Let us be honest, the experience of buying a car can be intimidating
And being prepared is important if you want to be a happy new car owner driving away from the dealership lot. Unfortunately, a lot of car buyers miss the prep work and end up in a vehicle that they don’t really want. So we’re sharing the top 10 car buying mistakes, we want to help you avoid that.
Don’t miss out on the research!
Top Ten Car Buying Mistakes
Do not worry, you can do this! Only remember to avoid these mistakes in buying those cars.
1. Putting off pre-shopping study
“You have to do your homework,” as our moms told us when we were children. The same holds true when buying a car. Carrying out work before going into the dealership gives you an advantage in purchasing a car. Next, you want to narrow down the type of car you need. Is a minivan for you, or a Jeep, right? Are you at the stage of life in a sports car? Which safety features are the latest? Which ones do you think are most important? When you’re unsure about your dream car, consider visiting an auto show. There you will have all the options to check out in front of you.
You would also want to compare rates and to calculate monthly payments. Can you afford the car that you want? Be sure to remember such issues as projected gas mileage and insurance premiums to remain within your budget.
2. Not looking up the ratings of the dealership
Who hasn’t seen a film featuring a stereotyped, morally dubious car salesman? While these characters are humorous in the films, values matter in real life. For people there are reputations for dealerships. It doesn’t take long in this age of instant knowledge to study a couple of dealerships in your city. You can read online reviews or check in on social media. Such non-advertorial comments offer a good picture of this. Buying a car causes enough tension without going through any dubious characters!
If you are buying a pre-owned car, use the car’s vehicle identification number (VIN) to do a background check. Much like the Social Security number in USA and Emirates ID in UAE is the secret to so many things in life, from the moment it’s born up to the minute it’s crushed in a junkyard and going to the smelter a car’s VIN defines it. You would know where it came from, what it came with and its past as it left the dealership by tracing a VIN including (in theory) every oil change, repair, and maintenance test. Never buy a car that has lost or hidden the VIN plaque and just to be sure compare the VIN on the Monroney (window sticker) to the label on the car.
4. Not Knowing the Value of your Car
When you are preparing to trade in your old car, it will cost you thousands of dollars to turn up without doing an assessment of the vehicle beforehand. Study the vehicle online at Edmunds.com or kbb.com, given the car’s condition. Print your results, and take them to the dealership with you. And if you’re not satisfied with the value that’s being offered, consider selling your car privately by yourself. Check our Classifieds section with free ads posting options. This will get you leads direct to your phone at great prices compared to selling to any dealer.
5. Failing to Do a Full Test Drive
Test drives never last long enough, but if this is the right car for you, you do need to find out. Jumping into the new car and driving a few blocks with the salesperson won’t tell you anything. Consider how you intend to make regular use of the car. Do you want to be on the highway? Using nearby highways to drop the children off at school? If necessary, ask to drive on the kind of routes you may find in your everyday routines. When you’re going to use a car seat, then carry it along to see if it works. How does the camera to back up work for you? Could the seats move to a comfortable position? Do a checklist of your “must-have” features before you go. Check them off during your test drive. So don’t worry about seeking more driving time.
Make the test drive work for you. ?Shutterstock
6. Explore Other Options
If you feel overwhelmed by face-to-face meetings, consider trying out online car sales. Most dealerships have a platform online which helps you to negotiate the price and make a deal. It’s totally stress-free.
7. Choosing A Monthly Payment Based Car
Most of us have been there. We need a new car and we still have a pretty small budget. If this happens it seems like a smart idea to pick a vehicle based on the monthly cost. It is not so. Yeah, you do need a monthly payment that is manageable, but not if it do cost you thousands more than the car is worth. Make sure to glance at the whole photo before signing onto the dotted line.
8. Forget About The Insurance Agent
When purchasing a new car, purchase price and monthly payments are just part of the financial picture. Give your insurance agent a call before you head into the dealership. Getting an estimate of the insurance cost for the car you want in advance gives you a better picture of the financial commitment you’re about to make.
9. Failing to Shop Around for Financing Options
While it seems like a good idea to get everything done in one stop, shopping around often pays off. Dealer financing isn’t just your choice. Try consulting with your credit union or bank before you go shopping. For certain situations, pre-approval for a car loan may be obtained. You keep the cards to a good transaction because you’re ready with all the financial information you need before you go shopping.
10. Letting Emotions Steer your Car Negotiations
If you’re a good negotiator, this won’t be an issue for you. When it comes to car buying, I tend to get emotionally attached to a car which makes walking away from the deal so hard for me. After driving the car, finding the color I want and getting close to the price I hope for, I’m sold. But good negotiators aren’t afraid to walk away. Keep the emotions out of it and walk out if you don’t get exactly what you want. And never ever buy under pressure. It’s always a good idea to “sleep on it!”