GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
According toKelley Blue Book, the average transaction price for a new vehicle was $48,724 in November 2024.
Research
Always do your research before buying a car.
Choose the make and model that matches your needs.
When researching, dont stop at the car itself, he added.
Learn about the dealership or seller, too.
Check reviews to see how they treat customers and handle negotiations.
A well-regarded dealership will often make the process more transparent and less stressful.
Renee Horne, chief marketing and customer experience officer atChase Auto, also recommended weighing your purchasing options.
Have a Budget
What kind of car payment can you realistically afford?
And what about ongoing costs, like insurance and maintenance?
you might pay in cash, trade in your old vehicle or do a combination of both.
Preapproval gives you a clear understanding of your buying power and lets you walk into the dealership feeling confident.
Time Your Purchase
Timing your vehicle purchase matters.
Dealerships are more likely to offer deals at certain times of the month or year.
And remember, take your time and avoid rushing into a purchase just because of a promotional offer.
More From GOBankingRates
Share This Article:
