Have you decided that it’s time to get a new or used car? Are you not sure what you can do to make shopping for one less stressful? You are in the right place if so. Here you’ll go over a few of the things you need to think of when you go car shopping, so read along.
Before you go in to look at a new car, make sure you have thoroughly researched the proper trade in value of your current car. In fact, why not try to sell it yourself first before you buy. Either way, you will get more from your vehicle if you know what it is really worth.
If you are trading your car in, take it to a detail shop and have the upholstery and carpets cleaned along with a wash and wax. Doing this one thing can usually net you several hundred dollars or more in trade-in value compared to a car that isn’t clean.
If you are interested in a particular car, rent it first. Rent the car for a weekend to really see how the car drives. Take your family on a road trip. You will get to know whether or not that make and model works well for you and yours. This is an excellent method of getting comfortable with the car prior to making the decision to buy it.
Many people who have bad credit end up at a buy-here pay-here dealership. Be very careful of these types of dealers. Usually they buy cars at auction for little money and the majority of the money they make is off of the high interest rates they charge. If you have any choice, always get a loan from a bank, not the dealership.
Stand firm on your down payment. Cars can be sold with no down payment; however, some money down will help the final cost. Be wary of sellers who ask you to increase your down payment. This extra money will typically only go into the pocket of the salesperson and dealership, and does not help your bottom line.
Wait until a new model isn’t so new, if you really want it. There’s no point in being the first person with the latest car, if you have to pay more for it. Usually, prices go down after the initial launch. So, if you can hold off your excitement for a few weeks or more, you may get a better deal.
Financing is often more affordable when you get it from an institution other than the dealership themselves. The rates they offer aren’t great, but they’re sometimes open to lending you money when your credit is bad, unlike a bank. Check out all of your financing options and find out how much you’ll be approved for before you approach the lot.
Have car insurance in place before you go car shopping. You need to have insurance before they will let you drive the car off the lot, so make sure to shop around for the best. While there are some companies that let you sign up from the lot itself, that may not be the best insurance deal you can get.
Do not allow yourself to be swindled by your car salesman. They sometimes seem quite trustworthy, but that can be just for show. Don’t be disarmed by their “friendship.” You have plenty of friends.
When you want to test drive a car being sold by an individual rather than a company, be certain that the vehicle currently has car insurance by asking to see the insurance card. A legitimate seller should not have terminated car insurance on a vehicle that he is selling because anticipating that potential buyers will want to test drive the car is part of a sensible car sale transaction.
There is one online tool that should never be overlooked when making a car purchase, the Better Business Bureau. With just a few minutes of research this organization will indicate which dealerships you should completely avoid. It can also give you an idea of which ones offer more reputable services.
Before you agree to purchase any used car, have it inspected by a mechanic. This allows you to find out if there are any apparent mechanical or electrical issues with the car that you are considering purchasing. If problems are discovered, you should consider another car, or haggle for a lower price if the problems are minor.
Do not believe the myth that you always have a few days to return the car after making a purchase. The only state that has a law like this is California. In other states once you sign on the dotted line, the car is yours. This is why you have to be very careful about making a purchase.
Check out all the financing options available to you both at the dealership and elsewhere. At the dealer, find out if they offer you cash back offers, reduced rates or other options. Compare the end result of each if you take it. Then go to your bank and find out what they offer.
When trying to determine your budget for a new car, don’t just look at the sticker price. Rather, you should look a the total cost of owning that particular car. Some models cost a lot more to own than others so always keep this in mind when trying to decide which car to choose.
Don’t let the auto dealership tell you how much car your budget can afford. You need to know this for yourself. You should have a budget drawn up, and you should be well-informed as to the room in that budget. Don’t let yourself go over the top; instead, find the deal that best fits your financial needs.
This guide should have helped you learn all that there is to know about car shopping. It doesn’t have to be that a difficult task if you know exactly what you’re doing. Take the advice and you’ll be able to take most of the stress out of shopping for a car.