ANSWERS: 1
  • Deciding to buy a new car is the beginning of making a decision. Research is the key to getting your the best price. Using resources like Consumer Reports and Edmunds you will learn not only the best way to purchase a car but what is the best and lowest price you can expect. Following the protocol listed below, you will not even have to deal with a salesperson, and still get the best price.

    True Market Value

    True Market Value (TMV) from Edmunds.com, helps you to filter through car dealer information and get to the true value of the car you have decided to buy. The TMV factors in current market value, your local market value, economic conditions and trends, including if gas prices are rising. Getting your TMV only requires you to log on to their site, input the model of the car you are interested in, the year, the make and the locality. In minutes, you have your new car's TMV. Before you even contact a dealership, print out a TMV that will give you what you should be paying for that particular vehicle. Edmunds suggests taking that printout to the dealer, ask for their Internet manager and then ask for a quote. If it is higher than the TMV, place a counter offer. Another suggestion from Edmunds is get quotes from dealers via email. Edmunds also works to uncover any hidden costs dealers might be padding. After you have received several dealer offers via email, let all the dealers know you are shopping with other dealers and will only buy from the dealer with the lowest price. Choosing the lowest price offer, if it still is not as low as the TMV, seek out the Internet manager and offer a counter deal. When this is done, the only thing left is to go test drive your new car!

    Determining Which Dealers to Use

    Use Google maps to find the dealerships that are close to you. Decide how far you are willing to travel, from 1 to 90 miles away. Query into Google the make of the car, your zip code and automobile dealers. Realcartips.com, suggests that you get at least 10 dealer offers. This way you are getting as much information and are not dealing with salespeople. Let them know you are only doing this via email. If the information coming back to you is not the TMV, email them back with your specific requirements and pricing and wait for their reply. The dealer that is willing to match your deal will get the sale.

    Source:

    Edmunds

    Cars Direct

    Car and Driver

    More Information:

    How to Buy a New Car for the Lowest Price

    What Dealers Won't Tell You about Car Prices

    Consumer Reports: New Cars

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