NOV 25, 2017 AT 02:42 AM
4. Consider selling your old car instead of trading it in
One of the lessons I learned from my dad was that before you buy a new car, sell your old one first. Yes, we live in a busy society where people do not have time to advertise their car on a classified advert and answer interested strangers’ questions. That makes people resort to trading in their cars whenever they want to upgrade.
However, even though this option will save you time, it will not save you money in the end. The appropriately named “private party” values, that is the price you anticipate to get when you sell the car, tends to be significantly higher than trade-in values, that is if you were to trade in the car. This money can run into thousands of dollars. So instead of taking the seemingly easy trade-in option, take a few photos of your car and sell it.
5. Bargain as much as possible!
The thought of arguing and negotiating with a dealer over a car can seem unappealing to many, but the truth is it is necessary. Make sure that you are fully aware of the facts when going to haggle - you will not offend the dealer by negotiating for a better deal, or if it does not feel satisfactory, by walking away. Remember to keep your maximum budget price in mind, and you will be on your way to getting a good deal.