Buying a used car can be tricky, no matter how much you already know about cars. There are lots of different things to consider so that you don’t end up buying a piece of junk that breaks down right away. Use some great tips of the trade in the following article to help you make your next car choice.
Before you start shopping for a new car, decide on what you need. How much can you afford? How big does your car need to be for the amount of people you need to transport? How many miles per gallon would you like? Consider if you want a two door or four door car. Make a list of everything you want, and take that list along so you can remember everything.
Do not get your heart set on a particular model of car when you are car shopping. You need to leave your options open so that you can get the best deal possible. The exact car you have decided you want may not be the best available option at the time you are ready to buy.
Go into the dealership with a bottom line price in mind. The salesman might try to focus on the monthly payments or financing terms, but your goal should be to get the price you want on the car you want. You can always negotiate the financing terms later, or even finance with your own bank outside of the dealership.
Do not make the mistake of focusing on only the monthly payment amount when you are car shopping. This can cause you to buy a more expensive car than you can really afford. You need to focus on the total cost of the vehicle itself and whether that is a good deal.
If you are in the market for a used car, a great way to tell if the speedometer is correct is to look at the gas and brake pedals. If someone says the car has 30,000 miles on it, and the brake and gas pedals are worn, it is a good indication the odometer was turned back.
When buying a new car, check out reviews of the vehicle on the internet before going to the dealer. If people have had bad experiences with the car you are thinking of buying, you might want to choose a different one. Most new car loans are for 6 years and you do not want to have problems with the car in that time frame.
Have a budget in mind before you go car shopping. This involves assessing your monthly income and bills, and having a clear understanding of how much you can really afford to add to those. Doing this will help you to stay in budget when you make your new car purchase.
Research trade-in prices before turning over your older vehicle. If you are planning on trading in your current vehicle to go towards the purchase price of your new one, be armed with the proper value ahead of time. Checking prices online or using the Kelley Blue Book. Just make sure you are checking the wholesale price, not retail.
Never discuss down payments, incentives, or trade-ins until you’ve established an actual price on your desired car. You want these extras to reduce the price. It is to your advantage to lock in your deal prior to discussing any extras.
Bring a friend with you on your car shopping trip who isn’t personally affected by your decision to buy a car. Your friend can advise you if you’re acting irrationally. They will also be able to tell you if the car has any issues that you didn’t notice.
Check a vehicle’s overall consumer rating before you make a purchase. The great thing about consumer reports is that you can save yourself from making a bad purchase very easily. These reports can tell you how much you should expect to spend on repairs and how long the vehicle will last on average.
Know what is on your credit report before you attempt to purchase a vehicle. It will be used against you, and if you don’t know what’s on there, then they can manipulate the information to use it against your further. Stay well-informed, and make sure that they can’t get one over on you.
A dealer with a great reputation may offer you a better deal than one which advertises great prices. You may find that a dealer who people like to buy from offers perks which aren’t available elsewhere, including reduced pressure sales tactics and lower overall price due to freebies thrown in to the sale.
Understand that introductory terms are just that, introductory. Therefore, know what to expect afterwards, and assess your budget to make sure that it accommodates it nicely. If you don’t, you could find yourself getting duped by one of the oldest tricks in the book. Don’t let that happen to you!
If you’re purchasing a used car, don’t sign any as-is warranties. This is a decision that you will regret. There should at least be a warranty for 30-90 days when purchasing a used car. If something malfunctions after you drive the car off into the sunset, you’re responsible.
Look online for prices nearby as well as in the city where you live. Prices differ from zip code to zip code so make sure you find the best deal. Looking at price trends online will help to give you an idea of which cities offer the best prices.
Even if you have had your heart set on buying a particular vehicle, try to keep an open mind. There are many people who get so fixated on one car that they allow better deals to slip through their fingers. Look at other cars that are similar to the one you want since they may be a better fit for you.
As you now know, there are many things to consider when purchasing a used car. There are lots of different warning signs to look out for, but if you take the time and do your research, you can end up with a great car that will last for years to come. So go out there and find your next dream car!