Buying A New Car? Go Armed With A Couple of Tips.

   By drodriguez  Apr 09, 2010

If you have found yourself in the market for a new car then you may want to check out the "Secret Tips" Fortune magazine recently wrote about.  It can be stressful when you are car shopping and find yourself unsure if you’re getting the best deal.  If you go to the dealership with a few tips in mind, you can be sure you’re making a good deal.

According to Fortune, the best day to purchase a car this month is April 12th.  A new study shows that April 12th is a good day for a deal since it is the Monday before taxes are due and many potential buyers are preoccupied and feel too poor to make a deal if they owe on taxes.  On this day, buyers will find that dealers are more interested in giving you a good deal so they can move inventory faster.

A day to avoid the dealerships would probably be April 4th, Easter Sunday.  Any time there is a holiday people are more apt to celebrate by purchasing big ticket items.  So if you don’t want to be competing with other buyers for a good deal, stay away.

A new service designed to help buyers comparison shop and find out who will offer the best deals is Truecar.  According to Truecar, Ford and Hyundai are offering some pretty substantial incentives at 12 and 13 percent off the sticker price. 

If you do decide to purchase a car this month, Fortune warns buyers to take the new information with a grain of salt.  When new studies and data are released like this to a large audience, it can sometimes have the opposite effect.  If more people than expected come out looking for a new car on April 12th, the discounts will not be had. 

What do you think of some of the tips being offered for new car buyers?

Do you do anything special when purchasing a car to make sure you get the best deal?

Make a Comment

mommaduck by mommaduck | SAINT CHARLES, MO
May 20, 2010

the tips are ok, but not great. how about this if you go get a car dont say you have a trade in. once the price is set tell them you have one. or find a friend, family member etc that works for a car manufacturer and use their friends and family discount. my neighbor works for chrysler and he got us the family discount it saved us thousands.

VKathryn by VKathryn | San Diego, CA
May 07, 2010

My one piece of advice I wish more people would pay attention to has to be, don't buy new! The level of depreciation is simply staggering, and it is almost always in your best interests to buy 'new-used'.

cybrown551 by cybrown551 | HOOKSETT, NH
Apr 28, 2010

I don't do anything special to make sure that I am getting a good deal because I am not aware of these techniques. I do thank you for all of these tips that you shared. I will definitely keep these in mind the next time I am shopping for a large ticket item product. These are very good tips to know.

MadHatter by MadHatter | Whitestone , NY
Apr 19, 2010

i normally would get a car during one of those big sales that goes on during a holidy or something. not much of a difference in prices since we aren't talking about shaving off a few thousand, but it helps some. when i went shopping for my new car, i did some reasearch on consumer reports as well as read up on some reviews from car junkies. then when visiting the dealership, be armed with questions and a price range you are willing to hit. if they do not fall in the means, i won't buy it. i am there to buy a car to get me from point a to b with out causing me more headahes in the future, not for the looks.

bltsandwich17 by bltsandwich17 | hillsboro, OH
Apr 14, 2010

Always have your own mechanic look over the car before you purchase it. The worst thing is if you have a car for only 2 weeks and the transmission goes out or you run out of gas in the middle of nowhere because the gas gauge is wrong. Also, get the Carfax for a vehicle before buying.Then you will know the history of the car and how many accidents it has been in.

Lusadi by Lusadi | Wasilla, AK
Apr 13, 2010

Go car shopping with a copy of your available budget written down. That tends to keep you more honest and realistic about what is affordable.

msfriendly by msfriendly | MONROE, WI
Apr 10, 2010

I heard buying a car at the end of the month is a good time. Dealers are trying to meet their quotas.

basilandcatnip by basilandcatnip | GARLAND, TX
Apr 09, 2010

Be prepared for anything! Get EVERYTHING in writing. Look the car over well, especially if you're in signing the papers and it's gone to the detail shop before they hand over the keys and you drive it off the lot, make sure it has everything on it that it did when you test drove it. Also make sure you have all the "we owes" in writing. Most of all, be prepared to just walk away no matter how much you love the car.