While most people are concentrating on buying gifts for their friends and family for the holidays, consider a gift to you or your family with a new car at a price that will make the holidays even brighter. The end of the year can be a great time to get a good deal on a new car, especially if you are looking at 2012 models. Dealers want to move 2012 cars out of their showrooms prior to the calendar year turning to 2013.
Many auto manufacturers offer the best rebates at the end of the year, so be sure to check out the manufacturer's website about any special offers. Salespeople will not always provide this information unless you ask them directly. The more information you have before stepping on a dealer's lot, the better deal you can get in the end.
If you live in an area with many dealerships, you can visit each of their websites one at a time, but there are also online tools that will let you search for a vehicle's make and model and let you know which dealer is selling what you are looking for close to your location. Check out Kelly Blue Book's New and Used Car Classifieds for an easy way to search for your next car, truck, SUV, or crossover.
While you are doing your online shopping, check out reviews from people who already have the car you are considering. Sites like Edmunds.com, Car and Driver, and many more offer free access to reviews on anything vehicle you are considering.
Credit Unions traditionally have lower rates on auto loans compared to banks. The lower your rate, the less your monthly payment will impact your monthly budget. Estimate your next car payment with our Auto Loan Calculator to see how much you could be paying. Don't forget to consider tax, title, and licensing fees in the cost of your next car.
Before taking your first test drive, contact your local credit union and get pre-approved for your next auto loan so you can walk into a dealership with financing ready to go.
A little research and preparation before walking into a dealer's showroom could save you money as well as provide you with a vehicle that will meet your wants and needs for years to come.by Staff Writer