A car is an expensive item for most people. The sale price could vary from tens to thousands of dollars from buyer to buyer even on the same car. How to spend less and save money on car purchase? It all depends on how much information one has on the car and how good one use the information to bargain with car dealers. Now it is much easier for buyers to get car information online using free tools to negotiate with car dealers because of the progress of internet technology. That make it possible to buy a car with a much lower price and save money. Following are some directions on how to use free online tools to collect car information for saving money with a car purchase.
1. Find the car model you like. Use free online tools like Edmunds to find the specs for a car such as horsepower, sizes, fuel, mileage, transmission etc. Make sure all specs meet your needs. Read reviews on this car also to get an overview of the car performance. These information are very important and helpful to buy a car. One can use these information to compare and to decide which car to buy in term of car performance.
2. Find out and jot down the car MSRP and invoice which will be used to compare and bargain. Also find prices with options even if you are not going to buy an upgraded car. This is important because a car dealer might not have a car you want exactly. Make sure all these prices are acceptable and in line with your budget even they are not sale prices. Now you should have an idea which car to buy and what their performance and invoice prices are.
3. Get free quotes online. Use free online tools like Yahoo Auto to get multiple car quotes for comparison. What you need to do is to type in an effective address. Quotes from car dealers near that address will be sent to you through email shortly. Compare these quotes with your previously recorded MSRP and invoice prices. These quotes should be above invoice price but below MSRP and should be close to sales price. You can change the address to get different quotes for a different area because car prices in different areas are different from each other. Compare quotes and locations to choose a car dealer. Sometimes one can drive a little longer to a car dealer to save more money.
4. Find car financing online if you want to do car financing. You can get free car financing quotes online and use it as a reference to low your financing rate even if you are going to use the car dealer's financing.
5. Go to the car dealer to negotiate further if you are not satisfied with your online quotes. Now it is much easier for you to bargain because you already have a lot of information on the car. You don't have to play games with the dealer as they expect. You can directly ask for a price which you think is good for you instead of thinking their offers as usual. Please notice that the price you ask should be above the invoice price because the dealer has to pay some transport and processing fees. It can't be too much below online quotes either because the dealer could refuse it if the profit is too small. But sometimes you can still get a lower price if you save the dealer's time by doing the business quickly and friendly.
6. Now you can close the deal. Don't buy extended warranty at this time because you will probably spend more if you buy it in a hurry. There are still a lot of chance to buy extended warranty online yourself later.
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