A car is one of the most expensive purchases you can make in your lifetime. You’ve spent the time picking the best model for you and your family, taking into account monthly payments, and combing through interest rates that work for your budget. You’re all set to make the payment until you find out that the final price is way out of reach. Consider these five tips before buying a new car.
Believe it or not, the color of the vehicle you choose can affect the price. The price of a red car is often higher than other colors since they’re more desirable for the consumer. Red is a color associated with youth and energy, and their popularity has led to steadfast dealers that aren’t willing to negotiate price. Instead, consider the four true neutrals for cars -- white, gray, silver, and black. These popular models are more likely to make room for negotiation in comparison. Though the scratches on a white car might be easier to see down the road, using a simple automotive touch up kit will buff out any problems that might arise.
2. Buy Certified Pre-Owned
Though the thought of buying or leasing a brand new car is appealing -- after all, it does come with the best new gadgets and toys -- buying a certified pre-owned car will give you the most bang for your buck. They’re also much cheaper than buying a new car outright; not only do they have a lower resale cost, the insurance rates are low, they have a lower interest rate, and there may even be warranty left on the car from the previous owner.
While you might not know the history of a cheap pre-owned car, certified pre-owned contains a detailed list of past repairs and accidents. Just be sure to look closely at those past damages, and maybe take note of the weather in your area -- hail storms and wind events have caused 40% of car losses over the last five years. Budgeting automotive touch up paint kits can repair the car and keep your color looking pristine once you get your new ride off the lot.
3. Look for Discounts
Promotions and sales seem to be happening all year, but finding a deal on a special car takes special care. Pairing these deals with offers including military discounts or student discounts can lower the final price of your new car even more. Don’t be afraid to pick up the phone or go online to see if nearby dealers offer discounts. Package warranty deals might also include maintenance offers, such as an automotive touch up or free oil changes.
4. Improve Your Credit
How badly do you need a car? If you think you can hold off for a little while, try raising your credit score before purchasing your new vehicle. This will not only lower insurance rates, it will often cut the interest rates and lower the amount of your final payment.
5. Be Ready to Negotiate
Remember: your dealer is trying to make this sale. Staying firm on your budget might not necessarily lower the cost, but you might get a better warranty or automotive touch up benefits for your car. If all else fails, you can always get a kit for vehicle touch up paint or better quality maintenance options to keep your car running smoothly. If you don't like the color of the car, you can also use that as a negotiating point. You can buy auto touch up paint kits yourself to fix any scratches or flaws after talking down the price. No matter the car, there's a kit out there that's compatible: Porsche touch up paint, Volvo touch up paint, Mazda touch up paint. You name it, it's out there.
In the end, you’ll know what kind of car is right for you. But before you make any life-changing decisions, be sure to consider these options before buying a new car.