1. Quote your new car online
2. Quote insurance on the new car
3. Get Pre-approved financing
4. Make a deal with the local dealer
Quote your new car online
So you’ve decided to buy a new car and you’ve done enough research to narrow it down to a few models. The very first thing you should do is get an online price quote using Edmunds.com
Instant, Free Price Quotes on McAllen Cars at Edmunds.com
The quote you receive from Edmunds will come from a local authorized car dealer, but often times is lower than anything you will ever find at the dealer. Print out your quote. You’ll want to take this to the dealer when you go in for a test drive.
Quote insurance on your new car
The safety ratings, features and value of your new car all play a role in how much your insurance will cost. The only thing worse than negotiating a great deal on car you love only to find out you can’t afford the insurance is to actually buy that car, get it home and then realize the hard way that you can’t afford the insurance.
You’ll want to check with your current insurance provider, but there are also a number of online options for getting quick insurance quotes from a number of nationwide providers.
A few of our favorites:
Compare car insurance rates from multiple providers with Quote Wizard. Get quotes now.
*If you use Fred Loya it is in your best interest to quote online - Fred Loya markets their local status as a positive, but when it comes to pricing and service, it is not. The above providers almost always have both better pricing and better service.
Get pre-approved financing for your new car
So now you have a rough idea what your new car is going to cost you. Now its time to get financing. Walking into the dealer with a pre-approved check in hand gives you a huge cost advantage for two reasons.
1. The dealer will know you are serious and ready to make a deal. You’ll end up playing less games and get right to it. Threaten to take your check somewhere else and you’ll find their bottom line price fast.
2. Dealers make just as much money on the financing end as they do on the sales end. A dealer might give you the impression that he’s giving you a good deal on the price of the new car, but make it up on the back end through the financing. Using your own financing prevents this from happening.
Check with your local bank, but also get a few financing quotes online. National banks often have more competitive rates than our local valley banks.
A few of our favorites:
Auto Loan quotes from CarsAmerica.com - The online Leader in Auto Financing
Car loans for those with less than perfect credit from Loan Motors
99% Approval and Great Rates - MyCreditTree.com
Go to your dealer and make a deal
Take your online quote and pre-approved check to your local Rio Grande Valley car dealer and make a deal. Your online quote is very likely to be close to their bottom line, but you never know, they may have some room to work with. It’s a tough time for the new car dealers right now so they’ll certainly do their best to make a deal. Go in informed and you’ll have the best shot of working out a deal where both sides come away winners.
Best of luck with your new car purchase!
