Are You Driven to Use Social Media?

You use social media to keep in touch with family and friends, stay up-to-date with current and trending events, and even find jobs and network with other professionals. But did you know social media can also be used to help find you the best deal, including when it comes time to buy a new car?

That’s right, social media can help save you money and land you the car of your dreams.

When buying a car, most customers will say that one of the most important factors is the price.

Next to homes, cars are one of the most expensive purchases that consumers will make. Unlike houses, their value tends to decrease the second the car is driven off the lot. Resale values are low and maintenance can get expensive.

Finding the right car for the right price is top priority for car buyers.

Negotiating and Being Social Are Crucial

As the following article looks at, in order to have the most success when you negotiate the price of a new car, there are certain things you must do – both on and off of social media.

Here, we’re looking at three ways to negotiate the price of a new car:

• Do your homework – Car dealerships always mark up the price of vehicles because they know customers are going to negotiate. While you most certainly want to pay the lowest price possible, that’s not something that’s going to happen automatically. Do your homework by researching the type of car you want and how much it’s going for. Kelley Blue Book is a valuable source in finding accurate values of vehicles based on their model, make and current condition.
• Turn to social media – If you’re not extremely knowledgeable about purchasing new cars and getting the best deal, turn to your friends on social media. You can ask for their advice on buying a car and negotiating the price, ask what vehicle they recommend and even ask if there is a dealership or salesman they would recommend. Then, find those companies and individuals social media profiles and follow them. Perhaps even reach out to them and let them know you’re interested in buying a new car.
• Be willing to walk away – This is the most important strategy when learning how to negotiate the price of a new car. Before stepping foot onto the car lot, know what price you are willing to pay. If the dealer refuses to honor your price, be willing to walk away. More often than not, the car salesman will call you within a day to lower his offer or except your offer. Don’t get overly emotional when buying a car. It’s important to remember that there are hundreds of other cars just like the one you want out there. You don’t want to be stuck with a huge monthly payment or a car that’s too expensive for your budget because your emotions got the best of you.

By doing your homework, turning to social media and being willing to walk away, you’ll be able to negotiate the price of your dream car.

Photo credit: Image courtesy of Shutterstock

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