| If you're thinking about a purchase or just looking | | | | should get a copy to ensure there are no errors, |
| for a little advice, this guide can help. The following | | | | and that you are receiving the rate you deserve. |
| information will help you begin to research, | | | | New Car Buying Guide Step Four - Get rate |
| compare, build, and price new cars quickly and | | | | quotes With your FICO score in hand, you should |
| conveniently. In the end, you'll get better prices on | | | | apply to online lenders for the best auto loan |
| any of the models you are interested in. That | | | | rates. Your bank, other banks, other lenders, the |
| means, for example, obtaining multiple quotes, | | | | dealership, and even your family. Shopping around |
| from multiple dealers, before you ever step foot | | | | for financing can save you thousands over the life |
| in a dealership. (Of course, you can do it all via the | | | | of your loan. |
| Web.) Having at least three different quotes | | | | New Car Buying Guide Step Five - Research |
| during negotiations gives you a distinct advantage. | | | | insurance companies You should research |
| Think of these quotes as a reference point - the | | | | insurance companies thoroughly as well. Some |
| difference between a good offer and a bad one. | | | | specialize in offering plans to people with |
| In less than a decade, buying new cars has | | | | not-so-good driving records and others |
| become a much easier process via the Internet. | | | | (sometimes the same company) offer less |
| There are two types of sites. The first will sell | | | | expensive plans for drivers with better-than-good |
| you new cars directly. The second doesn't sell | | | | driving records. |
| directly, but will provide referrals to hundreds of | | | | New Car Buying Guide Step Six - Get insurance |
| the most credible dealers. Both sites, however, | | | | rate quotes Insurance can be expensive, |
| are going to save you money. They'll display | | | | especially if you've been unlucky in the past with |
| invoice, MSRP, options, incentives and rebates | | | | accidents or citations, but it is necessary |
| clearly. The most credible online resources will | | | | precaution. Request quotes from the preferred |
| have no hidden fees and virtually eliminate the | | | | companies you found, and much like the search |
| inevitable haggle with salesmen. | | | | for the lowest car price and loan rate quotes, pick |
| But there's more. The following is a step-by-step | | | | the plan that offers the best protection for the |
| breakdown of the entire buying process from | | | | most reasonable price. |
| beginning to end. | | | | New Car Buying Guide Step Seven - Figure out |
| New Car Buying Guide Step One - Research | | | | your trade-in value Use Kelly Blue Book to |
| prices online Search for new cars to determine | | | | estimate the trade-in or private resale value of |
| what average prices are, so you know the | | | | your car. This will assist you when you are |
| difference between good and bad offers. Be sure | | | | negotiating the new car price, as the trade in |
| to do thorough research, so that you're paying a | | | | value of your current car will affect the new car |
| price near the invoice and never over the | | | | price. |
| average MSRP. Many sites offer invoice pricing as | | | | New Car Buying Guide Step Eight - Negotiating |
| well. | | | | your new car purchase Ready to negotiate? With |
| New Car Buying Guide Step Two - Request price | | | | the lowest quote on the make and model you |
| quotes After figuring out fair prices, request free | | | | chose from your list of new cars, contact your |
| quotes for your favorite new cars from as many | | | | preferred dealers and see if they'll beat it - they |
| credible dealers as possible - you can do this | | | | tend to compete with each other because they |
| online. Afterwards, the most qualified companies | | | | want your business. Utilizing the Internet can |
| will have their dealer internet sales managers | | | | provide you with hassle-free process of creating |
| contact you, requesting more details on the new | | | | a dialogue with dealers. For example, it is a lot |
| cars you may be interested in purchasing. | | | | easier to stop emailing than it is to walk out of a |
| Request prices with all applicable taxes and | | | | dealership. |
| charges included (not simply the MSRP). | | | | This guide will help speed the entire purchasing |
| New Car Buying Guide Step Three - Get your | | | | process up. And probably, more importantly, save |
| credit report Your credit score is what is used to | | | | you money. |
| determine the APR you'll pay on your loan. You | | | | |