edmunds car buying guide
Edmunds Car Buying Guide: How to Find the Best Deal on a New or Used Car
If you are in the market for a new or used car, you might be overwhelmed by the number of options and information available. How do you know which car is right for you? How do you compare different models and features? How do you negotiate the best price and financing terms?
Fortunately, there is a reliable and comprehensive source of car buying advice that can help you make an informed and confident decision: Edmunds. Edmunds is a trusted online platform that provides expert reviews, ratings, comparisons, pricing, and tools for car shoppers and owners. Whether you are looking for a sedan, SUV, truck, hybrid, electric, or luxury vehicle, Edmunds can help you find the perfect match for your needs and budget.
In this article, we will explain how to use Edmunds car buying guide to find the best deal on a new or used car. We will cover the following steps:
- Research and compare cars
- Find local inventory and pricing
- Get trade-in and financing offers
- Contact dealers and schedule a test drive
- Negotiate and finalize the deal
Research and Compare Cars
The first step in the car buying process is to research and compare different cars that interest you. Edmunds makes this easy with its extensive database of car reviews, ratings, specifications, features, photos, videos, and more. You can browse by category, make, model, year, price range, fuel type, body style, or other criteria. You can also use the Edmunds Car Finder tool to narrow down your search based on your preferences and priorities.
Once you have a list of potential cars, you can compare them side by side using the Edmunds Compare Cars tool. This tool allows you to see how different cars stack up in terms of performance, safety, reliability, comfort, technology, fuel economy, and value. You can also read user reviews from other car owners who share their honest opinions and experiences with different models.
Find Local Inventory and Pricing
After you have done your research and comparison, you can find local inventory and pricing for the cars that interest you using the Edmunds Inventory tool. This tool shows you the available cars for sale near you from certified dealers. You can filter by distance, color, trim level, options, mileage, condition, and more. You can also see the Edmunds True Market Value (TMV) for each car, which is an estimate of what other buyers are paying in your area.
The Edmunds TMV is a valuable tool that can help you negotiate a fair price for your car. It takes into account the current market conditions, supply and demand, dealer incentives, rebates, fees, taxes, and other factors that affect the final price of a car. By knowing the TMV of your car, you can avoid overpaying or underpaying for it.
Get Trade-In and Financing Offers
If you have a car that you want to trade in or sell as part of your deal, you can use the Edmunds Trade-In tool to get an instant offer from a participating dealer. This offer is based on the condition, mileage, features, and history of your car. You can either accept the offer and apply it toward your new car purchase or decline it and sell your car privately.
If you need financing for your new car purchase, you can use the Edmunds Financing tool to get pre-qualified offers from multiple lenders. This tool allows you to compare different loan terms and interest rates from banks, credit unions, online lenders, and dealers. You can also use the Edmunds Auto Loan Calculator to estimate your monthly payments based on your loan amount, down payment, trade-in value,
and loan term.
Contact Dealers and Schedule a Test Drive
Once you have found the car that meets your needs and budget,
you can contact the dealer directly through Edmunds.
You can request a price quote,
or schedule a test drive.
You can also use the Edmunds Shopper Assurance program to get transparent pricing,
flexible test drives,
and home delivery options from participating dealers.
Before you visit the dealer,
make sure to bring your driver’s license,