A program offered directly to the buyer by manufacturers to increase the sales of slow-selling models or to reduce excess inventories.
For most people, buying a car is major purchase that takes planning and a considerable portion of income. If you are thinking of buying a car soon, there are a few things you should know about getting the best price.
Manufacturer’s rebates
Manufacturer’s rebates are a great way to save money. When a dealership has too many cars in stock or if a model is not selling as quickly as they would like, manufacturers offer rebates as incentives for people to buy a particular car. Check out dealerships and websites, as well as newspaper advertisements for manufacturer’s rebates. Taking advantage of manufacturer’s rebates can help you get the best deal possible on a new car.
Negotiating
It is not uncommon for the negotiating process to take a few visits to a dealership. Be prepared by knowing what features you want as well as your price range. Also shop around and look at advertisements and price quotes from different dealerships. These are all things you can use as leverage for getting a good deal when you are negotiating the cost of a new car.
Shop smart
Some experts recommend that you buy a car toward the end of a day at the end of a month. Dealerships and salespeople have sales goals to meet, so you might be able to negotiate a better deal at these times. Also keep your eyes peeled for holiday and end-of-the-year specials. Usually sales events of this kind offer good incentives to buyers, so you might be able to work out a lower price than at another time of the year.
July 14, 2006
