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Three strategies to help get good deal on new car

With the economy stumbling and prices high at the gas pump, it might be a good time to buy a new car. From Kiplinger.com, here are three strategies for getting a good deal:

• Set a target price. Your target price should be between the sticker price and the dealer cost. What you end up paying will likely depend on the demand for the vehicle you're looking at. Consumer Reports and Edmunds.com can help.

• Choose the right discount. If given the choice between a cash rebate or low-rate financing, a $1,000 rebate will be worth more if the financed amount is anywhere less than $15,000. Cut-rate financing becomes more advantageous at higher loan levels.

• Sign up with a club. Various warehouse clubs, such as Sam's Club, as well as groups like the American Automobile Association allow you to join car-buying programs. These programs will give you a discount off the sticker price without having to negotiate.

With the economy stumbling and prices high at the gas pump, it might be a good time to buy a new car. From Kiplinger.com, here are three strategies for getting a good deal:

Get the full article here.


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