If you’re thinking about shopping for your dream car, you should consider getting it on a black Friday because it allows you to get more value for your money. Car dealerships are taking advantage of the craze that comes with this day by selling most in demand models, such as Ford, at a discount. However, before you go out there and spend your hard-earned cash, you need to know how you can shop for the best Ford deals.
1. Do Your Research Days or Weeks Before the Actual Shopping Date
If you want to find the best deal in the market, you’ve to go out there and see what different dealerships are offering. In case, your weekdays are packed with activities, you can decide to visit different dealerships every Saturday. As you visit the dealerships, take your time to look at the car collection and the various perks that come with them. Ask the sales team whether they offer any service warranties or discounts. Find out if they allow payment in installments and other question that you mind find relevant. To make it easy for you, prepare a list of questions before hand.
Additionally, book a test drive and get a feel of the car. During that particular Friday, you won’t get the chance to ask questions or test drive the car properly because the dealership will be serving a large number of clients. You should also find out more about trade-in appraisal options. Some dealers might offer you more than others for your previous car. Choose the one with the best deal and go to them on the day of the actual purchase. That way, you dispose off your old car and get a new one at a good bargain.
2. Compare Prices
You don’t want to pay more for your dream car when you know that there’s a place where you can buy it for less. Find out about the different types of rebates offered by car dealerships. Which one offers the highest amount and how does their initial selling price compare to others? Sometimes, a dealership might offer you a large rebate amount only to realize that the selling price on their cars is quite high. You also have to find out about the different incentives offered by dealerships.
Once you know about the different kinds of rebates and incentives, you select which options are best for you. Then, you compare these alternatives to the prices of cars during that special Friday. You might actually find out that the discounted prices are not very different from the initial price if you consider the incentives. In such a case, go for the deal that gives you the most savings and allows you to get more for less.
3. Payment Options
It’s advisable that you purchase your new car with cash because it helps you save a lot. The average depreciation for a new car is 20% every year. That means, you pay $10,000 for a car, next year the car will be worth $8,000. If you take a loan that attracts an interest, you end up paying more than what you would have paid.
In case you don’t have enough money saved up to buy the car with cash, you need to get pre-approved. When you are pre-approved, the bank allows you to borrow up to a certain amount to finance your car purchase. That way, you go to the dealership knowing which cars you can afford. In addition, you can compare the interest rates from different dealers and chose the least costly one. Pre-approved loans allow you to pay attention to the selling price instead of monthly payments.
4. Be In and Out Fast
During this particular Friday, the dealerships will be crowded, and it may be hard for you to maneuver your way around the shop. Therefore, make sure that you are among the first people to get to the dealership when the doors open. That way, you can be in and out of the shop very fast.
To help you with the process, make sure that you contact the dealer the day before and tell them to prepare your new car so that once you complete the paperwork on Friday morning, you can drive off without any further delays. Alternatively, you can ask the dealership if they can deliver the car and the paperwork to your place of residence on that Friday. That way, you won’t have to go to the dealership physically.
Whether your dream car is a Ford or any other model, Black Friday is the best day for you to go buy it and get one of those sweet Ford deals. Just use the above strategies, and you’ll be okay with the purchase.