Ways to help you successfully navigate a tight market for new cars

The first thing you should try to do is get pre-qualified for your financing

Auto dealers have fewer new cars for sale and lately those available are often selling for more than the sticker price.

If you’re in the market for a new car, the first thing you should try to do is get pre-qualified for your financing.

Getting the best rate you can ahead of time gives you some leverage when it’s time to work out a deal.

Next, be willing to travel to find a car. You may have to expand your search to dealers outside your immediate area.

Also, try to maximize the value of the car you own right now when either selling it or trading it in. Used car prices have been hitting record highs and dealers have been hungry for trade-ins.

All of that should work in your favor and help you chip away at the cost of a new vehicle.

If possible, be flexible with your choice for your next vehicle -- SUVs and pickup trucks are incredibly popular but, you may find better deals on less popular models like sedans.

Finally, if you would prefer to wait for the hot new car market to cool off, consider refinancing the loan on the vehicle you already have.


About the Authors:

Roslyn Jimenez is a news producer at KSAT. Before joining the team, she was a producer and video editor at KIII-TV and a radio intern in Corpus Christi. She graduated from Del Mar College with an Associate's degree in political science and liberal arts. Roslyn is family-oriented and loves spending time with her fiancé and chihuahua Paco.

RJ Marquez is co-host of KSAT News Now and reports for Good Morning San Antonio. He's been at KSAT since 2010 and covered a variety of stories and events across the San Antonio area. He also covers the Spurs for on-air and digital platforms, including his Spurs newsletter. RJ has reported stories for KSAT Explains.