A strong first step in the car buying process is to secure approved for a loan. Having approved for a loan from a bank, credit union or online lender will highlight what interest rate you qualify for. If the interest rate given is shockingly high, you will be aware that you have problems with your credit history which should be resolved before you progress. Getting approved in advance will also can help you negotiate at the dealership as a cash buyer, which can be much simpler. You can still accept dealership financing, but getting approved before you perhaps visit the dealership is going to be the bargaining chip to ensure you get the best interest rate.
Remember, as the buyer, you should be the one in charge over the entire process, and you must be making several options along the way before you even step into a dealership. With plenty reputable information available, even if you have got a strong preference about the vehicle you really want, if you take the opportunity to try some research and be open-minded you may well be satisfied by the outcome.
There are two "best times" to buy. The end of December is a great time. People are out purchasing XMAS gifts, causing dealer plenty void of purchasers, motivating them to cut prices and break year end sales records. Another great time to buy is July through October when dealerships sell off cars at less expensive costs to clear room for the new models.
As you are costs a lot of your hard-earned dollars and you are likely to be spending a lot of time behind the wheel, have additional time during the test drive. Make sure that you are definitely comfortable in the car and can adjust the seat and mirrors so you have nice visibility. Make sure you are comfortable driving on surface streets, in traffic as well as on the highway, or even in parking.
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