Believe it or not, theres an art to bumping.
Peoplehate buying cars, butthey prefer to hagglebecause they think theyll get the best deal.
I understand the rationale.
To give yourself the best shot at a decent price, use one of these five strategies.
Heres how to buy a car the smart way without getting bumped.
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However, the sale is first come, first served.
Plan on showing up early Friday morning, and youll be in and out of the dealership quickly.
Downside
The car probably wont be your favorite color or have every option you want.
Plus, you have to be there early Friday morning.
This strategys not ideal if youre picky or cant skip work.
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2.
Participating dealers agree to take a low-pressure approach, and usually only one dealership will contact you.
Expect available manufacturer rebates and incentives with the price discount.
ThroughCostcos Auto Program, my customers got anywhere from $2,000 to $3,000 off MSRP.
Members also get 15% off accessories at participating service centers.
USAAs Car Buying Servicecomes in at a close second, helpingarmed forces memberssave an average of $3,400.
Not a member of Costco or USAA?TrueCarandEdmunds Price Promiseoffer everyone free buying programs on new vehicles.
Sams Club and AAA partner with TrueCar for their members.
Discounts are for in-stock units only, and special orders are exempt.
If your car will be a special order, use this method to get your best deal.
I am contacting all the dealerships in the area for availability and pricing.
just line item the dealer discounts, manufacturer rebates [if new], taxes and fees separately.
Thank you in advance.
You want at least two responses, but having more is better.
Email the dealers on a Wednesday or Thursday.
Forreallyaged inventory, the dealer will aggressively mark down the price to stop the bleeding.
Take advantage of their motivation to sell.
If the car has a price marked down lower than anything similar anywhere else, its probably aged inventory.
If the answer is less than 45 days, expect to haggle.
you’ve got the option to venture to haggle, but expect a no.
Looking for aged inventory is more effective with used cars, but it could work for a new car.
Since theyve never been registered with the DMV, theyre technically new cars eligible for any factory rebates.
Ownership of a dealership has its privileges, including driving the sweetest cars in inventory.
The dealer will usually handle cosmetic fixes and any pre-sale maintenance at no charge.
Some states dont require dealerships to report executive car accidents so always ask.
For example, compare pricing between loss leaders, your discount buying program and the Shotgun Method.
Van Randon is a contributor to The Penny Hoarder.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
