4 Things You Should Know Before Heading to the Car Dealership


4 Things You Should Know Before Heading to the Car Dealership

Buying a car is one of the most important financial decisions that you have to make. Not only is a car an essential tool that you will use to get from point A to point B ‐‐ it is also an expensive investment that must be made with care. In this article, we will cover a few of the most important facts that you should know about any potential purchases before making a final decision.

  • 1. What are the Invoice Prices on Your Favorite Models? Most car dealerships that you go to will offer you the MSRP ‐‐ the Manufacturer's Suggested Retail Price. If you play your cards right, however, you should be able to haggle with your salesperson and get a lower price. And one of the best tools at your disposal when it comes to making this type of deal is information. With a bit of internet research, you should be able to find the invoice price of your favorite models. (This is the price that car dealerships pay.) Quoting the invoice price to your salesperson will show them that you are informed and that you mean business.
  • 2. Are there any Available Manufacturer Rebates? Manufacturers offer discounts for many reasons, and they also offer free coupons. But not all these discounts are well advertised ‐‐ and the salesperson you are working with definitely isn't going to tell you about them! This is why checking the manufacturer website for rebates is always a smart idea.
  • 3. Which Local Dealers Boast High Customer Satisfaction? The internet can usually answer this question for you with relative ease ‐‐ but if you know anyone who has bought a car recently, then asking their opinion won't hurt, either.
  • 4. How Will You Finance Your Purchase? Most car dealerships make tons of profit through their finance department ‐‐ and choosing a third party lender is almost always the superior option. Of course, before you even think about financing, it is important to check your current credit score, and to make any improvements that are feasible.

For more information on improving your credit score, visit Madison Monroe and Associates online today!

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