: Avoid being the first to buy a newly released model, as high demand allows dealers to charge MSRP or higher. Waiting a few months for inventory to stabilize can lead to better deals.
: Reference resources like Edmunds or Kelley Blue Book to determine the True Market Value (TMV) and invoice price before visiting a dealer. Budgeting and Financing abc news car buying tips
: Be wary of 72-month or 84-month loans. While they lower monthly bills, they increase total interest paid and keep you "underwater" (owing more than the car is worth) for much longer. : Avoid being the first to buy a
: Secure financing from a bank or credit union before arriving at the dealership. This provides a baseline rate that the dealer may try to beat with manufacturer-backed promotions. Budgeting and Financing : Be wary of 72-month
ABC News offers a variety of car-buying tips focusing on negotiation strategies, budgeting, and inspection to help shoppers avoid common pitfalls like overpaying or taking on unmanageable debt.