Car Prices Blogs

You may already have heard about tips and techniques on how to negotiate the price of a new car and how to drive away from the car dealership while wearing a huge smile on your face. Tips and tricks aside, here are the basic ways on how to negotiate and get the lowest car prices in the market:

1. Maintain a good credit score. This may sound silly but your credit score is actually a reflection of your personality and lifestyle. If lenders and car dealers are faced with a bad credit rating then this means that you pose much of a risk when it comes to leasing and financing a car–which will lead to higher interest rates and high monthly payments. You can read all you want about the simple ways on how to get the lowest interest rates in the market but your credit score is still the single most important factor on how to negotiate the price of the car and save money. Tip: car dealers will most likely offer you amazing leasing and financing deals if you have commendable credit.

2. If you can, make sure that you make a handsome down payment at the beginning of the loan or lease. The down payment or advanced deposit will be deducted from the financed amount; which means that you stand a chance of getting lower monthly payments. when negotiating the price of the car, tell the dealer that you would like to make a higher down payment and see how this changes everything.

3. Get the lowest car prices by asking for multiple price quotes. Never head to the dealership unarmed. If you get to know the invoice price in advance, the dealer does not stand a chance of duping you in the first place.