Tips for buying our first car
The purchase generates emotions of all kinds. On the one hand, we feel happy and excited about the achievement that being able to acquire our own vehicle represents, but on the other hand it makes us nervous and worried about making the right purchase.
That is why we must carefully plan what car we want to buy, taking advantage of the resources we have available. The more attention we pay to details and the better we manage the time that we dedicate to the purchase
Shop and compare to get the best possible price; Compare models and prices in advertisements and various dealerships.
Prepare to negotiate the price of the vehicle. Some dealers may be willing to negotiate on their profit margin in October, since that is when the following year's models come out. This margin is often between ten and twenty percent.
You can save money by negotiating the price since this is a factor in the dealer's calculations — regardless of whether you pay cash or with financing.
Dealers sometimes offer a very low financing rate for specific cars or models, but they may not be willing to negotiate the price of these. It is likely that in order to take advantage of the special interest rates, they will require you to pay a large advance payment. Under these conditions, you may find that it is sometimes more convenient to pay higher finance charges on a lower-priced car or buy a car that requires a lower down payment.