Car Prices Blogs - September, 2011

Why are New Car Prices Constantly on the Rise?

September 26th, 2011

If you are already familiar with the best new car prices in the USA then you may have noticed that car prices are not what they used to be.

Consumers can only cringe every time they visit the dealer as what used to be a dirt-cheap compact is now similarly priced to midsize sedans of yesterday. The good news is that car buyers now definitely get what they pay for as new cars are now equipped with the latest accessories, gadgets and safety equipment that properly befits a modern car.

The bad news is that there seems to be no end to the continuous rise in new car prices in the market. Yes, there are cars that give a lower price than most but this has nothing to do with the topic at hand. Here are the most valid reasons why new cars have been considerably more expensive than before:

1. Oil prices – as crude oil prices rise, so does the cost of transporting and refining the most precious mineral on Earth. This also translates to higher prices in terms of other precious commodities–yes, including the materials and technology utilized in the design, engineering and manufacturing process of creating a modern car.

2. Stringent emissions regulations – car makers will have to invest more technology in creating cleaner burning engines and lighter bodies in order to conform to the latest standards in fuel economy. Car buyers know better as they now only buy cars that save them money in terms of fuel and other related expenses.

Despite this trend, now is the best time to buy or lease a new car. Modern cars will not only heighten the driving experience but will better isolate you from the rough and dowdy city driving environment while remaining as clean burning and fuel efficient at the same time.

Want a new car? Find all the best deals and the lowest car prices by simply taking advantage of a free quote.

Helpful Ways to Negotiate the Price of a New Car

September 21st, 2011

You may already have heard about tips and techniques on how to negotiate the price of a new car and how to drive away from the car dealership while wearing a huge smile on your face. Tips and tricks aside, here are the basic ways on how to negotiate and get the lowest car prices in the market:

1. Maintain a good credit score. This may sound silly but your credit score is actually a reflection of your personality and lifestyle. If lenders and car dealers are faced with a bad credit rating then this means that you pose much of a risk when it comes to leasing and financing a car–which will lead to higher interest rates and high monthly payments. You can read all you want about the simple ways on how to get the lowest interest rates in the market but your credit score is still the single most important factor on how to negotiate the price of the car and save money. Tip: car dealers will most likely offer you amazing leasing and financing deals if you have commendable credit.

2. If you can, make sure that you make a handsome down payment at the beginning of the loan or lease. The down payment or advanced deposit will be deducted from the financed amount; which means that you stand a chance of getting lower monthly payments. when negotiating the price of the car, tell the dealer that you would like to make a higher down payment and see how this changes everything.

3. Get the lowest car prices by asking for multiple price quotes. Never head to the dealership unarmed. If you get to know the invoice price in advance, the dealer does not stand a chance of duping you in the first place.

How to Get the Lowest Car Lease Prices

September 19th, 2011

Leasing car prices will depend on two factors, namely:

1. Make and model of the car; and

2. Location, area or state.

It is safe to assume that lower-priced cars are less costly to lease and those that have a higher price tag are considerably more expensive in terms of monthly lease payments. Not all dealers may be able to offer the same lease price so it is up to you to find out which dealer offers the most reasonable price.

The act of asking for a free leasing quote is a guarantee that you only get the lowest lease prices in the market. By simply comparing a free quote online you will be able to instantly determine the dealer that is famous for giving the lowest car lease prices in the market.

You will also need to consider the reputation of the brand when it comes to durability and reliability. Hint: cars that have an outstanding reputation in terms of performance and durability will have a higher residual value. Cars or SUV’s with a high resale value are less costly to lease as lease prices are based on the estimated residual value of the car. Car dealers that are trying to get rid of overstocked units will also be able to offer you a better lease price than most.

More leasing tips coming soon. Take your time to understand the marvelous aspects of leasing and you are on your way to drive home your very own brand new car.

A Quick Guide on How to Get the Lowest New Car Prices

September 14th, 2011

While it is easy to get a free price quote and compare the latest car prices in the market, every car buyer should take the time to understand how various options and trims will inevitably affect the real on-the-road price of the car.

Let’s say that you want the new Hyundai Sonata. In base GLS trim, car prices start at under $20,000 but if you decide that you want sports-tuned suspension along with sport-tuned steering then you wold have to cough up more money for the said options. This will bring the price up to around $23,000.

Car dealers make money by making a profit on each and every transaction and item that pertains to buying a new car. Even the above mentioned options of a sport steering and suspension system will give the dealer a marginal profit as a result of the sale. If you want to experience a firmer ride with brilliant handling and cornering capabilities then the added premium is definitely worth the price. However, if you just need a normal ride along with the standard steering system then there is no need to spend the extra money on such options.

Take it easy when it comes to the options list. Buying the base model will indeed save you money. Only specify the items or options that you really need rather than those that you only want. Cringing on the novelty of such options will result in more money inside your pocket.