Abc News Car Buying Tips May 2026

: Avoid being the first to buy a newly released model, as high demand allows dealers to charge MSRP or higher. Waiting a few months for inventory to stabilize can lead to better deals.

: Secure financing from a bank or credit union before arriving at the dealership. This provides a baseline rate that the dealer may try to beat with manufacturer-backed promotions. abc news car buying tips

: Contact 5 to 10 dealerships and have them bid against each other to drive the price down. : Avoid being the first to buy a

: For used cars at a dealership that aren't already certified, you may be able to negotiate for the dealer to certify the vehicle in exchange for a slightly higher price, which often includes a stronger warranty. Timing and Inventory This provides a baseline rate that the dealer

: Experts recommend putting 20% down , limiting the loan term to 4 years , and keeping total vehicle expenses under 10% of your monthly income .

: Avoid the "monthly payment" trap. Dealers often use monthly budgets to hide the true cost of the vehicle, interest rates, or expensive add-ons like extended warranties.

: This is a buyer's most powerful tool. Dealers want your money and often hate the idea of a competitor getting the sale.