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How can I save money on a new car?

Last Updated: February 29, 2008

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1. You can save thousands of dollars over the lifetime of a car by selecting a model that combines a low purchase price with low financing, insurance, gasoline, maintenance, and repair costs. Ask your local librarian for new car guides that contain this information.

2. Having selected a model, you can save hundreds of dollars by comparison shopping. Call at least five dealers for price quotes, and let each know that you are calling others.

3. Remember there is no "cooling off" period on new car sales. Once you have signed a contract, you are obligated to buy the car.

Web Resource: "www.ftc.gov/bcp/edu/pubs/consumer/autos/aut11.shtm

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