10 Insider Tips for Getting the Best Deal on Your Next New Car

Buying a new car is one of the biggest purchases most people will make. With the average new car price topping $48,000 these days, it's more important than ever to be a savvy negotiator to get the best possible deal. As someone who has purchased numerous new cars over the years, I've picked up some hard-earned wisdom on how to maximize your savings.

1. Do Your Research Knowledge is power when it comes to negotiating. Before you ever step foot on a dealer's lot, research prices, incentives, and deals thoroughly online. Sites like Edmunds, KBB.com and TrueCar can give you a realistic idea of what people are actually paying for the make/model you want in your local area.
2. Get Pre-Approved for Financing Getting pre-approved for an auto loan gives you bargaining leverage and means you don't have to take the dealer's financing, which may not be the best rate. Your own bank or credit union is a great place to start.
3. Time Your Purchase Wisely Dealers have monthly/quarterly/yearly sales goals. Leverage this by buying at the end of these periods when they're more motivated to make deals happen. The Memorial Day, Labor Day and end-of-model year sales are prime opportunities.
4. Cast a Wide Net Don't just limit yourself to your nearest dealerships – check prices online and call dealers in a wider radius. I've scored some of my best deals by being willing to travel a bit further and leverage competition between dealers in different markets.
5. Ask for Additional Discounts Always politely ask if there are any additional incentives, discounts or rebates that can be applied, especially if you're a student, veteran, member of a credit union, etc. These potential savings aren't always advertised.
6. Negotiate Everything From the vehicle price to financing, trade-in value, fees and taxes – negotiate it all! Dealers expect and respect skilled hagglers. Don't take the first number they offer on anything.
7. Use Financing as Leverage Let the dealer's financing department think you're taking their loan, then reveal your pre-approved lower rate from your bank/credit union. This gets them motivated to beat the rate or offer other savings.
8. Be Willing to Walk Away Always be prepared to walk out of a dealership if you feel the deal isn't good enough. More often than not, they'll find a way to sweeten it at the last minute to keep you from leaving.
9. Ignore the Monthly Payment Pitch Dealers love to work backwards from your desired monthly payment to structure overpriced deals that maximize their profit. Negotiate the total price you're paying instead.
10. Stay Patient and Persistent Scoring a great deal takes time, persistence and skilled negotiating. If you go in with urgency, they'll smell desperation and take advantage. Stay patient, be polite but firm, and always be willing to simply walk away.

I've saved thousands upon thousands over the years by following approaches like these. Getting a great deal truly is possible if you do your homework and negotiate skillfully.

 Be sure to stay tuned to AmulYasCarReview.blogspot.com for more insider tips on getting the best deals and finding your dream car!