Do Your Research. Knowledge is power. Arriving at a car lot without first researching the car you want to buy is a mistake. You can find out just about anything you want to know about a car online. Edmunds.com, Consumer Reports, and Kelley Blue Book (KBB) are great places to start researching cars in your price range. If you?re considering buying a new car, your goal is to find the ?invoice? price, not the MSRP. The ?invoice? price is what the dealer paid the manufacturer for the car. This research will come in handy once the price negotiations begin. If you?re thinking about buying a used car, research the recent resale prices for that specific car model. This data will give you major bargaining power. If you plan to trade in your current car, research market values for your vehicle too. Knowing the value of your trade-in can also be a powerful bargaining tool.
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