Terry Nelson photo

Terry Nelson, CFP®, ChFC®, CASL

 

Olmsted Financial Group

3428 Lakeridge Pl. N.W., Suite 120

Rochester, MN 55901

 

Phone:   507-281-1262

Cell:        507-250-3967

Fax:         507-281-9131

 

Email: Terry@OlmstedFinancialGroup.com

 

                                                       

 

May/June 2026

Savvy New Car Shopping Tips

Young and cheerful woman enjoying new car hugging steering wheel sitting inside. Woman driving a new car.

Memorial Day weekend kicks off summer— and some of the year's best car deals! Dealerships clear out older inventory to make way for new models, offering rebates, low APR financing, and lease specials.


Research ahead: Deals often start weeks early. Check manufacturer sites and tools like Edmunds or CarsDirect for current incentives—expect cash back, 0%-low rates, or military bonuses.


Get pre-approved: Obtain financing from banks or credit unions first to improve your negotiating position. Target outgoing models: Previous-year vehicles typically receive the largest discounts to clear inventory for new arrivals.


Shop midweek: Avoid crowded weekends by visiting on Tuesday or Wednesday for more salesperson attention and flexibility.


Negotiate smartly: Prioritize the out-thedoor price over monthly payments alone. Request quotes from multiple dealerships via email.


Test drive thoroughly: Make sure the car meets your needs, not just the deal.


With preparation, you can drive away saving thousands. Act fast—top offers end soon after the holiday!


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