There are people out there that know a lot about cars and know exactly how much every make and model of car are worth. Everyone else, well, they're not exactly as astute and need some help when shopping for the right car. If you are one of the people in the second category, then this is the perfect article for you!
Never buy a model that is out of your price range. If you allow it, a salesman will convince you that you need something more expensive or sporty. This dealer is working for a commission, so your money is his or her money. Stick with what you can afford.
Secure your financing online prior to setting foot in a dealership. Checking your credit and finding a lender is what takes the bulk of your time on a car lot. If you have a loan when walking in, it will make the process quicker.
Research any dealers you're considering before making an offer. You should know about their trade-in policies and finance options. You can also learn which dealers to avoid completely through reviews by former customers.
During negotiations, concentrate on the total price instead of the monthly price. A dealer can make any desired monthly price possible, but you'll end up paying that monthly price for years and years, making the final cost of the car outrageous. You should instead focus on negotiating the best deal on the overall price of the car and the financing you get. Then calculate what your monthly payments will be.
If you're shopping for a used car, try to have it inspected by a mechanic not from the dealership. If your dealer does not allow you to have a mechanic inspect it, then walk away from the deal. To the untrained eye, it's almost impossible to determine whether a vehicle has been damaged in a flood, wreck or fire. A mechanic can identify these and other issues before you agree to buy the car.
Take someone along to help you car shop. Your person will be your second set of eyes and ears. This person can be a friend, relative or spouse.
Set aside a large block of time to spend at each dealership. You do not have to be rushed and go for a deal that is not good. Give yourself a whole afternoon. If you don't have enough time on your hands, you can always finish up another day.
Get recommendations from people you trust. Are they happy with their vehicle? Do they feel they paid a fair price? What information have they heard about different cars that are available? This is the best way to start gathering information when purchasing a car.
If you are in the market for a new car, you should call your bank before shopping and make sure you can get a loan. This is important for your security. Normally a dealership can give you a better interest rate than a bank.
You do not need to feel overwhelmed when shopping for a car. You should now know how to make better decisions about the vehicle you want to buy. You'll save a ton and end up with a great car, too. Good luck shopping!