Introduction
Buying a car is one of the biggest financial commitments you’ll make. While using our Auto Loan Calculator helps you understand the monthly costs, saving money starts long before you sign the contract.
1. Negotiate the Total Price, Not the Payment
Dealers often ask, “What monthly payment can you afford?” Don’t answer. Negotiate the total vehicle price first. You can always use our Auto Loan Calculator later to see how that price fits your monthly budget.
2. Time Your Purchase
Shop at the end of the month, quarter, or year. Salespeople have quotas to meet and are more likely to give you a better deal to hit their targets.
3. Consider “Nearly New” Cars
A car loses a huge chunk of its value the moment it leaves the lot. Buying a 1-2 year old certified pre-owned vehicle can save you thousands while still giving you a reliable car.
4. Don’t Forget the Extras
Extended warranties and gap insurance are often cheaper when bought through your own insurance company rather than the dealership. Use the money you save to reach your goals faster using our Savings Goal Calculator.
5. Research Trade-in Value
Know what your current car is worth before you go. Selling it privately often brings more money than a dealership trade-in.
Conclusion
By being prepared and using the right tools at LoanLogicTool.com, you can drive away with a great car and a healthy bank account.
Professional Financial Calculators & Tools