Most people love new cars, but many hate the prospect of having to go shop for one. Given the substantial expense involved, preparing to buy a car requires a good bit of research in advance of your shopping trip. The article that follows below contains terrific guidance for anyone looking to buy a vehicle.
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.
Take an extended test drive. Don’t just take it for a quick spin through the neighborhood by yourself. Instead, enlist everyone who will be regularly riding in the car to share their opinions. Ask the dealer for a full afternoon test drive so that you have the chance to take it on the freeway to check things like the pickup and the blind spots, and spend some time really feeling the comfort of the interior.
Read all of the fine print that is on the contract for the car you want to purchase. Even if you think the car salesman is being perfectly honest with you about everything involved, you need to make sure you are not signing anything that you will have regrets about later.
Get a vehicle history report for any car you are seriously considering. All you need is the vehicle identification number (VIN). This report can tell you about the car’s accident and repair history, as well as whether the car has been in a flood or other disaster. Some sites allow you to pay for a one-month subscription, which is handy if you will be pulling reports on multiple vehicles.
If you don’t have friends or family in your area to ask for advice from, check the Better Business Bureau’s website to find out how the dealers in your area are dealing with customers. This will allow you to at least remove those with many complaints from your list of options.
How the staff at a dealership treats you when you arrive and thereafter show a lot about how they work. If the same salesperson takes you from start to finish, you have a good lot. If they pass you off to a high pressure “closer,” you might want to head to another location.
Check online for prices within your local area and any cities nearby. You may be able to find a cheaper price in another city because often, different zip codes have different prices. Researching prices online can help you figure out where to get the lowest price.
Do not try negotiating unless you see the car that you want is available. He might tell you that he can get it in for you, but you do not know if it will be the exact one you want. You do not want to waste your time negotiating for a car that you do not really want.
If you are planning on using your current car as a trade in, don’t let the dealer know right away. Your first goal is to negotiate down the price of the car you wish to purchase. Information like trade-in value is valuable to the salesman, so keep it to yourself until the right moment!
Be aware that advertising fees are sometimes tacked on to the price of a car. You should not have to pay money for that fee at all! If they insist, tell them you’ll walk. In many cases, the salesperson will accommodate you rather than risking the loss of a sale.
Be responsible when buying a used car. Even if all the statistics on the brand and model you are buying are excellent, you do not know how the car was maintained. Get a qualified mechanic to check it for you. They can spot major issues that you need to avoid before purchase.
If you are considering purchasing a car from a private seller rather than from a car dealership, make certain that the person selling the car has the authority to transfer ownership. While there are methods of transferring ownership if a car is financed by a third party, this process will frequently add steps to your purchasing of the car.
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.
Ask the car dealer about the previous owner. The previous owner’s age alone can usually tell you a lot about how the vehicle would have been driven and cared for. For example, teenagers are notorious for not getting repairs when they are needed and usually have a small accident or two.
Decide on at least three different models that you like and shop for each one to net you the best deal. This will allow you to negotiate three deals and then choose the one that fits you best. Although this will take time, you can rest assured that you will get the best deal possible.
When you’re purchasing an older vehicle consider other sources for needed financing in order to avoid having to carry collision auto insurance coverage on a vehicle where it might not pay to have such coverage. Non-car loans or coming up with the cash on your own are ways of avoiding having to carry collision auto insurance coverage.
Once you narrow your list down to a few models, go for a long test drive. Test the cars on literally every surface you plan to drive them on. Take it on the highway, city streets, park it in a crowded mall parking lot, drive it to the school, your work, your home. This is the only way to truly know what it offers.
The task of shopping for cars can be daunting, scary and of course, quite expensive. In order to make the most of the experience, it pays to conduct sufficient due diligence before heading to the dealership. Hopefully the information and guidance found above has provided you with the confidence you need to get the ball rolling.