Ways to Negotiate a Car Purchase So You Can Save More

Ways to Negotiate a Car Purchase So You Can Save More

Dan Kobialka

Dan KobialkaJul 27, 20173 min read

Let's face it – negotiating a car purchase may prove to be a long, arduous process, particularly for those who want to buy a car for the first time.

 Fortunately, there are many quick, easy ways to ensure that any car buyer – regardless of negotiation skills and experience – can get the best price for his or her dream car.

 Now, let's take a look at three ways to negotiate a car purchase to ensure a car buyer can save as much money as possible.

 1. Perform Plenty of Research

Conduct extensive research into cars that fall within a set price range. Then, a car buyer can narrow his or her search accordingly.

Remember, the more research that a car buyer performs, the better off he or she will be at the negotiation table. If a car buyer knows the ins and outs of a particular model, this individual may have a better idea than the seller of a car's true value. As a result, this buyer may be able to walk away with a terrific car at a budget-friendly price – all thanks to a few hours of research.

To research a car, start with a Google search and go from there. Also, car research websites like Edmunds and Carfax can provide car shoppers with the insights they need to make informed purchase decisions.

2. Search for Discounts

Believe it or not, many discounts are available to car shoppers that may deliver substantial savings.

For example, AAA offers a car buying tool that members can use to take the guesswork out of shopping for an affordable car. This tool enables AAA members to select the model, color and options they want and compare and contrast car prices across its certified dealer network.

Or, U.S. News and World Report notes college student and graduate discounts are available. These discounts reward current and former college students and may make it easy for them to purchase great cars at reduced prices.   

3. Get Financing

A car dealer may offer financing, but a car buyer who comes to the negotiation table with financing in hand may be better equipped than others to maximize his or her savings. 

In some cases, a car sale may be dependent on a buyer's ability to secure financing. However, if a buyer has financing readily available, a seller may be more likely to offer the best price upfront to close the deal as quickly as possible.

Lastly, if a car buyer feels uncomfortable with a car's price, it is important to walk away.

The car market includes a wide range of high-quality vehicles, including luxury sedans, pick-up trucks, sports cars and many others. As such, a car buyer should have no trouble evaluating the market and finding a wonderful car that won't force him or her to break the bank.

Don't let the stress of a negotiation get in the way of a car purchase. Instead, use the aforementioned tips, and a car buyer can accelerate the process of purchasing a superb car at the best possible price.