3 Ways To Make The Most Of Your New-Car Budget

11 May 2020
 Categories: Automotive, Blog


Ready to treat yourself to a brand new ride? If so, then you probably can't wait to get to your local car dealership and begin test driving your favorite makes and models. At the same time, you want to make sure you get the best deal possible on your next car purchase. With that in mind, there are some budget-friendly tips and tricks you'll want to follow as you shop for and buy your new car.

Buy at the End of the Model Year

One of the best ways to save on a brand new vehicle is to wait and buy at the end of the model year. When a new model year of a particular car comes out, the remaining inventory of its previous model tends to be heavily discounted because dealerships want to move these off the lots quickly. 

The tricky thing about this is that different automakers release their new model years at different times, so nailing down the timing to score the best deal can be challenging. By doing a little research on the makes and models you have in mind, you can likely discover when the new model year will be debuting and plan your purchase accordingly. Many automakers release their new model years sometime in the fall, but this is not always the case.

Visit the Dealership on a Slow Day

Rather than visiting your local car dealership on a busy Saturday afternoon, consider stopping in during a non-peak time, such as on a weekday after work or even on your lunch break in the middle of the week. In doing so, you'll be able to get the personalized attention that you may not otherwise be able to enjoy on a busy day. You'll also have a little more negotiating power, as most dealership salespeople are paid based on commission. If it's a slow day and they're eager to make a deal, you might be able to score some special savings.

Get Insurance Quotes Before You Buy

Always find out what your new car will cost you to insure before you sign on the dotted line. This is especially important if you're buying a sports car or another type of car that your insurance carrier may consider a higher risk to insure. This way, you can make sure your monthly auto insurance payment and your car payment (if you're planning on financing) are within your budget.

For more information, contact a local car dealership.