CONSUMER WATCH: New car buying tips

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by Jacob Ryan

WHAS11.com

Posted on September 13, 2013 at 4:34 PM

Updated Friday, Sep 13 at 4:40 PM

LOUISVILLE, Ky. (WHAS11)-- September is known for ushering in the latest and greatest from auto manufacturers and if you find yourself in the showroom eyeing a new set of wheels you may want to take a few things into consideration. 

Consumer Reports recommend doing some research before you head to the dealership.  Get an idea of what you are looking for in a new car.  Decide on a model, trim level, the options available and a price. 

Browse dealerships to see which one is offering a price that sounds appealing. 

Getting pre-approved for a loan is proactive, and if you are financing through the dealership it is recommended to walk into the negotiation with knowledge of competitive interest rates. 

When you are at the dealership, don’t buy unnecessary extras, on occasion, these will be pre-printed on a sales contract, so make sure to read carefully. 

Don’t be tempted by the extended warranty if it isn’t a necessity.  Familiarize yourself with the vehicle’s reliability record and decide if it is necessary. 

Bring a calculator and do your own math, check the dealer’s numbers and make sure that they match your own. 

Be prepared to walk out.  Consumer Reports say that showing a willingness to walk away can be effective in getting you the deal, and the wheels, that you want. 

If you have a consumer tip, send an email to consumerwatch@whas11.com.

 

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