Clark Howard Buying A New Car ❲RECOMMENDED❳
When talking to a salesperson, avoid revealing information that could weaken your leverage:
Don't mention paying in cash too early, as dealers often make more profit on financing and may be less willing to negotiate the sale price if they know they won't get that kickback. Maintenance & Longevity
Do mention you have financing already lined up until the very end. clark howard buying a new car
: Perform major maintenance at 30,000, 60,000, and 90,000 miles to extend the car's lifespan and prevent expensive breakdowns.
: Do not negotiate based on monthly payments. Instead, focus strictly on the total "out-the-door" price, which includes all taxes and fees, to ensure you aren't overpaying. When talking to a salesperson, avoid revealing information
: Only buy new if you plan to keep the vehicle for at least 10 years. Because new cars depreciate so rapidly in the first few years, keeping them for a decade or more is the only way to make the math work in your favor.
: If your car is over 150,000 miles and annual repairs exceed $3,000, it's generally time to trade it in for more predictable costs. Are you considering a specific make or model , or Report: The Average Price of a New Vehicle - Clark Howard : Do not negotiate based on monthly payments
Avoid saying you "love" the car or that your current vehicle is "on its last legs".
