Purchasing a car is one of the biggest financial commitments that most people make in their lives. With such a large amount of money on the line, you want to ensure that you get the best deal you can find. Many people make some common mistakes when engaging in the car buying process.
Focusing on Payment
When buying a new car, one of the biggest mistakes that you can make is focusing on the monthly payment instead of the total price. There are many different things that a sales representative can do to lower the monthly payment for you without lowering the actual price. This could end up costing you a lot more money in the long run. Focus on negotiating the price of the car first, and then worry about the financing later.
Not Shopping for Financing
Before buying a car, you need to shop around for the financing first. Many people make the mistake of going into a dealer and taking any offer that the dealer gives them. In many cases, you can get a better deal for the financing from an outside source. Treat every aspect of the sale as if it is a different process. Work with the dealer to get the best bottom-line price for the car. Shop around for the financing, and then use the best deal to pay for the price that you have negotiated.
Avoid Add-Ons
When you buy a car, you may feel good about the price that you were able to negotiate. But while you may have received a good deal, the car seller may be able to get more money out of you. If you are not careful, the seller will try to add on many different items. For example, he may try to sell you an extended warranty or some other type of plan for maintenance that you do not really need.
Rushing
When buying a car, you need to take your time and make sure that the purchase is right for you. Car dealers are all about trying to get you to buy immediately. They want you to act with your emotions instead of thinking things through. It is generally a good idea to go home and think about the deal before moving forward. This will give you some time to consider every angle. Do not believe dealers if they tell you that you cannot get the same deal tomorrow.
0 comments:
Post a Comment