How You Can Optimize Your Next Vehicle Purchase and Save Big

Buying a car is a significant expense, and we all know that money doesn't grow on trees. But if you have your mind set on buying another car to replace your old one, you would already understand the importance of getting a good deal – and maybe even saving some money while you're at it. You also have to know how much of a commitment it is to have a monthly payment for your car and how it can eat away at your budget if you're not careful. So how can you optimize your next vehicle purchase and save big? Here's what you need to know.

Key pointers to remember

Before you can even begin your search for a new vehicle, it pays to remember some key pointers. For example, even if you already have a car in mind, you are more than likely to find other vehicles in a different class or model that may be good enough for your needs. Therefore, it's a good idea to keep your options open, especially if you can get a good deal on another model.

Here's another thing: it may be worth visiting a dealership that's two hours away if they can give you a big discount, say, a thousand dollars. It would also be wise to look for a good mechanic, someone you can trust. Why not consider a used model if you want to save more from the get-go? Used cars will generally be less expensive than new ones, and they come with lower insurance premiums, too. Buying used allows you to save money and benefit from a car that’s still functioning very well, as confirmed by used car Utah dealerships like The Young Automotive Group.

 How to optimize your purchase and potentially save big

·         Try to negotiate

Some of us may be uncomfortable with the idea of haggling, but it's worth a try. But before you do it, do your homework first – find out car prices and financing options so you know what numbers and figures to use. Your best bet for saving money is to pay for your purchase in cash, but if you need financing, check with your bank for their rates first. You can also check out sites like Lending Tree or Bankrate to compare different interest rates in your local area. Even if a dealership cannot lower the price, it doesn't hurt to ask for extra services, such as free tire or car mat upgrades, oil changes, and so on. 

·       Search for features rather than brand

Another way you can optimize your car purchase is to base your search on features rather than the actual brand. For example, list down what you would like most in your car – whether it's a car that's no more than two years old, your preferred miles, and other secondary wants like heated seats and steering wheel, a sunroof, etc. 

If you'd like an SUV, it's okay to look at a Ford, but don't get stuck on it. You may be able to find another, cheaper alternative that has all the features you want, too. Lexus SUVs, for example, are often cheaper than Ford because they’re a different brand, but they can still have all the bells and whistles you are looking for.

It also makes sense to consider the maintenance costs of the vehicle you're eyeing and make a wise choice in terms of gassing up!