Abc News Car Buying Tips -

: Be wary of 72-month or 84-month loans. While they lower monthly bills, they increase total interest paid and keep you "underwater" (owing more than the car is worth) for much longer.

: 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

: Reference resources like Edmunds or Kelley Blue Book to determine the True Market Value (TMV) and invoice price before visiting a dealer. Budgeting and Financing : Be wary of 72-month or 84-month loans

: 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

: 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.