The two easiest ways to pay less for your car

Are you in the market for a new (or a new-to-you) car? Whether you’re looking to buy tomorrow or in a few years, there are simple and effective ways to help save funds. Sure there are the classics, such as don’t believe everything the salesman tells you, talk down the sticker price, or find other competitive offers in the area.

However, there are even simpler methods to cut the price directly – and without having to rely on another person to agree. In order to pay less for your next car:

First, consider the age of the car. Rather than signing up for the latest model, get the car you want in an older version. Even with some of the deals that are popping up on brand-new models these days, cars that are at least two years old still offer more bang for the buck. With depreciation value taken into account, buyers will almost always save more by employing the two-year rule than from buying new and opting for a deal.

Next, look for a short-term loan, preferably 36 months or less. Instead of paying interest for years on end, look to pay off your car as soon as possible. This will greatly cut down on the amount of excess fees paid down the line.

Whether or not you’re currently in the market, remember these simple tips for when you do decide to make your purchase, and you’ll dramatically cut down the price of your next new car.