Consumers often feel stressed about a car purchase. With all of the factors that need to be thought of, it can be overwhelming. Use the following guide for assistance while shopping for your new or used vehicle.
Always ask the seller if they are willing to let you do a test drive. While some private sellers may not offer you the chance to do a test drive, there are many that will. You should try to do your deal with someone who will allow you to see how the car runs.
Go into the dealership with a bottom line price in mind. The salesman might try to focus on the monthly payments or financing terms, but your goal should be to get the price you want on the car you want. You can always negotiate the financing terms later, or even finance with your own bank outside of the dealership.
Rather than buying a brand-new car, purchase a lightly used one that is only a couple of years old. Many cars come with transferable warranties that last for three years or 36,000 miles. You will save a significant amount over buying new, and the warranty will give you peace of mind for the first year or so.
When sitting at the bargaining table, take the time to negotiate the price of the car before talking about your trade-in. Doing this will help you get the best price on both vehicles. To do this effectively do not discuss trade-ins until after you have settled on a price of the new vehicle.
Do not wait until you go car shopping to think about how you are going to finance your car. You need to arrive at the dealership with your car loan pre-qualified at a decent interest rate. You are almost always going to be able to get a better deal than the dealership would provide for you.
If you are in the position to buy a new car, you should think about the vehicle’s gas mileage, as that will affect your overall budget. A V8, with the power to tow your boat, may seem quite attractive. However, you should think about whether you will really be taking full advantage of these features.
Never turn over your trade-in keys to the salesperson before the deal is finalized. Some pushy salespeople will hang onto them in an effort to pressure you into hearing … Read the rest