Abc News Car Buying Tips May 2026

: Avoid being the first to buy a newly released model, as high demand allows dealers to charge MSRP or higher. Waiting a few months for inventory to stabilize can lead to better deals.

: Be wary of 72-month or 84-month loans. While they lower monthly bills, they increase total interest paid and keep you "underwater" (owing more than the car is worth) for much longer. abc news car buying tips

: Avoid the "monthly payment" trap. Dealers often use monthly budgets to hide the true cost of the vehicle, interest rates, or expensive add-ons like extended warranties. : Avoid being the first to buy a

: Experts recommend putting 20% down , limiting the loan term to 4 years , and keeping total vehicle expenses under 10% of your monthly income . While they lower monthly bills, they increase total

: Former dealership professionals suggest negotiating over the phone to keep the decision analytical. It is much easier to hang up when a dealer "plays games" than it is to walk away when sitting in front of someone.

: This is a buyer's most powerful tool. Dealers want your money and often hate the idea of a competitor getting the sale.