Mistake No. 1 — Not Conducting a Test Drive
You secured the best deal possible online and you’re proud of yourself. Unfortunately, you made a grave mistake by not testing the car you intended to purchase. For some reason you skipped this step thinking a test drive of the same model at …show more content…
You should always test the car you intend to purchase, to determine if the car meets your requirements. Little things can slip your notice from model to model, including the comfort of the driver’s seat, differences between telematics systems, and whether you receive a full-size spare or a donut. Come up short in any area and you will find yourself disappointed and possibly paying extra money to rectify the shortcomings.
Mistake No. 2 — Limiting Your Search Area
Clearly, if you plan to purchase a car, you want to buy locally because it is convenient. But buying locally may mean that you miss out on better deals that are just outside of your region.
Some car manufacturers limit the number of showrooms in metropolitan areas to two or three dealerships. While this practice is a boon to the dealer, it can limit the number of choices for consumers.
Don’t fall for the trap that you must have your new car serviced at the same place you purchased it. If you find a better deal at a location further from your area, it may be worthwhile for you to go the extra mile to save money.
Mistake No. 3 — Not Calling Your Insurance …show more content…
4 — Considering Monthly Payments Above All Else
You aim to hold your monthly car payments below $300 and are laser-focused on that goal. Trouble is, you may find yourself bleeding money elsewhere in a bid to reach that objective.
Instead of focusing on your payments, concentrate on securing the best deal possible. Financing is important, but not at the expense of negotiating your price. Once you nail down the price on your new car, then determine how much money to put down. You should also contact your bank or credit union to compare rates. In some cases, opting for cash back over low-rate financing may be best. If your payments are still too high, then it might be better to consider a different model altogether.
Mistake No. 5 — Rushing the Deal
When you shop online, you feel so much power on your side. Indeed, the worldwide web breaks down barriers, but it also erects a barrier between you and a salesman, one that you control. No longer must you turn heel and flee a showroom if the salesperson annoys you. When shopping online, you can choose to ignore anyone whom you want to