So you’re ready to get your first car! Congrats, but do you really know everything that is involved with the purchase of a vehicle. To someone who is new to this world, there are a lot of important factors to consider when buying a car. Read on and learn some helpful hints and tips.
Visit your local bank and get pre-approved for a car loan. This one step cannot only save you a lot of time at dealership, but it will also save you money most of the time. By getting a loan at your bank, you can negotiate your interest rate more effectively; thus, lowering your overall payment.
Watch out for the up sells in the financing office. When you reach the financing office, you will always be offered an extended warranty, interior protection, gap insurance and other such add ons. Make sure that you understand these well before making a decision to purchase them. Most are not worth the money you will spend, and you’re better off saving each month in the event that you need a repair or your interior gets a stain.
If you are in the market for a used car, you should always get a CarFax report. The CarFax report will let you know if the car has been in an accident. If the car has been in an accident, you probably want to keep searching and not buy that car.
Make it a policy to always pay less than the sticker price. Dealers do not expect to receive full price anyhow. If you do not feel comfortable with your negotiating techniques, bring a friend with you who is. Have a ballpark figure in mind before you go.
Take a look at owner reviews before selecting the car you want to buy. These can be found online, at many different websites. Owner reviews give you a good idea about how much others enjoy the car, and if they would recommend it to friends and family. They offer a different perspective than professional reviews, and they are very informative for anyone who is car shopping.
Due diligence should be exercised when planning your car budget. It is imperative that you take a full and realistic look at your budget. Not only must you consider a car payment, you must also consider insurance, gas and maintenance for the vehicle. There is nothing worse than having a vehicle that you cannot afford to drive.
Make sure that when you are car shopping that you know what you’re looking for first. Call around to some of the dealerships and see if they have something you’d be interested in. You may also be able to find their website and check out the vehicles before spending time going up there.
Be firm in what extras you want. Almost every salesperson is going to at least attempt to “upsell” you in an effort to get a bigger sale. Don’t let them pressure you into the next model up or features you don’t need. If they claim not to have the model you are looking for in stock, only the “better” one, ask if they can locate one at another dealer.
Although some sites suggested not test driving a vehicle because of the emotional attachment that can happen, it is never a good idea to purchase something without trying it out. Take at least a fifteen minute long test drive to really get a feel for how the car handles and how comfortable the car truly is.
Hopefully you haven’t been scared away with all of the information given in the article above. Yes, there is a lot to consider when purchasing a car, but when you take your time and do your research you are much more likely to end up with a car that you’ll be happy with for years to come. So go out there and get it done!