Are you currently in the market for a new or used car, truck or SUV? Are you afraid of the process? Keep reading to find out some great advice and to help you in the process.
If you can’t afford it, don’t be persuaded by a talented salesman. People are often pressured into a beautiful, but expensive car by a good salesman. This dealer is working for a commission, so your money is his or her money. Stick with what you can afford.
Get a loan approved before going to a dealership. This takes a long time when buying a car because of them having to secure your lender and check your credit score. If you walk in with a loan already, the entire process will be quicker.
Research the car you have chosen online before making the trip to the dealership. You have to know the exact car you want, or have a short list, before you go to the dealer. Some online research can be great for narrowing your list of possible makes and models and for learning things that the salespeople may not tell you.
Make sure your financing is in order prior to shopping for a car. In order to do this, go to your local credit union or bank. You will often get a better interest rate by doing this, and you will walk into the dealership knowing how much you can really afford to pay for your new car.
Ask any seller if you can have a used car examined by a mechanic. If a dealer will not let you bring your own mechanic, go somewhere else. A mechanic that is good can give you an opinion on what is wrong with your vehicle, like what’s been wrecked on it and then repaired.
Bring along a friend. Your person will be your second set of eyes and ears. This can be any relative, a co-worker or a friend.
If you are shopping for a car, spend some time at the dealer. The only way to come to a decision that you are comfortable with is to take your time. If you can, use the entire afternoon. If time is running short, don’t hesitate to come back when it is more convenient.
If you think you need a new car, give your bank a call prior to shopping for one to see if you can obtain a loan. You need to know this is available before you attempt to buy. Though dealership finance departments may be able to secure a lower rate for your car loan, consulting with outside banks is a good way to get a ballpark idea of what you will pay.
Never discuss down payments, incentives, or trade-ins until you’ve established an actual price on your desired car. These will be removed from that bottom line price. Get the deal down pat first, then talk business with trade-ins and so forth, your wallet will thank you.
Are you feeling a bit more confident, now? This advice is invaluable and can help make your own car shopping process a positive one. Share it with your friends and relatives so that they can take advantage of it as well.