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Buying a new car can be an exciting time. But many people are intimidated by the dealership experience, including the price negotiations and the high-pressure sales tactics that can be used to manipulate you into spending more than you need to. Others find it confusing and frustrating to try to pick the right vehicle from the more than 300 models on the market.
To ensure that you get the right vehicle at the best price, you need to be an informed buyer. That means investing time in research and preparation. The car-buying process can be boiled down to five steps:
* Get the right information to narrow your choices and make a smart decision.
* Check out the cars by doing a thorough test drive.
* Set a target price and learn the value of your trade-in.
* Shop for financing before you deal by comparing terms and interest rates, and getting preapproved for a loan.
* Get the best deal by contacting dealerships, comparing offers, and using a proven negotiating strategy.