The Definitive Guide To Buying Your First New Car

Value

The value of a car can help you in a few ways. When you visit a dealership, you should be looking at the sticker price and the invoice sticker to see how much the dealership paid to have the car on their lot. The sticker price should reflect the mark-up. If you know the original value of the car, you will be able to determine how much the mark-up was and how much room you will have when negotiating the price. Many times, you can get the salesperson to lower the price to below the invoice mark-up. Use the negotiating skills you learned in this book and the information you learned about the car on the Internet.

Rate of Depreciation

The rate of depreciation will tell you how quickly the car will lose its value. If you decide to sell the car later on, you may not be able to make as much as you would like. The rate of depreciation can also tell you if you are paying too much for the car. Cars that depreciate quickly may cause you to pay more for the car than it was worth. Most cars lose up to 30% of their value once they leave the lot.

Ratings

Your new car will be rated for everything from performance to the amount of cup holders in the car. You should use these ratings when you are comparing features of different cars. Ultimately, you should take a test drive in order to determine whether the car meets your needs. Ratings can be very important when comparing features you do not know enough about to make an informed decision based solely on a test drive.