Thinking of buying a new (or new to you) car in the new year? There are ways to save money on your next new car purchase that you may not have thought of!

Buying New Vs Buying Second Hand

Buying used cars is known to save money, but what if you wanted something new, like a fancy Dodge Viper, for example? There are ways to save money on your next new car purchase that may not be obvious at first. One of the ways is buying a car certified pre-owned (CPO).

This allows you to purchase a brand-new or barely used vehicle with a warranty that gives you peace of mind and potential savings depending on how much mileage has been put on the vehicle.

Here are some tips to help you find the best deal on a new car.

Consider Used Cars

The first step is to consider buying a used car and making it look like new. The advantage of this is that you can save off the original retail price of a brand new vehicle and only have the cost for materials such as paint and bodywork.

Shop around online

You should also always shop for new cars online so you can compare offers and find the best possible deal since there are a lot of dealerships that offer discounts.

Get quotes from different finance providers

You can also ask your vehicle dealer for offers from multiple finance companies to find the best deal with low-interest rates and limited payments. This way, you may save money per month on your next car purchase.

Haggle down the price of your dream car

Another way to save money on your next new car purchase is to haggle down the price of your dream car. Many dealerships offer discounts and incentives, especially on major holidays like Christmas and Black Friday.

If you are flexible with your budget and do not mind paying a little extra for the car’s tax, extended warranties, or getting extra miles in return, you can get the amount of money you want to spend down.

Check the condition of the car

A good way to save money on your next new car purchase is to be careful during negotiations.

One way is that if they are asking a certain price, then ask them another price but with different terms such as trading in a specific vehicle if they accept that price instead. If they don’t accept, then tell them no deal and walk away.

Consider buying the car from an online auction site

It is also possible to save money on your next new car purchase if you buy new models from online auction sites.

These sites typically have thousands of cars for sale, and you can find out what vehicles are available in your area and contact dealerships directly with a price offer so they will contact you back to try to sell their extra stock of the vehicle you want.