Monthly Archives: March 2018

Better Ways To Buy A New Car

Believe it or not, there is a vending machine in Japan that sells cars. It is actually a huge parking structure where you can pick up your new car after you’ve purchased it but the cars are delivered on a series of elevators just like a vending machine. Technically, you could buy a car online without test driving it but that might not be the best approach. Instead, think about these ideas for a better way to buy a car:

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Look at Both New and Used Cars

A used car will often cost less than a new car but a lot depends on where you’re buying it and how many miles are on it. A good range to shop is the 30,000 to 45,000 miles. You can still have a long way to go especially if you take drive until you hit 150,000 miles, which isn’t unheard of.

The other benefit of buying a used car is that the previous owner has already “built it out” for you. They might have added all those features you’re looking for in a new car but would be expensive if you tried adding them on one by one. If you’re buying a used car from a private seller, then you might be able to get away with offering a lower price. Dealerships might lockdown a price as non-negotiable. If that works for your budget, then go for it.

Buy Based on Purchase Price, Not on Monthly Payments

You should always focus on the purchase price not the monthly payment. That’s because you could have a loan structure to pay off in 72 months, which might have you paying several thousand dollars more for a car you thought you were getting a good deal on. Be on the look out for the full purchase price. You might discover the price jumps up in the contract once all those delivery fees and car prep charges are added on. You can work to knock those off.

Don’t Mention Your Trade-In

Your trade-in is going to be your “ace in the hole.” Don’t mention until you’ve locked down a price. Otherwise, the dealer might use that trade-in against you. What if you find a car for $24,000 and get it down to $22,000? Everyone is happy. Then you spring in the trade-in for another two-grand off. The other way, the dealer will factor in the trade-in and hold at $22,000. If you don’t like the trade-in offer, then sell the car on your own and then dump that cash into your loan to pay it down sooner.

The last thing you have to do for your new car might just be the most important: Get your garage ready. A session with Junk King Richmond can take care of that. The Junk King crew assigned to your garage cleanup can lift and load anything object regardless of size or weight. Make sure your new car is safe in your junk free garage. Junk King Richmond can help with that.