KBID 358 Date Created: 4/3/2003 Date Modified: 6/10/2025
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When it comes to buying a car, you want to make a well-informed decision. Here are some tips to avoid making a costly mistake:
Check out different vehicles. Several Internet sites can help you compare features and prices on new motor vehicles.
Research the dealer’s price for the car and options. It’s easier to get the best price when you know what the dealer paid for a vehicle. The dealer invoice price is available at a number of websites and in printed pricing guides. Consumer Reports offers the wholesale price. Lower than the invoice price, this figure factors in dealer incentives from a manufacturer and is a more accurate estimate of what a dealer is paying for a vehicle.
Find out if the manufacturer is offering rebates that will lower the cost. Check out Edmunds.com www.edmunds.com/car-incentives.
Get price quotes from several dealers. Find out if the amounts quoted are the prices before or after rebates are deducted.
Avoid high-profit, low-value extras such as credit insurance, extended warranties, auto club memberships, rust proofing and upholstery finishes. You do not have to purchase credit insurance in order to get a loan.