What you know before you walk into a dealer show-room could save you thousands of dollars. Here’s how to be an informed shopper:
Know the dealer invoice on the new car. Make your offer as close to the dealer’s invoice as possible.
If the dealer is offering a rebate, take it.
Shop around for the best interest rate. Dealer financing seldom compares with a good bank or credit union rate.
Put as much as possible into your down payment to help pare down the amount you have to finance.
Take the shortest possible loan term. The longer you have to make payments, the more the loan will cost you.
If you have the time, sell your current vehicle, research its value beforehand. (Pricing guides are available in bookstores, public libraries, and even at most banks.)
When it comes to buying a new car, what you know going in will definitely help you get the best deal coming out!
This information highlights examples of safety precautions
you can consider to protect yourself, your family, and your property. This list
is not meant to be all-inclusive. Moreover, a particular precaution may not be
effective or appropriate in all circumstances. We encourage you to use your own
good judgement about what's appropriate.
