The Don’ts of Car Buying
Now that you know what to do, it is time to look at the list of don’ts. Here are some things to avoid when shopping for your next ride.
DON’T fall for “special” offers. Those offers that land in your mailbox from time to time are less remarkable than they might appear. Sales and promotions are usually skewed in favor of the dealership, so don’t fall into this common trap.
DON’T drive home until the financing is final. Never get behind the wheel until your loan paperwork is approved and the funding finalized.
DON’T get talked into extras you do not need. It is easy to get talked into extras, especially when a slick-talking car dealer is on the other side of the desk. So be prepared for the talk of extras, and stick to the features you initially sought out.
DON’T forget to review your insurance costs. The monthly payment is not the only expense you will face, so be sure to check with your insurance company before signing on the dotted line. Do not just assume that your new car will cost the same to insure as your old one did.
DON’T buy a car without thoroughly researching the price online. Websites such as True Car, NADA, and Kelly Blue Book, can help with appraising the value of trade-ins and can help someone identify a fair price for any type of new or used vehicle.
DON’T forget about your existing vehicle. Will it be a trade-in, or will you be selling it on your own? Usually the amount paid for used cars, when sold by an individual, is higher than the trade-in value. However, the ease of a trade-in can be alluring.
