After a trend that saw splurges on high-end car models, shoppers are now favoring vehicles under $50,000.
However, it can be hard to find cars under that price point.
To save money at the dealership as a value-conscious consumer, you can follow some general steps.
One of the best steps you can take is to use an auto loan calculator so that you can determine your budget and stick to it.
Expand your search beyond your local area, as this can provide more inventory options and bargaining power with dealerships.
Secure the price by getting it in writing before even going into the dealership office, as a refusal from the dealer to do this can be a big red flag.
Dealers can increase their own profit by offering interest rates higher than necessary to consumers, so don't rely on a dealer's financing offer.
Obtaining pre-approval for an auto loan, whether from a local bank, credit union, or online lender, is a wise step before visiting the dealership.
Follow these steps to give yourself the best chance at finding an affordable ride. Happy shopping!