Source: Pixabay Purchasing a car is a big commitment and a significant financial investment. A car is never considered an impulse buy unless you’re rolling in cash. According to a 2021 Statista research, new car buyers in America spend around 5 hours and 22 minutes researching their prospective vehicles. While it’s lower than the previous years, it’s still a considerable time spent on research. However, learning what a car, truck, or SUV has to offer is just the tip of the purchasing decision.

Photo by Felix Fuchs on Unsplash A dealer holdback is an amount of money that a car manufacturer effectively charges a dealership when they buy the car but then repays to the dealership at the end of the quarter or the year. This amount is typically around 3% off the MSRP of the vehicle, according to Edmunds. So, why would the dealerships be okay paying extra money to the manufacturer now only to get it back later?

Image by Gerd Altmann from Pixabay Getting a new car can be exciting, but there’s a lot about the process that people don’t enjoy. One of the biggest reasons a lot of people don’t like buying a new car is the haggling and the uncertainty of whether they got a good price on their vehicle. If you don’t haggle with a car salesperson it can feel like you’re getting swindled, especially if you know someone who got the same vehicle for less.

Source: Pixabay Certified pre-owned (CPO) cars offer an ideal middle ground for auto shoppers. It’s a new-ish vehicle without the new car price and comes with a factory-backed warranty. Let’s explore CPO essentials and find out how much can you negotiate off a certified pre-owned car. What Is a Certified Pre-Owned Car? Before going further, let’s review what makes a certified pre-owned car. A CPO program provides extended warranty coverage for an automaker’s pre-owned vehicles that have passed an inspection process.