We’re rounding the corner toward end of the year and cars are ready to be rolled off the lot to make room for 2018 models. Dealerships are beginning to advertise vehicles at hard-to-beat prices and, if you’re in the market for a new car, this is an ideal time to shop. While sales are exciting, it’s easy to act too fast when put under the pressure of a limited time offer. Like any big purchase, it’s very important to ensure you’re getting the most for your money.
Let’s start by determining a budget.
Make sure you are not setting your sights on inventory you can’t afford. Decide how much you’re willing to spend on a new vehicle and consider factors such as monthly payments, interest and money down. Additionally, familiarize yourself with fair and average costs when determining your limit for each category. Sharonview’s DIY money management resources and financial education are your new best friend when it comes to creating your budget and enhancing your financial knowledge.
Next, understand what you’re up against when driving onto the lot.
Dealerships understand that offering a time-sensitive deal can tempt customers into accepting those special low interest rates and rebates to fit a car within their budgets. Keep your eye out for so-called deals that offer 0% APR for a limited time, as that percentage is likely to skyrocket after that period has passed. Often times, other financing options, such as vehicle loans, are better deals. Sharonview offers a variety of loan services specifically for buying vehicles, auto financing, refinancing and vehicle warranty.
Ultimately, research is an essential step in buying a car.
Comparing makes, models and prices is a tedious process that can be time consuming, so utilize online tools. For instance, Sharonview’s car buying service helps you efficiently research fair prices for new and used cars. Knowing the average price and previously paid prices for a vehicle can offer an advantage when negotiating at a dealership. Such a tool also allows you to search among prescreened dealers to guarantee a hassle-free car buying experience.
End-of-year spending can be stressful, especially if you are on a tight budget, but Sharonview gives you the resources you need to take advantage of sales, while having your bank account’s back. Utilizing tools and building your knowledge are key to making the best of all major spending decisions, and organizations like Sharonview offer the optimal partnership to help you drive home in style.