Do you want a shiny, new car in your driveway? Are you worried about how hard it is to buy one? We wrote this article with you in mind, and the advice here will make buying your next car a process which you not only enjoy, but leaves you with an amazing car at a great price.
You need to know as much as you can before buying a car. You will have a negotiating advantage if you understand their trade and financing practices. Keep in mind that you can also protect yourself by reviewing previous customer reviews.
Bring a friend on your shopping trip. They can listen, see and even help you figure out problems. They could be a parent, a friend, or a spouse.
Talk to friends and family about what they have heard. Do they enjoy their cars? Are they feeling buyer’s remorse and wish they had gone in a different direction? Are they hearing good things about other cars on the market? This gives you trustworthy information to go on.
Before signing any contract take the time to read every line, including the fine print. If there is anything listed that you do not understand, do not sign until you get an answer that you understand. Unsavory salesmen can use a contract to insert many fees that were not discussed.
Be flexible. While you should head to the car dealership with a good idea of what you are looking for, it can pay to have a little wiggle room. Try to have several makes or models that fit your needs, and you can choose the best deal when you find out what is available at your particular dealer
Never show up at the dealership driving a luxury vehicle. The sales staff will see that car and decline your rock bottom offers, unless the car is one you plan to use as a trade-in.
Due diligence should be exercised when planning your car budget. It is imperative that you take a full and realistic look at your budget. Not only must you consider a car payment, you must also consider insurance, gas and maintenance for the vehicle. There is nothing worse than having a vehicle that you cannot afford to drive.
Once you have found the perfect car, ask for a vehicle history report. A vehicle history report will list any instances that the vehicle has been involved in. If your dealer does not offer this service, you can purchase one yourself online for a nominal fee. This report will help you avoid purchasing a car that has been in a wreck.
Find out how much it will cost to insure a specific vehicle before you purchase it. Insurers charge a lot more to insure sports cars than other vehicles. Even the color of the car can influence the insurance cost. To guarantee that you are not surprised once you have already paid for the car you must do your research.
Whenever buying a certified pre-owned vehicle, try and find out what the return policy is, or even if one exists. If one does, make sure you understand how long it is and whether or not you will get registration and licence fees refunded along with sales tax for the vehicle.
Make sure you know what you are signing. Later on, you may be hit with fees you weren’t expecting, but were spelled out in the contract. By the time you start signing papers you are ready to be out on the road, but take the time to read the paperwork that you are signing before you leave.
Check your credit score before you head to the dealership to make a car purchase. Even if you are doing well financially at this time, you may not be able to afford the high finance charges that are associated with less than stellar credit. It would be difficult to go to a dealer, fall in love with a car and then fond out you cannot afford the finance charges.
If a dealer offers to give you, a used car that is similar to the new car you are interested in, make sure to check the value of that car first. Go home and take a look at some online pricing guides to help. Sometimes these really are great deals, but sometimes it is a bait and switch practice used to get used cars off the lot.
If you are a female shopper and feel as though the dealership is looking down on you, exercise your right to shop elsewhere. Many dealers still have the idea that women are uninformed emotional shoppers. Prove them wrong by informing yourself and dealing only with salesmen who respect you regardless of gender.
Break down all of your different negotiating points based on the different profit centers that the dealer has. This means you should be negotiating on price, warranties, interest rates, trade-in value and anything else that is up for negotiation. Taking this approach will get you the best overall value for the car you choose to purchase.
When negotiating terms of a car note, think about your budget seriously. Don’t max out your budget with a car payment or settle for what you can afford. Undershoot the payment, so you can pay more each month, saving yourself on interest and paying the car off much faster.
Understand that dealerships gain a commission on financing the cars they are selling. Some dealerships will offer you a great rate, asking you to sign paperwork and then later tell you that you do not qualify for that rate. In some areas, you might be committed to the purchase, even at a higher rate. This is a costly mistake, and one you should always avoid.
It isn’t too hard to buy a car now, is it? You just needed the right advice to make you a confident buyer. Take all this knowledge and use it in your buying adventure, then share it with loved ones to ensure they have the best possible car shopping experiences, too.