What Does It Take To Win The Car Buying Game?

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How many car buying stories start with “ I walked in, got what I needed, and got right out”? Probably none, right? Statistics show that over 87% of Americans dislike car shopping at dealerships. You know what I’m talking about… the hours-long process in the “showroom”, haggling over prices and features, the awkward visit with the finance manager and, of course, endless paperwork that you may not even understand.

Given the choice, the car buying “game” is one that few would play willingly. Yet most of us will join in at some point. Here are a few of our favorite tips when it comes to beating the odds and winning when it comes to buying a car.

Take Advantage of Online Shopping Tools

As you weigh out your options when it comes to the right auto purchase for you and your needs, there is a wealth of information out there to assist you. YouTube and TikTok reviews hype up the trendiest new features while dealer and manufacturer’s websites highlight the latest makes and models (and their zero-percent financing options). With so much information out there, it can get overwhelming pretty quickly, especially if you don’t even know where to begin.

While social media, blogs, and online buyer forums can help narrow your search with the shared experiences of people just like you, none of these sources allow you to compare the information with actual vehicle inventory in your area. With a service like TrueCar, you can compare the make and model of actual cars available at dealerships near you and find out what people paid for comparable models. This one step is bound to save you a lot of time and money.

Seal the Deal by Getting Pre-Approved

Everyone has that friend or family member who prides themselves on their deal-making skills, right? For most people though, negotiating the final sales price is a dreadful experience. Maybe you’re the dealmaker among your friends, but it’s undeniable that consumers are at an inherent disadvantage when it comes to haggling prices.

Before you step foot onto the lot to make that money-saving deal, you’ll want to have a firm idea of you can afford it becomes “go” time. When it comes to getting the car you want at the price you’re comfortable with, be sure to to separate the financing cost from the purchase price. That’s when your relationship with a trusted financial intuition comes into play. When you get pre-approved, you’ll lock in an interest rate and loan terms that work for your specific situation and budget.

Now,  when you head over to the dealership, you only have to select the vehicle that suits your needs, knowing exactly know what you can afford, down to what your monthly payments will be. And you’ll save a ton of time and skip that trip to the finance office. A pre-approval is like having cash in your pocket.

Save Money… Buy Pre-Owned

We can all appreciate the latest “bells & whistles” that come with each year’s brand new models. But it’s true what they say about the value drop for a new car as soon as you drive it off the lot. So, it’s worth saying out loud… if you’re looking to save some that hard-earned cash when it’s time to buy a new ride, consider widening your car search to include “used” vehicles. In addition to a lower sticker price, you might be surprised at how much you can also save when it comes to your loan terms and insurance rates with a pre-owned purchase.

We all have to play the car buying game at some point, so why not do everything you can to come out on top?
With flexible terms, competitive rates, and our innovative Check-In-Hand program, Call Federal is the perfect teammate to help you beat the odds and win at car buying. Simply visit one of our convenient branch locations, call, or apply online today! Trust us, it’s a game-changer.

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