Everyone wants to get a great deal on their car, whether they’re buying new or used, or leasing. I recently purchased a body-on-frame SUV (a white Toyota 4Runner) to have a practical car that I can drive into the ground. And I fully intend to keep it for at least 250,000 miles. In a way, I view this as a challenge. Can I break the thing before it gets to a quarter million miles? Maybe not, but I sure will try.
Kidding aside, I wanted to get the most value out of the 4Runner, and that meant getting the lowest purchase price that I could for it. The less you pay, the lower your per-year or per-mile cost of ownership is, and the more cash you’ll have left over.
In this post we’ll go over the strategies that will help you get the best deal on a new car. We’ll approach this by looking at the normal progression of the buying process, and I’ll illustrate the steps with recommendations and lessons from my own experience.