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| Ten Car Buying Mistakes |
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Ten Car Buying Mistakes
1. Ignoring your needs. Do you really need an SUV to drive to the grocery store once a week? Is a racy red sports car the best choice for a family with two small children?
2. Showing your hand. Don't let your heart rule your head and blurt out how much you love the car. Consider this a business negotiation and don't show your hand.
3. Bad research or no research. Resources such as Kelley Blue Book (kbb.com), Edmunds.com and Autobytel.com provide tons of information on just about anything you want to know.
4. Picking the most conveniently located dealership. All dealerships are not the same. Visit many, even of the same manufacturer. Ask friends, family and neighbors where they bought their car and if they would recommend the dealer.
5. Going by payment rather than price. Even though most of us have a budget, be careful about negotiating into a $400 a month payment for 72 months with a higher interest rate rather than $500 a month payment for 66 months with a better interest rate.
6. Premature trade-in negotiations. Determine the price for the car you are looking at, then discuss the price. Don't let the dealer crunch the numbers by using your trade in to factor the value of the car you are purchasing.
7. Not shopping interest rates. Look around before you go to the dealership for loan rates. You are most likely to get better rates from your own bank than the car dealership.
8. One stop shopping. These dealerships may seem convenient but watch out for their financing. They usually state they can finance people even with bad credit, but at what interest rate!
9. Going it alone. If negotiating gets you sick and you are unsure of how to proceed, ask for help from a family member. AAA sponsors an endorsed auto buying program to their members that gets you the best price.
10. Thinking it is over. The business manager can end your deal or change your interest rate, the cost of the car, dealer add ons and fees, etc. AFTER you have closed the deal with the sales manager. When you come to pick up the vehicle make sure you read the agreement again and question any changes that were made, it's not over until YOU say its over.
For more complete vehicle tips and information, visit out the following sites:
http://www.automobiles.com
http://www.cars.com
http://www.edmunds.com
The information contained on this page is intended to enlighten newlyweds by offering a basic understanding of vehicle buying and/or vehicle maintenance principles. Forever & Always Co., Inc. assumes no liability for omissions, errors or the outcome of any vehicle buying and/or vehicle maintenance endeavors (or experiences) on the part of the reader. The reader should always exercise reasonable discretion, follow their own state and local guidelines and is urged to consult a licensed professional for more complete vehicle buying and/or vehicle maintenance guidance. The information on this page is not meant to be used in place of professional advice. Forever & Always Co., Inc. is not affiliated with the above website referrals.
©2005 ForeverandAlways.com |
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