New Car Cost Influenced by Interest Rates, Trade-In Value, and Perks

Patrick Dibre
Patrick Dibre

Managing a franchise network of automotive dealerships on both coasts, Patrick Dibre brings nearly 30 years of sales experience to his position as president and CEO of PSD Automotive Group. Patrick Dibre has led his team to achieving many distinctions, including being named one of Nissan’s Top 50 Dealers in the World.

Negotiating price and financing can sometimes be the least inviting part of the car buying process. While some shoppers are only satisfied if they haggle the seller down to a rock-bottom price, for others, a prolonged negotiation isn’t worth the hassle. With that said, it’s important to keep in mind that the vehicle sale price is not the only factor that influences the cost of the purchase. Some dealerships may offer incentives, such as extra value for your trade-in or after-sale service perks, which may be attractive to buyers.

While it’s a good idea to get pre-approved for financing from your bank so you know how much you can afford to spend on a vehicle, some dealerships may offer you a lower interest rate than the bank or other incentives, such as cash back if you finance the purchase through the dealership. Be sure to investigate your financing options before signing on the dotted line by exploring the credit application on the dealership’s website or asking to speak to the finance manager.