You need to buy a new car! That’s good, but do you know about the common mistakes car buyers make? The following tips will help you navigate your way through the shopping process so that you can get a great deal on your next vehicle.
If you can’t afford it, don’t be persuaded by a talented salesman. It is imperative to stay firm and in control while car shopping. Salesmen earn money on commission, and some salesmen put their own financial gain before your best interests.
If you pay the sticker price, you are basically throwing money at the dealer. You should not need to pay the car’s full retail price. They get inflated on purpose so that the customer can negotiate, so take advantage of that.
Research the car you have chosen online before making the trip to the dealership. You should try to save your dealership trip until after you’ve decided on the type of car you want. Do online research to find out the specifications and rating that are important to you.
Monthly Payments
When you haggle, do not focus on the monthly payments, but on the total purchase price at the end of the terms. Monthly payments are flexible, but the total price is more rigid. Pay attention to the total price. Focus on negotiating a great price first. Once you have done that, determine what the monthly payments will be.
If you’re shopping for a used car, try to have it inspected by a mechanic not from the dealership. If the seller or dealer declines, take your business elsewhere. Good mechanics will be able to see major problems like previous wrecks or water damage.
As stated before, car purchases are filled with easy to make mistakes. Make sure to use the information provided in the article above so that you end up with a car you are happy with. Good luck finding that reliable vehicle!
Tags: car lot, car shopping, gas mileage, monthly payments, online research, pay attention, sticker price, TIP, total price