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Consumers don’t like negotiating car prices

A recent survey by CarFinance.com, showed that new car buyers dread negotiating the price of vehicles the most when it came to auto financing.

The survey of more than 2,000 consumers showed that getting approved by an auto finance company wasn’t as valuable as getting the lowest interest rate and lowest monthly payment, which ranked as the most important part of the process. On the other end, 62 percent said negotiating prices was the worst part of auto financing, while 57 percent said arranging/negotiating finances was the worst.

“Despite a positive lending climate and a surge in new car sales this year, the challenges of getting the best price and interest rate still preoccupy car buyers,” said Jim Landy, CEO of CarFinance.com. “These factors shouldn’t roadblock someone from getting the car they want, however. A little bit of homework can really help expand a consumer’s auto purchase and finance options, especially in this post-recession upswing.”

Total Car Score recently released its list of the Top 10 All-New Cars for 2013. Although many individuals don’t look forward to worrying about car finances, pent up demand from aging cars will still take them to new car dealers.

The Ford Fusion was at the top of the list, followed by the Honda Accord, Ram 1500, Nissan Altima and Chevrolet Malibu.

via Auto Finance News.

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