Top 5 Worst Car Buying Mistakes
Buying a car is not as easy as it looks, especially if you have never done it before and do not know what to expect. The difficulty of the car buying process leads many people to make mistakes that ultimately cost them over time. While there are dozens of mistakes that can be made while buying a car, these are the five worst.
Skipping Test Drive
Even if you are buying a brand new car, the last thing you want to do is skip the test drive. Some cars are just not going to feel right for certain drivers. There may also be horrible blind spots that can’t be seen until the car is taken on the road. A short 30 minute test drive is all that is needed to make sure that you will be happy with the car for the foreseeable future.
Not Enough Research
Buying a car takes a lot more research than just looking up the suggested sale price online. Knowing exactly how much the dealer paid for the car and finding any possible consumer rebates are far more effective in getting the price down. Extensive research on what car you actually want to buy is also a good idea. Most people only try to decide between a few different models when there may be another car that fits your needs more.
Buying Unneeded Add-Ons
Most car dealerships offer several features that they add to the cars themselves in order to drive the price up. Almost all of these add-ons are completely unnecessary and should be avoided. If the car needed them, then the manufacturer would have already installed them on each vehicle. Some of these unnecessary add-ons include rust proofing and fabric protector.
Focusing Only on Monthly Payment
Everyone tends to focus on what they will have to pay each month after buying the car, but the overall price of the car is far more important. Negotiating the final price of the vehicle is the best way to make sure you do not end up with too much car than you need. If you can get down to an acceptable overall price for the vehicle, then the monthly payment should also work within your budget.
Settling for What’s On Lot
A vast majority of people are going to settle for something on the lot when buying a new car. Settling is the last thing that you want to do when spending thousands of dollars on a car. If the dealership does not have the exact model car with all of the features you desire, then do not make a purchase. The dealership will be able to order your desired car from the manufacturer or have it shipped from a nearby dealership. Since they will not want to lose the sale, this will be done without raising the final price.