Being a savvy shopper doesn't just mean that you use coupons at the grocery store or only buy holiday decorations from the clearance rack. These are indeed great practices which can save you a lot of money but you also want to be smart when making the larger purchases as well. You shouldn't have to take on a huge burden each time you buy an automobile. Here are a few tips that can help you get a terrific price when you are looking at new cars for sale.
Focus On APR Over Sticker Price
The price that you see on the window sticker inside of a car you're interested in is just the starting point. No matter how low that number is, you're going to lose out if you don't take a little time to calculate in the final amount that the car will be. The annual percentage rate (APR) is the deciding factor which will determine if you're really riding away with a steal or if you've been taken for a ride.
The lower the APR the less you pay for the vehicle. APR is based on factors such as your credit score, whether the car is brand new or pre-certified and if the dealership is running a special campaign at the time. Your best course of action is to get your credit score up as high as you possibly can and don't be afraid to negotiate for the lowest possible interest rate.
Strike When The Iron Is Hot
If you've ever worked in any kind of sales-driven atmosphere you'll probably remember the tension that was felt at the end of the month. Sales departments depend on doing numbers and although some salespersons might be easygoing at the beginning of the month they can quickly become desperate if the last day rolls around and they haven't met their quota.
You can use this information to your advantage by knowing when to buy your car. Try to avoid making your purchase at the beginning of the month by strategically waiting until the final days or week of the month has arrived. The price that you pay will almost certainly be a better bargain than if you would have acted earlier.
Getting a fantastic price on your next car allows you to save for bigger and better things. If you use these tips you can hopefully get an amazing deal that makes the car even more precious to you.