With automakers and sales advisors offering new cars with attractive discounts, rebates and lowered prices, it does make you wonder. Isn’t it the perfect time to get yourself a brand new set of wheels? Of course, most of the time this thought comes to mind is when your own car has lived its life span and it’s showing signs of “lemon” (lemon refers to cars in bad and close to dangerous conditions) statuses or you have decided to upgrade yourself with a more premium offering in the market.
First and foremost, buying a new car is like jumping off a building blindfolded. You’ll never know where you’d land. Why do I say this? It’s because buying a new car brings in a new burden of financial expenditures. With some burdens leading buyers into a financial turmoil. Of course, if your pockets are as deep as the Pacific Ocean, then you can opt to get a car that has a six figure price. Before signing that sheet of paper, there are a few criterias where you might want to ask yourself.
Check various publications and websites that discuss the features and prices of new cars. Surfing through these sites can provide extensive information on the dealer’s costs for specific models and options.
Also, shop around to get the best possible price by comparing models and prices in ads and at dealer showrooms. You also may want to contact reputable car-buying services and broker-buying services to make detailed comparisons.
Plan to negotiate on price. Dealers may be willing to bargain on their profit margin, often between 10 and 20 percent. Usually, this is the difference between the manufacturer’s suggested retail price (MSRP) and the invoice price.
Because the price is a factor in the dealer’s calculations regardless of whether you pay cash or finance your car. Not to mention that it also affects your monthly payments. So, its best to negotiate the price in any way in order for you to save money.
Lastly, there is no harm in knowing how Telematics can help in reducing your monthly expenditures by using the power of data, vehicle performance optimization, monitor drivers’ driving habits, and most importantly is to reduce operating costs.
Thus, we recommend OmniFleet, your portable mechanic. Why OmniFleet you might ask? Because it monitors your car’s health as you drive, notifying you of any potential diagnostic issues before they happen. This is so you can save money on repair costs.
To explore more about our plans and prices, you’re welcome to *click here*.