Saturday, 5 January 2019

Car Buying Mistakes You Need To Avoid at the Dealership

Car Buying Mistakes You Need To Avoid at the Dealership

5 biggest mistake you can make when buying a car, I know we all love to buy a car but you have to understand there is a point where you are wasting a lot of money. You can go ahead and make a decision about buying a car but if you are reading this article hopefully you can learn something new.

1. Wrong Time Of The Year

Buying your car at the wrong time of the year, I know that sound crazy but it actually affects the price of the car base on when you buy it, everybody used to think that when you get tax refund that is when you go and buy a car, actually that is the worst time to buy a car.

You don't need to buy a car when everybody else does, you can stick with the end of the year, cars in new year period are cheaper than the winter, the salesmen at the end of the year are also motivated to sell you a car because they are trying to hit years end goals.

Just remember, the time of the year you buy your car does make a difference

2. Do Your Research

There are a few things you have to check on your car before you go and buy it. Starting with insurance, the car you are buying might cost more on insurance than you think. My friend was looking at super BWM and when he checks the insurance rate it was going to cost double of what his previous car costing him

If you are okay with a higher rate that is fine but it does get expensive, 

Also, check some review on the vehicle to see if it is safe and also check the gas manage, it's something to consider if the car requires premium gas, keep that in mind, all of those things can save you a lot of headaches

3. Payment Only

The number 3 biggest mistake when buying a car is buying base on only your monthly payment, the problem with only caring about your monthly payment is that there is a lot of factors you could be paying for that you are not seeing.

  • The only thing a dealership as to do to lower your payment is to expend the loan, they can sell you a car at any price and then they just expend the loan and your monthly payment seems reasonable. Whoever you are probably paying too much for your car.

You have to have an idea of what you want your monthly payment to be, but that is not the most important thing, the most important is what you are actually paying for the car.

4. Not Getting Enough Trade Value

If you have a car to trade into the dealership it's a huge factor of what your bottom line is going to be, you have to get a good price on your car and the best trade value for your car, if you get a good value on your car but a really bad trading that is breaking.

Do some research on what your car worth before you go to buy a new car, you want to have an idea about what you are going to be negotiating with.

5. Financing

The financing can cost you a lot of money because at this point after you bought a car, you relax, you think all is done, but it's not.

Starting with your interest rate, you need to make sure it's competitive with all the bank around you, you don't need to just go with whatever rate the dealership gave you. That 1% difference would cost you a lot in your monthly payment and interest.

Alright, folks, that is my 5 tips for buying a car hopefully you learn something new

No comments:

Post a comment