Top 5 Car Buying Mistakes to Avoid
Buying a car is fun and it’s very easy to get caught up in all the excitement. You drive off the lot with a big grin on your face, but then a few days later realize you overpaid for your new car because you made one of several common cars buying mistakes. That’s when reality strikes and sadly find out it’s too late to do anything about it. LET’S BE REAL, THE CAR BUYING EXPERIENCE CAN BE INTIMIDATING. So being prepared is crucial if you want to drive off of the dealership lot as a happy new car owner. Unfortunately, many car buyers skip the prep work and end up in a car they really don’t like. We want to help you avoid that, so we’re sharing the top 5 car buying mistakes.TOP FIVE CAR BUYING MISTAKES
Don’t worry, you’ve got this! Just remember to avoid these car buying mistakes.Skipping the Pre-Shopping Research
Like our moms told us when we were kids, “You have to do your homework.” The same holds true for buying a car. Conducting research before heading to the dealership gives you a car buying advantage. First, you’ll want to narrow down the type of car you need. Is a minivan right for you or an SUV? Are you in the sports car stage of life? What are the latest safety features? Which ones are most important to you? If you’re not sure what your ideal car is, consider attending an auto show. There you’ll have all the options in front of you to check out. Next, you’ll want to compare prices and calculate monthly payments. Can you afford the car you want? To stay within your budget, be sure to consider things like estimated gas mileage and insurance premiums.Falling in love with a specific model
When spending tens of thousands of dollars on a car, emotion shouldn’t rule the day. Becoming infatuated with a single model can blind you to alternative vehicles that may be better for your needs or make you skimp on thoroughly researching a vehicle’s ratings, reviews, reliability, safety, and pricing information. A wide-eyed approach can also leave you more susceptible to a salesperson’s tactics to get you to pay more than you should. To determine which vehicle is best for you, you should set emotion aside and focus on doing your homework, comparing different models, and assessing your real wants and needs. There will be plenty of time for emotion after you’ve bought the vehicle.Failing to do a Proper Test Drive
Test drives never last long enough, but you still need to figure out if this is the right car for you. Jumping in that new car with the salesperson to drive a few blocks isn’t going to tell you much. Consider how you plan to use the car on a daily basis. Will you be on the highway? Taking local roads to drop the kids off at school? Ask to drive on the type of roads you’ll encounter in your daily routines, if possible. If you’ll be using a car seat, bring it along and see how it fits. How does the backup camera work for you? Can you adjust the seats to a comfortable position? Before you go, make a checklist of your “must-have” features. Check these things off during your test drive. And don’t be afraid to ask for more driving time.Also Read: Pros and Cons: Is the 2022 Subaru Forester a Good SUV?
Negotiating down from the sticker price.
Don’t use the sticker price as your gauge when negotiating a deal. A salesperson may offer you a deal that’s, say, $500 below the sticker price, and many consumers will conclude, often mistakenly, that they’re getting a good deal. Unless the vehicle is in big demand and in short supply, you can often get an even lower price by negotiating up from what the dealer paid for the vehicle. When you know the dealer’s true cost, you’ll know how much profit margin it has to work with and can determine a reasonable target price with which to begin your negotiations. You can calculate the dealer’s cost by subtracting any behind-the-scenes sales incentives, such as dealer rebates and holdbacks, from the dealer invoice price. Consumer Reports New Car Price Reports does this for you with the Bottom-Line Price.Choosing a car based on Monthly Payments
Most of us have been there. We need a new car and our budget is already fairly tight. When this happens, choosing a car based on the monthly payment seems like a good idea. It’s not. Yes, you’ll need an affordable monthly payment, but not if it’s going to cost you thousands more than the car is worth. Be sure to look at the whole picture before you sign on the dotted line. Happy car shoppingTags: 2019 Subaru Forester Touring, 2020 BMW iX3, 2020 Chevrolet Suburban, 2020 dodge charger, 2020 EQC, 2020 Ford Super Duty, 2020 Honda Pilot, 2020 Kia Optima, 2020 Mercedes Benz, 2020 Nissan Versa, 2020 Subaru WRX STI, Audi SUV, BMW, Brandon K. Hardison, Chevrolet Car, Chevrolet Sonic, Dodge charger, electric vehicles, honda, Honda Pilot, Hyundai SUV, Mercedes Benz, Nissan Rogue, SUV, upcoming car, Volkswagen, Volkswagen Tiguan SEL Premium R-Line, Volvo Car
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