Are You Going Car Shopping? Read This!
Car shopping is something that some people look forward to with great anticipation, but that others tend to dread. But, by acquiring a bit of advance knowledge before you begin, the process can actually be enjoyable. Keep reading for some terrific advice about making the entire experience a positive, exciting and successful one.
Know your limits. Before you start shopping for your next car or truck, decide how much you can afford to pay, and stick to it. Don’t forget to include interest in your calculations. You can expect to pay around 20 percent as a down payment as well, so be prepared.
Ask the car dealer to show you a vehicle history report. This can tell you if the vehicle has been in an accident or if it has been recalled. It can also show you what repairs have been done and when they were done so that you know exactly what you are buying.
Research the value of your trade-in. Not only do you need to research the best price for the new car you would like to purchase, but you also need to know how much your trade-in is worth. Do your homework and find out the retail and wholesale values of your trade-in. Aim to get the retail value from the dealer.
If you want to get a new car, contact your bank and ask about loans before you start shopping. This will be for the security that you have. Many times the finance department of a dealership can find better rates than your bank. You should have an idea of what you would like your interest rate to be before you start shopping.
Read all of the fine print that is on the contract for the car you want to purchase. Even if you think the car salesman is being perfectly honest with you about everything involved, you need to make sure you are not signing anything that you will have regrets about later.
Search for your new car online before you ever visit a dealership. Searching online allows you to look at inventory from multiple dealerships, and it makes you privy to information about online only pricing. This is a great way to comparison shop and really make sure you are getting the best deal.
Set a budget and stick to it when shopping for a car. It can be very hard to stick to a budget when you find a car that you really want, but there is nothing good about an impulse buy. Figure out what you can afford before you start looking so that you do not break the bank.
Once you have found the perfect car, ask for a vehicle history report. A vehicle history report will list any instances that the vehicle has been involved in. If your dealer does not offer this service, you can purchase one yourself online for a nominal fee. This report will help you avoid purchasing a car that has been in a wreck.
Be careful about giving people your social security digits. Dealerships often want this information early on. If, in the end, you decide to purchase elsewhere, you may not get the best deal if too many dealerships have run a credit check on you. No one needs your personal information till you’re absolutely ready to buy.
If you are absolutely in love with a certain color or interior finish, don’t settle for less. Though the specific vehicle that you want might not be in stock at your local dealership, ask them if they can get it for you. Most dealerships have relationships with other dealerships and will trade vehicles back and forth. Keep in mind though, you might end up paying a little bit extra to cover some of the costs of the trade.
Do not base your car buying decision solely on price. While price is certainly important, so is the reputation of the dealership. You want to find a place that is known for great customer service and standing behind the cars they sell in case you have any problems down the road.
It is hard to deny the fact that shopping for a new vehicle is something that can be a little bit scary. Before spending a great deal of money on a car, it makes sense to do some preliminary research ahead of time. By keeping the advice above in the forefront of your mind, you can enter the dealership feeling fully prepared for the experience.