You are ready to retire your old car for something more modern. Did you know that you should do more than simply get up and go to the dealership in search of your next vehicle? Consider these tips before stopping car dealerships in Wheeling.
1 Research the invoice price for new vehicles
The Manufacturer’s Suggested Retail Price (MSRP) is the price that dealerships ask customers to pay. This figure is usually priced thousands above the invoice price, which is the amount that the dealership pays the manufacturer for the car. You do well to know the invoice price of your new car or truck. Having knowledge of such cost gives you negotiating power that could lead to you paying considerably less for your new car or truck.
Those in the market for a used car should consider researching the Kelly Blue Book (KBB) price. This amount tells you a vehicle’s aftermarket value. Knowing the KBB price gives you the power to analyze whether a dealership is asking too much for a used car. You want to question why a vehicle is overpriced if the sticker price is considerably more than the KBB value.
2 Check your credit
The majority of consumers need to take out a loan to purchase a new or used vehicle. You need to know where you stand in terms of credit so that you can search for cars and trucks within your price range. It may be a good idea to pull your credit report, clear up disparities, and then search for the new or used vehicle that works for your budget. There is little worse than visiting car dealerships in Wheeling in hopes of buying a car only to learn that the auto loan is too expensive for your budget. Checking your credit beforehand gives you a clear picture as to what you can and cannot do every month.
3 Be strategic about your purchase
Car sales are rather slow during the last week of December. You may be able to score a big discount if you are willing to purchase an outgoing model year during this time. Also, visiting care dealerships in Wheeling during the weekdays may lend more frugal results than shopping for a new or used auto on the weekends when other consumers are also looking to buy new or used vehicles.
Make the most out of your car buying experience. Visit Arlington Heights Ford with preparation on your side.
