One of the things we love to help you with is asset financing for a new car. If you're thinking about buying a new family car, a first car for a young person, or even a big surprise for that special someone, then this is a great time of year to do it!
Car dealerships are already announcing their end of year sales on this year's models all over town. And even where no sales are advertised, it's the time of year when the dealers want to move this year's models so they're much more open to negotiation.
The one thing you'll want to avoid is dealership financing. Whilst the advertised interest rate often sounds great, it's usually a one-size-fits all deal that doesn't take into account all the financing fees, charges and penalties – or your personal circumstances. Getting your financing in place first will also insulate you from the pressures and tricks the dealerships try on you when you sit down to sign the deal – extras that drive up the costs and don't do you any favours.
The key to getting the best price is to have your financing in place first. This will help set a budget benchmark for your negotiations once you choose the model you want. You can shop at several dealerships for the best price and then drive a hard bargain by making them compete for your business.