3 Types of Discounts When Buying a Car

Do you feel that you have been ‘cheated’ in the recent car purchasing activities that you had? Or are you afraid that your next car buying activity might be disastrous. Fear not as there are several car discount negotiation guidelines that you can follow to get the best car deals in town.

It might be surprising for us all but there are actually several types of discount that one can opt for while shopping for a new car. Usually, a car buying process consist of several small deals that might not look important at the first glance, but while adding it up all together, the discounted price can be more than 10% from the overall price. So let’s take a close look at all the discounts that are available.

1. Dealer discount

This is a discount that is offered by the manufacturer or dealer. Technically, when a new car is being launched, usually there are deals and offers associating with it. But you have to remember that discounts cannot be obtained when a new car was just launched and if the demand for that car is sky high even after a few months. The usual strategy conducted by the dealer is to provide such discounts prior purchases, and if you would like to max it, you will have to negotiate further. Unless if the car is very popular, a discount of 1 to 5% can be given to you, at times you can get 10 to 15% if the car is not selling well.

2. Corporate discount

If you are currently employed in a MNC or a reputable firm, chances of you getting a car discount is higher. Corporate discounts are usually practised to promote car sales in a big organisation. Though you are uncertain about the rates and availability, all you need to do is ask. Usually, car manufacturer offers a wide range of corporate discounts ranging between 1 to 5 %.

3. Loyalty discount

In order to promote loyalty among the customers, manufacturer often provide loyalty bonus to their current and existing customers. If you are a customer or already posses a car from the same manufacturer, you are then eligible to enjoy such privileges. But not all the manufacturer agreed on such terms, therefore you will have to ask beforehand in order to locate the discount and loyalty program that are practised while shopping for a car.