How Far Are You Willing Drive to Get The Best Deal on a New Car?

How Far Are You Willing Drive to Get The Best Deal on a New Car?

Would you go an extra mile to save an extra buck on a new car purchase? According to a new survey released by Consumer Reports, you’d be willing to go 55 miles.

Thanks to the Internet, it’s easy to compare prices, and armed with all this valuable research, it’s a great way to haggle with dealerships for a lower price. The web also offers consumers a greater range of dealerships that will fight for your business and allow you to compare prices across a larger geographic area. And if you’re willing to drive out of town, you can save a lot of cash.

Consumer Reports wanted to see just how far new car buyers would go to get the best price, so they polled 1,700 adult s whose households owned at least one car. It turns out the median distance car buyers would to drive to get the best deal on a new car is 55 miles.

But the results of the telephone survey offer a wide range of responses.  For example, about 14 percent of respondents wouldn’t drive 20 miles for a deal, but 26 percent would go the distance – at least 100 miles – to save some money. And then there’s the dedicated eight percent willing drive over 200 miles to get the best deal possible.

So if you’re in the market for a new car, go online to get quotes from the dealerships and look outside your immediate area for the best offers. Taking the scenic route could save you a few hundred dollars – totally worth the extra time on the road.

[Source: Consumer Reports]