Four Easy Steps to Save Money When you Buy a New Vehicle

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.

I like to save with what I call loss leaders. 2 of the last 3 cars I have bout brand new have been loss leaders. This is the car everyone sees advertised on the front page of the newspaper, but when you call, it is always gone. If you just make friend with a few of the sales people, you can usually show up and buy this car a day before the ad goes out in the newspaper. This can allow you to buy 30 to 40% below MSRP. I bought a brand new Chevy Silverado this way for $11,500, when the MSRP was almost $19,000.

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.

Pay cash for your car and avoid making payments every month. If you finance the car, you may be paying up to 50% more for it. This will require you to save money. Buy only the car you can afford. After buying it, start saving money on a monthly basis towards the purchase of you next car. You will be surprised at how much car you car afford the next time you buy a car by paying it forward.

Compare online prices to dealer pricing. When you find a great price, see if the dealer or private party seller will match this price. This will give you some tangible evidence that you can get the same car for less and help make the sellers a little less firm in their asking price. If you chose to buy a car online, you can also buy it from a company with a lot less overhead and as a result, get a better deal.

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In: Automotive

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