There are people who like to shop for cars, but others feel quite uncomfortable. If you are in the latter group, it’s smart to do some homework and preparation before launching your car hunt. Check out this invaluable advice, then keep it in mind as you approach the dealership in search of your next vehicle.
You should take the car-buying process very seriously. Many people are so happy about the prospect of buying a car that they do not think of the seriousness of the task. Buying a car is a serious financial investment, and you should do all you can to remain businesslike.
Take a good look at the underside of the vehicle. Try to keep your eyes peeled for signs of rust and erosion. A car can look great on the outside, but be falling apart underneath. If you see rust under the vehicle move on. This could mean a lot of repairs later on.
Paying sticker price is like flushing money down the toilet. You should not need to pay the car’s full retail price. These prices are high to allow negotiating room for the seller.
Do not make the mistake of focusing on only the monthly payment amount when you are car shopping. This can cause you to buy a more expensive car than you can really afford. You need to focus on the total cost of the vehicle itself and whether that is a good deal.
Don’t forget to calculate ownership costs when selecting a new vehicle. That bargain priced SUV might not be such a good deal if it means you will be spending twice the amount you used to on gasoline to drive it. The same goes for sporty racing style cars or models favored by car thieves that both can come with increased insurance rates.
Consider selling your car privately, rather than trading it in for the new car you want. You will almost always get more for your car through a private sale than you would through a trade in. Even if the dealership makes it sound like they are giving you a great trade in value, they will likely raise the price somewhere else to make up for the difference.
Be fully aware of the quota system most car dealers work on in order to make a living. You can use this information to your advantage and shop at the end of the month. People selling cares that haven’t met their quotas are really eager to get you to purchase a car. This will give you more flexibility when it comes to negotiating a price.
Try and purchase your vehicle towards the month’s end. Most car dealers have quotas for their salespeople that they are trying to meet at this time. You might find a salesman is more willing to cut you a better deal if he is in the last week of the month and is still short of his quota.
Buying a car needn’t be so difficult. It is important to be armed with knowledge to get a positive experience with car shopping. Use what you’ve learned, and show the salesperson a thing or two.