Useful Advice For Buying New Or Used Cars

Useful Advice For Buying New Or Used Cars

Do not allow yourself to get talked into a car you can't afford. Salespeople will try talking you into buying a luxury or a sports car by telling you this car corresponds to your personality. Keep in mind that a salesperson is trying their best to make a decent commission, so selling a more expensive car benefits them. Do some online window shopping ahead of time. You have to know the exact car you want, or have a short list, before you go to the dealer. Make sure that you do your homework to get the best possible deal. If you can't afford a car, don't let the salesperson talk you into buying it. Some salesmen can talk you into an expensive car you cannot afford. The salesperson's job is to sell the car at the highest price, so do not give in. Get your financing in order before shopping for autos. You can accomplish this with a trip to your bank or nearby credit union. You might get a better deal through your bank than through the dealer. Bring someone along on your car shopping day. Take a friend or a family member who will be able to advise you and encourage you to think carefully about the deals you are offered. This person could be a spouse, parent, or even a friend. If you're looking for a brand new car, talk to your bank about your loan options prior to going shopping. This is simply for your own peace of mind. Usually the dealership's finance department can find a better rate for you than a bank, but it can help if you find what interest rate you're looking at prior to shopping. If you pay the sticker price, you are basically throwing money at the dealer. In fact, you should never purchase a car for the listed price. They are inflated with the idea of negotiation taking place. Look for a car on the web. You can find nearly any car you want. Know about the particular vehicles you are thinking about purchasing before you visit the dealership. By using the Internet, it is possible to come up with ratings, specifications, MPG, size, resale value and much more. Remember that the vast majority of salespeople must meet quotas either weekly or monthly. Use this fact to your advantage by shopping for a car toward the end of the month. Anyone who needs to make their quota will do what it takes to sell a car. This can help give you some wiggle room with your negotiating. Test out specific makes and models by renting them. You can drive it to the country, another city or somewhere else where you'll get a nice, long drive out of it. Take a road trip with the family, and put the car through its paces to determine if it will work out well for your family. This trick is an opportunity to familiarize yourself with a car prior to committing to one long-term. Get a loan approved before going to a dealership. This will remove the financing hassle from the process. The car shopping process will be much easier and faster by having a loan ready.

Social Security

Don't give any dealer a social security number. Many of these dealerships get that kind of information early to ruin your credit. If you don't get a car purchased there, just getting that credit run by them may end up hurting you in the long run. Therefore, wait until you have negotiated a deal before giving out your Social Security information. When you are shopping for a car, don't let the dealer know up front that you have a trade in. Don't reveal that you want to trade in your old car until the end of the deal. Many dealers will give you a worse deal when they know a trade-in is involved. Have your loan financing already arranged prior to shopping for a car. You should do this through your bank. You might get a better deal through your bank than through the dealer. Consider a car's fuel economy whenever looking for a new car. A fuel efficient car may cost more in the beginning, but it will save you a lot of money over the life of the car. You should consider your budget over the next five years instead of only taking into consideration what you want to spend on a car. If the salesman is intimidating you, leave. He may beg you to stay; leave anyway. Invent a lie if it helps you. The important thing is to leave as quickly as possible. Many more options await you, so staying there isn't going to do you any good. Prior to getting a used vehicle from a dealership, be sure to ask a third party mechanic to look at it. A dealer that doesn't allow this is a red flag. A good, impartial mechanic can discover problems with the car such as possible water damage or previous collision damage.