The first step is to research both the vehicle and the dealership in advance. Once you have a good understanding of the true market value of the car, you can begin to negotiate from a position of strength.

It’s also important to be willing to walk away from the deal if the dealership is unwilling to meet your price. After all, there are plenty of other dealerships selling the same car. By paying below MSRP, you can save yourself thousands of dollars on your next vehicle purchase.

2. The Best Time To Buy A New Car

Chip shortage or no chip shortage – the best time to buy a car is typically when dealerships try to meet sales quotas. And dealerships are always trying to meet sales quotas. This means that the end of each month, and especially the end of each quarter, is usually a good time to buy a car.

Many dealerships offer great deals at these times in order to boost their numbers. And during these times of limited inventory due to the chip shortage, you can still find a lower price on a car by waiting until one of these periods.

Without a doubt, the process of buying any type of car can be daunting. The best way to ensure that you get an excellent deal on your next purchase is by following these tips:

Look For Special Deals

If you’re not hurrying to buy a car, it’s worth waiting for special deals and promotions. Many dealerships offer big discounts on new cars during holidays, with some of the best around Memorial Day and Labor Day holidays. You can also often find great deals on new cars during the summer months, as this is typically a slower period for sales.

Don’t Forget About Incentives:

In addition to promotional offers, many dealerships offer incentives to encourage people to buy cars. These can include things like cashback offers or low-interest financing. If you’re considering buying a car, it’s worth checking for any available incentives before deciding.

Wait Until Spring or Summer

You should also keep in mind that new car models are typically released in the fall, so if you’re looking for the latest and greatest, you may want to wait until then. However, if you’re not concerned with having the newest model, you can usually find better deals on older models.

Next Up… Our Top 5 Car and SUV Picks for 2022