Three Tips for Being an Informed and Savvy Car Buyer in 2014

Author // NPR Car Talk
Posted in // Fuel economy cars, Used cars hampton roads

What suv should i buy

According to the Salt Lake Tribune, now seems to be the best time for buying a car. Many car dealers are reducing prices as 2014 models come in, yet large numbers of 2013s remain. A senior analyst for Kelly Blue Book, Alec Gutirrez, says that you can typically get 5% to 6% off sticker prices while dealing, but this holiday season you can see that number rise to 8% to 10%.

There’s more to buying a car, of course, than just having an idea of general industry trends. It’s no secret that buyers are coming to dealerships more informed about their options and potential deals than ever before. Here are three things you should keep in mind in order to be an informed consumer and car buyer in 2014.

1. How to Purchase a New Car

If you’re a Millennial, Time notes that this age group prefers car shopping to be low pressure, “with little to no haggling.” If you want the best deal, however, you should come prepared to bargain a little. While taking the first price offered might be less stressful, you’ll get much more out of the deal by pointing out competitive bids, or asking for extras like seat heaters or USB ports. An interesting new trend is online car buying from local dealerships. It’s worth seeing what type of information, tips, and guides your local car dealers have posted.

2. The Best Cars to Buy for Overall Value

US News publishes their list of rankings and reviews every year, and for the most affordable small cars, some of their top picks for value include the 2014 Toyota Corolla, the 2014 Kia Soul, and the 2014 Ford Fiesta. They note that cars like the Toyota Corolla make the list because it is still an ideal fit for people who “value simplicity and dependability over sporty handling, and flashy looks.”

3. What to Ask When Buying a Used Car

Last year, a total of 41 million used cars were sold in the U.S. If you’re buying from a dealership, you can often benefit from a closer inspection and extended factory warranties. You might want to ask if they can put your car on a lift, because this will allow you to check under the car for issues of rust or fluids. If you don’t know much about mechanics, getting a car report can be a good idea. According to estimates by Carfax, about 50% of all flood damaged cars go back on the road, often as resales. Water damage, though, is often an issue that will not affect cars until weeks or months down the line.

Do you have tips for buying a car? Let us know in the comments. Research more like this.

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