Buying a new car is an exciting experience that draws up a number of game-show parallels. To a certain extent, youâ€™re toying around with large amounts of money, and your sweet prize waiting behind the right door is a great deal on a great car.
Navigating the waters of the car-buying process can be intimidating when youâ€™re not sure of what to look for and what to be wary of. With these car-buying dos and donâ€™ts, youâ€™ll be set for success on your next trip to the dealership!
1. Do: Research
One of the biggest mistakes you can make during the car buying process is walking into a dealership with zero idea of what kind of car youâ€™re looking for.
As much as youâ€™d like to think car salesmen are looking out for your best interests, their job is to make the most profitable sale for themselves. Theyâ€™ll have no shame in steering you in the wrong direction if you come without a plan.
Consider the things you want to get out of your car. Do you need a fuel-efficient sedan or a roomy mid-size crossover to fit the family? The internet is your best resource for all of your car research. Be sure to use it to your advantage!
2. Donâ€™t: Let a salesman misguide you
If you come into the dealership knowing you have your heart set on a Toyota Corolla, donâ€™t let your car salesperson sway you into buying a swanky sports car that doesnâ€™t fit your needs. If you have your mind made up, stand your ground, and be firm in your decision-making.
3. Do: Stay true to your budget
Budgeting for a car variesÂ depending on how you plan to pay. No matter how you decide, the most important financial factor is to be sure that youâ€™re within a budget that allows you to purchase the car without taking on anyÂ unnecessary financial burdens.
No one wants to end up with a car that leaves them feeling stretched thin. Staying true to your budget will guarantee you end up withÂ a car that you feel good about.
4. Donâ€™t: Solely focus on the payment plan
Many first-time buyers make the mistake of only looking at the monthly payment amount rather than the total cost of the car. Itâ€™s important to keep in mind that payment plans come with their fair share of interest and other fees over the lifetime of the loan. Look at the bigger picture costs before sealing the deal on your purchase.
5. Do: Shop around
Shopping at one dealer or in one city limits your possibility of finding a good deal elsewhere.Â BeforeÂ buying a Volkswagen in Spokane, be sure to check out the inventories inÂ Glenrose, Geiger Heights, andÂ Fairwood.
Even if youâ€™re not able to find a better deal, youâ€™ll have confidence knowing that youâ€™re not missing out on huge savings living a town over!
6. Donâ€™t: Fall for unnecessary add-ons
Dealers are notorious for their ability to persuade buyers into walking away with a long list of things they donâ€™t need. Beyond financing, dealersÂ make the vast majority of their revenue by selling you add-on products.
Itâ€™s much smarter to learn how toÂ maintain your carÂ yourselfÂ than purchasing paint protection, key insurance, or services contracts straight from the dealer.
7. Do: Negotiate
Negotiating a car price can be nerve-wracking when you assume that the dealer has all of the power. While it is true that they are the ones who have the product you want, you have the money they want. In order to make a successful sale, both parties need to be happyâ€” so a bit of negotiating is a simple part of the process.
Feeling nervous about negotiating?
Try these 5 tips:
â—Â NegotiateÂ the price of the car, not the monthly payments
â—Â Take things slowly, repeat numbers you hear, and write figures down
â—Â Ask about fees ASAP
â—Â Be unpredictable- donâ€™t let a salesman trap you in his office or make you feel pressured
â—Â Use other dealership prices to leverage your ask
8. Donâ€™t: Be afraid to walk away
Believe it or not, one of the greatest powers you have a car buyer is the ability to walk away from a deal that just isnâ€™t right for you.
Feeling like youâ€™ve wasted the dealerâ€™s time, or feeling embarrassed about walking awayÂ from a price tag thatâ€™s not within your budget are two feelings dealers feed on. Donâ€™t be afraid to say no and leave.
Put the power back in your hands and buy your new car with confidence!
Identity Magazine is all about guiding women to discover their powers of Self-Acceptance, Appreciation, and Personal Achievement. We ask that every contributor and expert answer the Identity questions in keeping with our theme.
Their answers can be random and in the moment or they can be aligned with the current article they have written. In that way, and as a team, we hope to encourage and motivate each other, thus inspiring you to Get All A’s.
1. What have you accepted within your life, physically and/or mentally? Additionally, what are you still working on accepting? Now, weâ€™re talking about resignation, rather stepping into, embraced, and owned.
I have accepted that it is impossible to please everyone. I struggled for years to fit in with what I thought were the â€œcool kids,â€ but in the end I was unhappy because I felt I could never be my true self.
Today, I now accept that to be my true self, as an individual, means that not everyone will like me, and that I canâ€™t please everyone. But I now understand that being myself brings to me the most fulfilling relationships.
2. What have you learned to appreciate about yourself and/or within your life, physically and mentally? On the other hand OR in contrast, are there elements of who you are that youâ€™re still working on appreciating?
I have learned to appreciate my family more, flaws and all. When I was young, my parents had a very busy life, and struggled to just make ends meet in our family. As a result, I became resentful that they never spent enough time with my siblings and I.
Now I appreciate them more, because they worked so hard for our family, and I am grateful now that I can have a stronger relationship with them as an adult and have a truly fulfilling relationship with them.
3. What is one of your most rewarding achievements in life? Tell us not only what makes YOU most proud but also share the goals and dreams that you still have.
The most rewarding thing I have ever done was when I decided to study abroad in Barcelona for a semester. I really felt like I broke out of my shell.
Being in an unfamiliar place where you canâ€™t speak the language is difficult, but I gained so much confidence in myself that I can achieve my dreams in life. I still have a passion for travel. I would love to become a travel writer one day and circle the globe!