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There aren’t many shopping trips that are intimidating, butheading out to the dealership to haggle over new car prices iscertainly one of them. If your mind spins when you’re surrounded bya flurry of information about new car prices, makes, models, trimlevels and options, you’re likely not in a strong bargainingposition to get the best deals. Regardless of your negotiatingskills, you can still make this experience less stressful and moreexhilarating. You simply need to arm yourself with a littleknowledge of new car prices before walking onto the sales lot of adealership.

You might be long out of school, but this is a situation inwhich those test-taking skills can come in handy. Prepare yourselfby researching prices and committing the necessary information tomemory. This way, you can rely on yourself rather than what thesales person says or the newcar prices posted in the sale tag. Fortunately, some valuableresources available online can act as a study guide – or even acheat sheet – to help you negotiate the best deals.

Here’s what you need to know to negotiate the best new carprices:

* New car prices. Know the market value and the range of new carprices available for the make and models that you are interested inpossibly buying. You might be under the impression that the MSRPposted on the window of your dream vehicle is the one and onlyprice. This is not so. The MSRP, or Manufacturer Suggested RetailPrice, is simply that – the suggested price. This may be an idealplace to start. First consider what options and amenities you wantin your vehicle. If you are not interested in a fully loaded,top-of-the-line new car, you should feel free to start negotiatingprices below the listed one. You can give yourself a better idea ofnew car prices in your area by visiting sites likenewcarprices.net, where you can get quotes from local auto dealers.In addition to your preferred amenities and your locality, youshould also research relevant rebates and remember that new carprices are often more negotiable in the slower sales months.

* Alternatives to your ideal auto. Do you want a roomy wagon? Ahardworking SUV? A sleek, sporty model? Whichever style you’relooking for, you can be sure to find competing models acrossautomakers. Be sure to explore your options. You can start byvisiting various makers’ websites to see what they offer; however,this can be tedious. There are independent sites that save you timeby letting you compare different models’ specifications, amenitiesand new car prices all in one place. When you’ve narrowed down yourchoices to a few competitors, go to the lots and have a look. Besure to take advantage of the opportunity to get new car pricesfrom dealers online to help with your comparison shopping.

* The value of your existing auto. This is important if you wantto leverage a trade of your old vehicle to get better new carprices. Again, searching online can be a great help. Visiting usedcar pricing authorities like Edmunds can help give you an initialidea of your car’s value. Its condition is a major factor indetermining its worth, so make sure it’s in the best shapepossible. Dealers might not offer you exactly what you want, butarmed with some knowledge of common prices, you can bargain moreeffectively.

* Your financing options. Doing some legwork ahead of time willhelp you ward off pushy tactics. Checking with your credit union orlocal banks can help you find the best financing deals. By havingpre-approved auto loans when youenter the dealership, you’ll have extra leverage for negotiatinglower new car prices.

* Get insured. The vast majority of new vehicles are leased orfinanced to some degree and lenders typically require that theirinvestment be protected. If you’re purchasing a vehicle for thefirst time, speak with a vehicle insuranceagent before completing the purchase to find out about premiums anddifferent types of coverage, as well as guidance on how to file aclaim. You will be required to produce evidence of new carinsurance on the vehicle before it will be authorized to leave thelot.

By doing a bit of research, from the comfort of your own home,you can make the process of negotiating new car prices lessintimidating. And when you’re driving your new vehicle off the lot,you’ll feel even better knowing you got the best deal possible.