|
|
|
|
Buy A New Car
We have compiled the best resources and tools for you to use to help you buy a new car. First thing you need to do is figure out how much you can afford to spend on your new car. A good rule of thumb: your monthly auto loan payment should not be more than 20% of the money you have available each month after you pay for your usual living expenses -- rent or mortgage, utilities, food and transportation, credit card payments, etc. Our Budget Worksheet will help you determine how much you can afford to spend. New Cars are broken down into the following categories: subcompacts and compacts, family sedans and station wagons, luxury sedans, sports cars, minivans, sport-utility vehicles (SUVs), pickup trucks, and vans. So before you do anything else, just sit down and make a list of the primary activities that you will be using your new car for. Then determine, based on your needs, what category your new car falls into. This will narrow down what new cars you want to look at.
Invoice Price is the manufacturer’s initial charge to the dealer. Base Price is the cost of the car without options, but includes standard equipment and factory warranty. This price is printed on the Monroney sticker. Monroney Sticker Price (MSRP) shows the base price, the manufacturer’s installed options with the manufacturer’s suggested retail price, the manufacturer’s transportation charge, and the fuel economy (mileage). Affixed to the car window, this label is required by federal law, and may be removed only by the purchaser. Dealer Sticker Price, usually on a supplemental sticker, is the Monroney sticker price plus the suggested retail price of dealer-installed options, such as additional dealer markup (ADM) or additional dealer profit (ADP), dealer preparation, and undercoating. As a buyer, you need to know the invoice price of the new car you are going to buy, because for you to get a good deal on that new car you need to negotiate up from the invoice instead of down from the inflated price.
Buy a New Car below invoice! Thanks to the internet, shoppers can go to the website of every car manufacturer and review every model of car available. In fact, most manufacturer sites will even let you use drop down menus to “build” an electronic version of your dream car. Then, when you decide which model, colors, and accessories you want for your new car, you can get the best possible price by comparing models and prices.
CarPrices.com | Here are some more resources to buy a car: For updated news and information, stop by our Buy A Car Blog More information on how to buy a car:
auto insurance quotes |