How to save cash buying a car this summer.
If you’re shopping for a car this summer, there are ways to save some cash. As long as you take your time, shop around, and consider every option available, you’ll make the transaction as affordable as possible.
Here are some tips for saving some dough on a car this summer.
Wait it Out
The first key to saving money on a car is to wait until the end of the month to buy one. As the month goes by, dealers get more antsy about hitting their sales goals. If you wait until the end of the month, you’re more likely to score deals and discounts on new and used vehicles.
Look for Incentives
According to one report, new car inventory jumped 35 percent from last year to this year. When new cars are everywhere, there are deals to be had. Dealers have to move inventory and are willing to work with you to make that happen. If you’re looking to land a Chrysler, Jeep, Dodge, or Ram you’re in luck: a report found that these brands have an “unusually high inventory” this year.
Consider Your Options
Another way to save money on a car this summer is to consider less popular brands. Car brands like Kia or Hyundai make quality vehicles and are less popular than Toyotas or Hondas. You can usually find discounts on car brands that aren’t in high demand.
Do One Thing: Make sure your credit score is as high as possible before shopping for a car. The higher your score, the better loan offers you’ll receive.