That incredibly exciting and (slightly annoying) time has finally come for you to buy a new car. Whether old faithful finally needed so much work it was time to let her rest in peace (or pieces) or you just want to upgrade, we’re here to make the process of buying a new car just a little easier (and maybe save you some dough).
Check Manufacturer Incentives
Traditional car insurance premiums are rooted in aggregated statistics of driving records, usage-based insurance makes the price you pay for insurance more reflective of your actual driving behavior. UBI is a type of car insurance that rates based on actual driving behavior.
Telematics programs usually involve the driver allowing their insurance company to measure their driving behavior. In return, the driver typically receives a premium, or price for insurance, that more accurately aligns with their actual driving habits.
Most importantly you should shop around your trade-in vehicle since you aren’t required to sell your vehicle at the same place where you buy a new one. Some dealerships will give you more for your trade-in depending on what they may need for inventory. The same goes for purchasing your new car too – especially if a new model year is about to be released.
Secure Your Own Financing
Don’t like the financing options available at the dealership? Think you could get a better rate on your own? You can explore your options by visiting your local bank or credit union, who often offer exclusive rates for their customers.
Check All The Fees
Tax, title and registration fees are unavoidable, but with others there’s a little more wiggle room. While the dealer may not want to budge, you should try to negotiate the overhead dealer costs – such as the marketing, documentation and dealer fees.
Don’t Fall For Add-Ons
More than likely when you’re in the finance office signing paperwork, the finance manager will try to offer you various add-on products such as tire and wheel protection, undercoating, extended warranties and key replacement. Some of these might make sense for you, but they aren’t required.
Make Sure You’re Covered
With MAPFRE Insurance, you can customize a car insurance policy that protects your brand spanking new car if the unimaginable happens. MAPFRE’s value programs and car insurance discounts make the right coverage still affordable.