Saving big without relying on new car discounts can be achieved through the following methods:
- Buy a used car: Used cars are often significantly less expensive than new cars and still provide reliable transportation.
- Avoid unnecessary extras: When buying a car, be mindful of extras like extended warranties, rust-proofing, and dealer-installed options, which can add hundreds or even thousands of dollars to the cost of a car.
- Negotiate the price: Don’t be afraid to negotiate the price of a new or used car. The initial sticker price is often negotiable, and haggling can help you save money.
- Drive your current car longer: If you’re not in dire need of a new car, consider keeping your current vehicle longer. This can help you avoid the costs of buying a new car, such as down payments, financing fees, and insurance.
- Consider car sharing or public transportation: If you don’t need a car all the time, consider using car-sharing services, public transportation, or biking to get around. This can save you thousands of dollars each year compared to owning a car.
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