Buying a Used Car Before you start shopping for a used car, do some homework. Buying Your New Car If you're in the market for a new car, then these practical ideas will assist you in your new car purchase. Researching Your New Car Buying a new car is an important decision, and there is much work to be done before you visit a dealership. What is a Vehicle Identification Number? The Vehicle Identification Number is commonly found in the door frame of the front doors, on the vehicle's engine, around the steering wheel, or on the dash near the window. Take the Rebate! Manufacturers often market vehicles by offering a rebate or exceptionally low financing. Should you take the rebate or the special financing? Nine Facts about the New Vehicle Sales and Excise Tax Deduction Taxpayers who buy new motor vehicles this year may be entitled to a special tax deduction for the sales or excise taxes on those purchases when they file their 2009 federal tax returns next year. The Myth of 0% Financing Don't fall for it! Financing only affects the interest you'll pay on your vehicle loan, not the total price. Rebates can bring your total price down and you'll pay less for the same car.