Here are 8 helpful tips to follow when buying a new car.
1) Know What You Want
Begin the process by searching for cars that fit your lifestyle. Perhaps there is a certain type that you prefer, such as a sedan, hatchback, or crossover SUV. Have an idea of what you truly want before you start researching makes and models.
2) Know What You Need
Your lifestyle will play a large role in the type of vehicle that you need. If you have a family, you need something will plenty of space. If you have a lengthy commute, you will need a vehicle that offers good gas mileage.
3) Set a Budget, Stick to it
Run the numbers before you start browsing at cars so that you can make a budget. Find out how much you are able to afford each month for a payment. If you can put cash down, decide how much, and also see what value a trade in could get you.
If financing is the way to go, you will want to be sure that the monthly payment works for your budget, and consider the length of the loan. Remember that it will likely be several years before a new car is paid off in full with financing.
4) Take Test Drives
Trusted dealerships are always happy to let potential buyers take cars our for test drives. Take a variety of models out on the road, and even consider driving different cars of the same make and model to get a feel for how they handle. You may find out that the car who had your eye on isn’t such a great ride after all. You could also discover that a different type of vehicle is more comfortable for you.
5) Don’t Give in to Pressure
Unfortunately, some dealers will use high pressure sales tactics in order to make a sale. Be friendly, but firm when dealing with an uncomfortable situation. Make it clear that you are not ready to commit to a car, and always negotiate a lower price. Salesmen are already prepared to hear offers, and they know that most buyers won’t be offering up the sticker price.
If you aren’t a confident negotiator, bring along a friend or relative who is. They can ask the tough questions and make a deal with confidence. A good sales person will entertain all of your questions and concerns, and they should be ready to offer you a deal that makes you both happy.
6) Be Okay with Walking Away
There are many cars out there for sale, and a smart consumer needs to be okay with walking away from a bad deal. It’s best not to get your heart set on a specific vehicle before you sign on the dotted line. Keep your options, and trust your initial instincts. If you take your dream car for a test drive and discover that it really isn’t what you want, be flexible. Look at other makes, models, and vehicle types.
7) Figure out Financing
If you need to finance a new vehicle purchase, you have several options. Assuming that you have fair to good credit, you may be able to get financing through your bank. Dealerships also work with lenders, and they can offer you financing options, as well. It is worthwhile to check with the bank first, because they may offer a lower interest rate and more favorable repayment terms.
8) Research, Research, Research
The Internet makes it easy to your research before making any big purchases today. Not only can find info about cars, but you can also read reviews of local dealerships and examine warranties. There is a wealth of information available to consumers, so take the time to research all of the cars that you’re interested in.
Find out details like safety ratings, recent recalls, and safety features. You can also find special pricing offered online by some dealerships. Many also have photos and updated inventory listings on their site, and you can contact them right away to get further info