Are you thinking about buying a new car? Here are some new car buying secrets you should be aware of. To begin with, if you have cash available, it is best that you fork it out and pay it in full. Doing so will help your budget tremendously.

As much as possible, avoid listening to car sales people who claim that you should finance your car. Take note that they are merely saying this because they make a lot of money from the financing. If you are like a lot of people, you may have lost 50% of your so-called savings in the stock market crash. There are currently there are very few places that will guarantee a 3-4% investment yield. It is probable that your car loan’s interest rate will be higher than that. Paying cash will save you more money than you will earn by investing that money and paying for a car loan.

Another new car buying secret is that you should go to the dealership with all your research papers in hand. Customers who are well informed and have in their possession lists of market and trade-in values, rebates and options for financing are difficult to fool.

Do not forget that dealers make a lot of money on financing. It will help in your negotiation if you have a copy of your credit score and credit report that is within the last sixty days. Having a report will help you correct any errors present on your credit record before you attempt to get financing.

Remember that an extra point or two of interest will greatly increase the ultimate cost of your new car. But if you already have financing that has been pre-approved, even before you start car shopping, you could save a lot of money in the long run. You will also avoid dealing with unethical dealers who might claim you have a low credit score and would then give you a higher interest rate.

If you do find mistakes in your credit report, make sure you write a certified letter and send it to all of the credit bureaus, including Experian, TransUnion and Equifax. Demand that such errors be immediately removed from your file. Include all documenting evidence when you write. Be aware that there is a law which allows you to sue any credit reporting agency when it does not remove a mistake within thirty days.

It also helps if you look the part of a new car buyer. If you can, dress casually. Beware that if you look too nice, car sales people might think you are rich enough to afford an expensive car or a high loan interest rate. But if you dress too shabbily, they might not take you seriously. All in all, try to follow these new car buying secrets as they might save you a lot of money when you attempt to purchase a new car.

Are you looking for new car buying tips to help you get a great deal? Don’t accept the first offer! Be sure to visit my site for some great information on car buying.