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J.G. Wentworth Blog

Six New Car Buying Tips

Did you know that most car buying experts consider the end of summer and the end of the year as the two best times to find deals on new cars? That’s because that’s when car dealerships are bringing in new inventories, and are trying to sell off the cars they already have in stock.

If you’ve begun thinking about purchasing a new car but are worried about how to afford it, here are six more strategies from J.G. Wentworth to help you with the car buying process.

1) Do your research before visiting any car dealership

You don’t need to walk into a car dealership to learn about the types of cars that interest you, as there are a wide range of magazines and online sites that offer reviews and rankings of the latest models; these include Consumer Reports and Car and Driver, to name just a few. Look over these reviews and see what the experts say about these cars before test-driving them for yourself.

2) Visit car dealerships on a weekday

Car dealerships generally see far less people on weekdays, so you can get more individualized attention and more time to get familiar with your prospective new car.

3) Don’t succumb to any sales pressure to make a purchase quickly

Whether it’s a weekday or weekend, do not be pressured into making any deal “today” unless you really want to. If you have any doubts about the deal you are about to sign, simply thank the salesperson for their time and tell them you need to think more about it.

4) Ask about all incentives and deals offered by the dealership

Dealers may have legitimate alternative car makes and models under rebate, and it is always worth inquiring at the dealership about any unique car sales opportunities they are currently offering.

5) Consider the insurance payments on the car that interests you before making your purchase

Insurance rates on cars do vary, and these mandatory payments can make a real difference over time. That’s why it’s important that you find out the insurance rate on your car of choice before purchasing it, as it is extremely unlikely you’ll be able to return the car after driving away from the dealership.

6) It’s not just about the car price – it’s also about the financial terms of the purchase

Last, but certainly not least, is our recommendation that you research not only the car you want, but also all the ins and outs of the financial terms you will be accepting.  Some car dealerships make real profit over these financial terms, so clean up your credit score and consider alternative lending agencies like banks, before simply accepting the loan terms of the car dealer.

We hope these six recommendations will help you get that great new car you want at a price that falls within your budget. At J.G. Wentworth, we understand how stressful a “big ticket” purchase like a car can be, because over the past two decades we’ve helped thousands of folks around the country get the money they need to make these purchases. If you need cash now, and are either receiving or scheduled to receive periodic payments from a structured settlement or annuity, call our company today to learn how you can get that money into your pocket sooner. For a free, no-obligation quote, call us anytime at 877-227-4713.