Here are some tips from RealRenta to help you buy the car you want for much less:
- Buy a pre-owned vehicle with a complete service history (at least 4 years old so it has had most of the depreciation).
- Don’t ever finance anything that drops in value- that is madness.
- Purchase a “Last-In” series model as most if not all of the car’s design bugs will have been rectified
- Show the dealer that you are ready to buy today but also ready to walk away
- When you counter offer, make each increment smaller than the last, so that the salesperson thinks they are almost out of options
- Sell your car privately, car dealers will always offer you less than what you can get when you sell it privately, as they want to make a profit as well
- Try and buy before the End of The Financial Year
- Hold onto your car until it dies or costs too much to maintain
- Try and do a Contra deal- if you have something of value to offer the seller ie Social Media Marketing, consulting services etc
- Don’t use the equity in your house to buy things that depreciate or things like holidays etc
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