Tips - Abc News Car Buying

: 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.

: Holidays or the end of the month, quarter, or year are often good times to find motivated sellers. abc news car buying tips

: Avoid the "monthly payment" trap. Dealers often use monthly budgets to hide the true cost of the vehicle, interest rates, or expensive add-ons like extended warranties. : Avoid being the first to buy a

: Former dealership professionals suggest negotiating over the phone to keep the decision analytical. It is much easier to hang up when a dealer "plays games" than it is to walk away when sitting in front of someone. : Avoid the "monthly payment" trap

: 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

: Always hire a trusted, independent mechanic to check a used vehicle before buying. If a seller refuses an inspection, consider it a major red flag.

: For used cars at a dealership that aren't already certified, you may be able to negotiate for the dealer to certify the vehicle in exchange for a slightly higher price, which often includes a stronger warranty. Timing and Inventory