I had always heard you should avoid buying new because of the big depreciation hit when a NEW car becomes a USED car.
Edmunds.com
Try not to pay more than 4% over dealer invoice (not the sticker price). Dealers get 'dealer holdback' money from the manufacturer.
Dealer Holdback - Edmunds.com
Try to keep the vehicle for at least ten years.
Try to pay it off asap.
Make sure you get approved for a good % finance rate beforehand. Talk to your bank before the dealership finance people.
Shop around.
If you have a trade in, first determine its kelly blue book value.
Good luck!
Edmunds.com
Try not to pay more than 4% over dealer invoice (not the sticker price). Dealers get 'dealer holdback' money from the manufacturer.
Dealer Holdback - Edmunds.com
Try to keep the vehicle for at least ten years.
Try to pay it off asap.
Make sure you get approved for a good % finance rate beforehand. Talk to your bank before the dealership finance people.
Shop around.
If you have a trade in, first determine its kelly blue book value.
Good luck!
Jeeze. You guys are hard on us car salesmen, and for no reason. Just so you know, we get paid straight commission on every deal we make, so when we give up money to give you our "best price" or "bottom dollar" we're taking money out of our paychecks. As kiddchaos pointed out, the dealership has holdback money they get paid, so they get theirs anyway. It's the salesperson who suffers when profit is lost.
paying bottom dollar keeps money in my paycheck for the next 36+ months.
I was a few hundred over invoice when I bought my last car in 2007. It was about this time of year so the 08 model was brand new, but I bet they were glad to move my car because it was a manual transmission.