart supports car buyers in finding automotive financing. With over 1 million satisfied customers, this website through its extensive partner network serves car buyers with all credit types.
  • myAutoloan.com : Operating since 2003, this website offers new car loans, used car loans and also refinances existing loans. Customers completing an online loan application at myAutoloan.com are offered 4 loan offers to choose from. Based on their choice the car buyer receives a check or an online certificate within 24 hours.
  • Web2Carz.com :  This is an online magazine offering articles on technology, people, trends, lifestyle and autos. The car loan service of  Web2Carz.com primarily targets car buyers with bad credit. If you have a weekly income of atleast $375 and have been with the current residence and current employer for one year, you can be sure of getting a car loan approved at reasonable interest rates.
  • RateGenius.com : Based in Austin, Texas, this website specializes in refinancing of an existing auto loan, and serves customers located throughout US. RateGenius.com  lowers your interest rate to as low as 2.99%. Furthermore, the customer opting for refinance also gets a 60 day break from payments after refinancing.

Step 3: Getting prepared for dealer visit

 

By this step, you should have got new car price quotes from multiple dealers and should have shortlisted theauto dealer with the best offer. The next step in new car buying is visiting the car dealerships office and finalizing your new car deal. Before visiting the new car dealer, ensure you have the following information with you:

  • New car price quotes from multiple dealers including the dealer you planned to visit
  • Car loan quotes from finance providers (applicable if you are buying new car via finance)
  • Used car market value from KBB or AutoTrader (applicable if you are going for a trade-in)

Although insurance and extended warranty are also offered by new car dealers, it is advisable to get these online as they are profit areas for dealers and are normally overpriced  compared to market rates. However, if the dealer’s offer on auto insurance and extended warranty matches with the best offer received online, you can get the same from the dealer.

Tip: If you have a bad credit score and would like to improve your credit score for lower interest rates, please visit the following credit repair firms such as CreditRepair.com, GoLookOnline.com, TheCreditPros.com and LexingtonLaw.com.

Step 4: Negotiating your new car deal

 

Now that you have all the information required, you are ready to step into the dealer’s office and begin negotiating your new car deal. You have to remember one thing. The new car price quote sent by the dealer is not the final price. It is a negotiable price. But how much can you negotiate? If you know the dealer price on new cars, you can add 3 to 5% profit to this amount and negotiate your new car price up to that extent. Unfortunately, dealer’s cost for a new car cannot be easily calculated. It is dependent on factors such as supply and demand, dealer holdback, new car MSRP and much more.  As these variables vary for each new car dealer and car manufacturer, even automotive experts find it impossible to calculate the exact price paid by the dealer for the new car. An easier method of negotiating new car price is comparing the quote offered by the dealer with the average price paid by other buyers for the same make and model. You can get this information from Edmunds.com and TrueCar.com, which offer this information for all makes and models. If the price quoted by the dealer is at or below the average price paid by other car buyers, then you are already in the right range for new car purchase. For additional negotiation tips check this YouTube video on “Car Negotiating Tips“.

Step 5: Closing the new car deal

 

After you have finalized the price with the car salesman, you will move to the office of Finance Manager to close the new car deal. The Finance Manager will try to sell extras such as rust proofing, fabric protector, paint sealant, extended warranty and much more.  We recommend you to say a big NO to all of these. These are high profit regions for the new car dealers and can be purchased at a much lower cost outside. The Finance Manager will then prepare the papers for your new car and share the same with you for your signature.  Once you have the papers, check the numbers carefully to ensure that the dealer did not sneak anything new. Do not sign unless you are sure. Just because the papers are prepared in a computer, it does not mean it’s perfect. In addition to the numbers, also check whether:

  • The Vehicle Identification Number (VIN) of the car you purchased is entered correctly
  • The amount included for options are installed in your vehicle
  • Sales tax calculation is in line with the policies of your state
  • The vehicle extension (i.e. LS, LX, EX etc.) is what you had asked
  • There are any scratches or dents on the body or wheel of new car
  • The car dealership has given the car with full tank of gasoline

If you spot a gap, get a due bill from the dealer for the item that has been missed from the dealer. Once you are sure that everything is fine, sign the new car contract and enjoy your new car.

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