Great Car Deals Hard to Find Right Now
If you're looking for a good deal on a Toyota, Honda or Nissan, it might not pay to wait, as shortages will make finding a bargain harder and harder.
Analyst are predicting a shortage through the end of summer and most automakers are expected to cut back on incentives next month.
In addition to production woes, the current economy is also causing some manufacturers to raise prices.
The yen has grown stronger against the U.S. dollar, reducing profit Japanese automakers see from vehicles sold in the States.
So if you're in the market for a new car and want to save, act now. Use our Car Buying Guide to get the lowest price.
Otherwise, you may be waiting a very long time to find a good deal.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid