Buying a new car should not be a daunting task; it is probably the second biggest investment (after your house) that you will ever make. Therefore buying a new car should be an informed decision making process which puts you at ease on the day you drive that new car of the showroom floor. Here are a few things that you should keep in mind:
The advertised price is almost always negotiable but why?
It is not that car dealers want to “do you in” but because every deal for every customer is different and unique they have to find a middle ground, which is normally the advertised price. Simply put, the deal does not only include the new car. It also encompasses any trade in car you might have, whether you are buying on credit or with cash and sometimes whether you are a repeat customer or not. The price can also be influenced by the colour you choose or whether that particular model will be replaced in future. Remember, that by using Nift.co.za we ensure that you are given the best new car prices upfront. So you don’t need to haggle with different car dealerships, we have already secured you the best price for that new car of yours. What is your best cash price? Erm, probably more that when you buy on credit! In the good ‘ol days customers walked in and made the statement “I am buying with cash, what is your best offer?”
That point of view is now redundant. Well most dealers now offer finance assistance. Simply put they will help you get finance from the major financial institutions and you get to pick the best deal for you. That’s nice of the car dealer’s right? Well, kind of, car dealers get what is called a kick-back from the car finance companies. There is no fixed formula for this and the kick-back is influenced by the amount borrowed, period over which you intend to repay the car and the interest rate offered. Therefore if you buy a new car by using car finance the car dealer makes extra profit so all in all they will be more likely to give you discount on the new car if you buy using credit that if you are buying your new car with cash. Can I get quotes from different dealers on the same car? The only way to know whether you are getting the best deal on your new car is to know what the worst deal is. So yes, in fact it is advisable that you do. Remember, there are a few things to remember when comparing quotes:
Look at the price of the new car. If there is a trade in car, compare the values given. Consider the additional costs such as registration and licensing fees from each dealer. Lastly, very few dealers will send you a quote if you simply phone them. Because they now you are probably shopping around between various dealers. One easy way to get comparable quotes in a few minutes is using Nift.co.za. This will save you an immense amount of time; no need to drive to different dealers and no need to haggle with each dealer on the sales price. The Nift.co.za system ensures that you get the best deal around with the least amount of effort. Are you a car dealership that sells new cars? Why not visit our dealer page to find out how you can get more leads for your new cars!