No matter how much money you have, being able to save some on a purchase is always good news. Scoring a two-can-dine coupon on $10 meals can be enough to render people ecstatic. Although we don’t go out hunting for ways to save a few bucks on takeout, we do as much as we can to save on larger purchases. Purchasing a new car for instance – who wouldn’t love to knock hundreds or even thousands of dollars off of the price?
It’s possible to get the car you want at a price lower than listed, it just requires a little extra work that will be well worth it in the end. In the market for a new ride? Here are a few ways you can score the best car deals Canada has to offer:
Do Your Research
The excitement of driving away in a new ride is a lot to bear. So much so, they are you want to just run to the dealership, sign your deal quickly, and ride away. While the experience is exciting, it’s best to take it slow and do thorough research. Don’t settle on the first car you see. Compare various models, makes, prices, and features. This extra bit of research can really go a long way when it comes to picking the vehicle that best suits your needs.
Trade-In If Possible
Do you already own a vehicle and are just looking to upgrade? Consider trading in your existing vehicle. Provided it is in good condition, the dealership can offer you a good amount of money on it. The money you are offered is based on:
- The year of the vehicle
- The make/model
- It’s external condition – is free from any cosmetic damage?
- It’s internal condition – are all the parts in working order? Are repairs required?
- It’s features – vehicles with more features tend to rake in more money
- It’s current safety standard – will it pass safety or does it require repairs in order to do so?
Based on these factors, the dealership will work out a reasonable price which can be put towards the purchase of your new vehicle and lower the overall cost. If you aren’t too attached to your current ride, it makes sense to consider a trade-in!
Learn More About Rebates
Remember that two-can-dine coupon I mentioned earlier? It would be cool if you could cash in a coupon for your new vehicle, wouldn’t it? While they don’t work quite like that, rebates can still knock some serious cash off of your next new vehicle purchase. It’s important to research rebates you may qualify for as some aren’t brought up by the dealer. Money-saving rebates can include:
- Incentive rebates – often given when you purchase a vehicle by a certain time
- Military rebates
- Student/Graduate rebates
- Mobility rebates (should you require any add-ons to make your vehicle accessible)
- Workplace rebates
Get Your Dealer Invoice Report
A Dealer Invoice Report is to car buying what the Golden Ticket was to Charlie. What exactly is it? A Dealer Invoice Report generates the price the dealer paid for the vehicle as opposed to the MSRP which is marked up, sometimes substantially. The report reveals the dealer price as well as incentives you may be eligible for. Most dealers are receptive when it comes to accepting the report and presenting the information on paper may void a pesky negotiation process.
Depending on the price of the vehicle, the Dealer Invoice Report can save you anywhere from a couple hundred dollars to thousands. Saving your hard-earned money with a free report sounds like a win-win in our books!
When it comes to purchasing a new vehicle, there are several ways you can go about knocking some dollars off of the cost. Being aware of these measures and taking a little extra time before jumping on the first vehicle you see can help you save big.
Ready to purchase your new vehicle? Get your FREE Dealer Invoice Report today!