Negotiating New Car Price Tips - 7 Things You Need to Know

So you want to buy a new car, but you mightMost likely the dealer will offer much less than the
need a little help? These negotiating tips will startcurrent value of that trade-in car.
you on your way to the car of your dreams.5. Do some comparison shopping of dealers in
your area. Check out the local newspaper ads,
1. Choose the car you want to buy BEFORE youany internet ads and you can also go down to the
go to the car dealer. Be clear on the make,different dealers just to "window shop." This
model, options and extras that you want. Don't letshould also give you a good idea of the dealer
the dealer talk you into something else.you want to work with.
2. Know how much you want to spend on that6. Choose the dealer and go to the car lot with
new car. You must be realistic. Do your researchthe confidence that you have done your research.
and know about what the dealer paid for the carThe first thing to ask the salesperson is "What is
you want. Then decide on a fair price to pay foryour best price for this car?" Since you already
the car.know what a fair price for the car is, you know
3. Know your method of payment. If you arewhere to start the negotiations.
going to finance the new car be prepared.7. Remember if negotiations aren't going well you
Contact your bank or credit union to get a quote.can always walk away and go to another dealer.
You can always finance through the dealer, butBut, remember to leave on good terms. You may
only if it is a better deal than outside financing.want to go back to this dealer to see if they can
4. If you plan to use your current car as abeat another price you may get elsewhere.
trade-in be sure to know what the car is worth.