January is long gone and the winter freeze is still in effect. One more month until spring official begins, but there is still plenty of time to take advantage of the winter slump in sales for dealerships around the country. Equip yourself with these 5 February Tips to new vehicle savings and save thousands under invoice prices.
5) Surf the Net
First things first, make sure you know what type of vehicle you want (sedan, SUV, compact, etc), how long you plan on driving the vehicle (buy vs. lease decision) and how much you are want to spend. Knowing the value of the vehicle you want is very advantageous in negotiations.
4) Dealer Financing
Dealerships are offering rates as low as 0.0% for financing along with rebates off the sticker price. If you trust the dealership, financing with them for the rate may save you hundreds during the loan period.
3) End of the Month
The end of the month can be a great time for negotiation. Dealerships have monthly sales goals, so you may get a better deal by waiting until the last week of the month to purchase.
2) Prepare for negotiations
Negotiations can be long and tedious. Be prepared to be at your dealership for the better part of the day. Make sure you have no other plans that day and be willing to walk out and go to a competitor if your demands are not met.
1) Start a Bidding War
The best way to save money at your local dealership is to have a few quotes from TrueDealerCosts.com. You will receive price quotes from your local dealers on the vehicle or vehicles you want. Then get two or more dealerships bidding on your business. If you are a viable buyer, they will do almost anything to get your business.