Americans so love acquiring cars that it has practically become a spur of the moment purchase. This isn’t necessarily a good thing to do, because a car purchase is usually the second largest purchase you are going to make in your life. Think about all of the things you go through prior to buying a new house, but never even consider when buying a car.
You might have plenty of help when buying a home, such as a broker to find a house that is best for you. You may also have an attorney to make sure the contract is done up right, along with the title company which won’t let you pay for the home without a clear title. Whenever you buy a new car, on the other hand, there is no-one there to help protect your investment. You can complete the entire process of buying a new car in a few hours flat, and drive off with your new car. There may be a price, though, and often it is that you spend more than you normally would.
You need to allow it to be non-negotiable that you go to one dealership with the clear commitment to not buy a car that day. Make the commitment that you are only going to view cars and do test drives, whereafter you will return home for more research. On the internet, explore dealers’ fees, safety ratings and option prices – also check for manufacturer to dealer incentives that you weren’t told about. Be clear and determined on what you can afford before going to a car dealership, so that you can avoid being talked into a car that costs more. You are the one who could lose the car, and have it reclaimed when you can’t make the payments.
When a calculation is done by the finance manager, make him show you the calculations. By just adding a couple of dollars to your monthly payment, which you will never be aware of, car dealerships can increase the amount of money they make. Suppose $500 is just what you tell a dealer you can afford; he could then say he has a deal for $480 which in truth is only $460. Amazing that’s great, is what you most likely think, but back at the ranch you are going to be paying an additional $20 per month. Enable them to avoid dishonesty and keep your money secure. Every little thing you discover about the car, don’t forget to write it down, even what the salesman is saying. This way there’s no doubt and hopefully credibility can prevail.
When you sit in charge of the process, buying what is, after all, your new car, should be an experience to be enjoyed. If you don’t like the way things are going, and don’t have confidence in the people you are dealing with, go somewhere else, because the decision is yours, not theirs.