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Avoiding Common Mistakes When Buying a Car

For the uninitiated, the tinhorns, and the neophyte, purchasing a brand-new car is a scary thing. Aside from the thought of having to deal with the infamous salespeople (who are actually more helpful than many give them credit), you have the paralyzing choice of models, the budget to contend with, and of course, the cost of potential maintenance, which could cripple you financially if you happen to believe that a discounted BMW is a good idea. Luckily, you have landed on the right page, and throughout this post, you will discover everything you should perhaps avoid when it comes to the art of buying a car.

Consider All Hidden Costs

Buying a car is an exhilarating process, and it’s easy to allow the adrenaline to take you away. However, if you want to keep a half-decent credit score, you need to assess all costs before diving in at the deep end. This KIA dealership in San Diego states that one of the more vital things to consider when preparing to acquire a new car is how you’re going to pay for it, and in most cases, this will probably be via financing of some sort. But, when it comes to financing anything, you must be prepared to spend some time trawling through the fine print to see if there are any fees that could come around and bite you in the wallet. These include early termination fees (i.e., a cost for having the gumption to be able to pay off your loan early), late fees, and insurance (if you are unable to continue making payments due to illness, etc), among others. Most of the fees are annoying, but it makes sense when you consider that a loan is a personal choice and the bank is in the business of making money. However, by eschewing your duty as a consumer to double-check everything before signing on the dotted line, you risk having to dip even further into your savings to pay for costs you really didn’t need to pay.

Research The Car’s Market Value

Most reputable dealers aren’t out to shaft you, contrary to the popular option. They are simply in the business of shifting vehicles and, just like every other business on the planet, to make some money from the process. Nothing is inherently wrong with that, but if you want to save a bit of money, you might want to prepare yourself for the negotiation as per the next tip by whipping out the Kelley Blue Book and checking how much the model you want to buy is valued. Just be aware that this will not be the price you buy it at, but merely a starting point for negations to better indicate where you want to end up.


Negotiate For The Best Deal

Yes, now we have arrived at the dreaded negotiation phase of proceedings. Why is it that many in the West are so uncomfortable with having a little barter every now and then, especially when it comes to something of such a high value? You do it when purchasing a home, so why not when buying a car? Well, you should, and by doing so, you could save a considerable amount of money…as long as you know the way about it. The idea is to understand the inherent value of the car you want in advance, have a red line that you are willing to walk away from if not met and use that to your advantage. Nevertheless, always remember that you are dealing with real people, so that is no need for passive-aggressiveness (or even actual aggressiveness, for that matter). As long as you maintain a respectable demeanor and don’t ask for a ridiculous price (such as thousands off of the value price), you should find most salespeople are pretty open to meeting you halfway.

Know The Market Value Of Any Car You Are Chopping In

If you already own a car that you want to trade in to knock off a little extra from the sticker price, it will pay to know its value. Just as you did when researching the models you want to buy vis a vis finding their fair value, so should you do with your own. And, just as with the car you want to buy, you shouldn’t expect to get the exact price that the Kelley Blue Book or your mechanic friend states because there are numerous factors that go into valuing a second-hand vehicle, some of which you may be entirely unaware of. However, if you have a general idea, you will know if you are getting stiffed or not if the salesperson colludes with his manager to stiff you on the price.

Hopefully, this post has given you a few pointers on what to do when on the lookout for a new vehicle. Buying a new car needn’t be an overly complicated activity, and as long as you do your research and retain a respectable manner, you will find the dealership is more than willing to help you out where they can

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