In buying property, realtors will often say that the three most important things are location, location, and location. However, you might be surprised to find out that this philosophy also applies somewhat to buying a car as well. If you are thinking about buying a car and are willing to travel, there are definitely deals to be had in certain cities. For example, in the Orlando/Tampa area, cars tend to average about 10% less than the MSRP. Other cities worth looking at include Washington DC, Atlanta, Newark, and Los Angles, all which normally have car sales prices of 9% less than MSRP.
If you’re thinking about travelling to buy your next vehicle, it’s important that someone local is available to help you do the shopping. Have a friend or relative take the vehicle out for a test drive. Even better, if the car is used have them take it to a local mechanic to give it a once-over.
If you want to get a good deal but a longer road trip isn’t possible, consider going to the outskirts of the city where you live. Often dealers on the outer edges of metropolitan areas have lower prices because they have to compete with dealers in more convenient locations. However, don’t get too remote! Dealers who are in rural locations tend to have higher prices because they have less competition.
Remember that even if you choose to buy remotely, you can still finance locally. You have the option to obtain an car loan from a third party, such as a financial institution, and then take their check to the dealer or seller. Because you’ll be approaching them as a cash buyer, you might even be able to negotiate a lower price.
There is the additional expense of the trip, hotel stay and food expenses to consider when buying remotely. However, you may find it is worth spending a hundred or two to save thousands. Online websites are your best friend when shopping for cars in a different city. Do a little digging and see what treasures you can find! You may be surprised at what kinds of discounts are available.