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Do you negotiate your car buying price? [Video]

Posted on Wednesday, August 3, 2016 at 8:18:56 PM

Negotiating the price of a car can be somewhat of an intimidating prospect, especially for buyers who have never attempted to accomplish such a feat. However, with the right knowledge and preparation, such activities can actually be a pretty straightforward, achievable process. 

NerdWallet recently listed some of its top tips to car buyers to ensure that they are getting the cheapest possible price on their new and used automobile purchases. According to the news provider, preparation is critical in this endeavor, including the research of various models of interest to get an idea of how much the going rates are, as well as seeking out any offers for coupons or rebates online, before going into the store. 

Additionally, the source argued that discussing financing options online or with a representative before the negotiation attempt can help to ensure the sale goes off without a hitch. 

Car buyers might want to reach out to their local bank representatives for assistance in finding the right financing options in accordance with their specific needs and financial capabilities, as this can lead to a better deal.