Want a new car? Do you know what to look for when purchasing a car? 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 pay the sticker price, you are basically throwing money at the dealer. You should never have to pay the advertised price for a car. Dealerships inflate prices to give room for negotiations and to give you the impression you are getting a good deal even though they only give you a small discount.
You want to stay focused on the total price, not monthly payments. The dealer can set the monthly payments at any amount, but this will extend your terms, resulting in a very high purchase price. Get the best deal you can on the total cost of the car. Once you have done that, determine what the monthly payments will be.
Ask to have the car looked at by your personal mechanic before you purchase it from a dealer. If they refuse, go elsewhere. A mechanic will help you identify issues and recognize signs of a wreck if you are purchasing a used car.
Have conversations with those you know about what they might know personally. Are they happy with the car choices they made? Do they regret their purchase? Do they know anything about the latest cars to hit the market? When you’re looking for a vehicle, this is one way for you to figure out where you can go in your search for a new or used car.
Do not buy a car without test driving it. Even if you’ve already test driven this exact brand and model, you must know if it drives well. Sometimes, you may notice a defect that you did not anticipate.
If you have been considering a new car purchase, your first step should be shopping for a car loan. This can provide you with important peace of mind. Many times the finance department of a dealership can find better rates than your bank. You should have an idea of what you would like your interest rate to be before you start shopping.
Don’t talk about down payments, incentives, or trade-ins until the car has a firm price you want. All of this should come out of your agreed bottom line. Negotiating first can get you a better price, and then you can discuss these little “extras.”
Ask the dealer to let you have the vehicle inspected by the mechanic you have. Find your own reputable mechanic, and don’t settle for one the dealership offers. Don’t use the mechanic that the dealer suggests. A good mechanic can help you determine whether or not the vehicle is priced reasonably and free of defects.
Do not mention your trade-in right away. Don’t reveal that you want to trade in your old car until the end of the deal. The value of the trade
-in will almost certainly be added into your purchase price if they know you have one before you start negotiating.
Go over every inch of the car you wish to buy. Be sure to look for any dents or scratches on the outside of the car. Closely inspect the interior for upholstery problems or stains. Do not forget that once you make the purchase, the car belongs to you. So any rips, tears, scratches or dents are your to keep.
If you have a certain model in mind, call to see if there is one on the dealer’s lot. Otherwise, the salesman will try to get you to buy something you may not want. If a sedan is your cup of tea and the dealership has none, you’ve wasted your time. It takes only a few minutes to call in advance.
Making mistakes while shopping for a car can cost you a lot. Use what you learned here so you can have a vehicle you enjoy. Have fun shopping for your next vehicle.