For each of us, buying a car is like taking an important step towards fulfilling the American Dream. Cars have always been special to us and just the thought of buying that dream car makes us go over the moon.
This beautiful dream can turn into a nightmare when you make some mistakes. It is true that smart people learn from experience but one is smarter when he learns from others’ experiences. Get ready to know what the common car buying mistakes are. If you fall prey to any of these, your hard-earned money will go down the drain.
Say NO To Emotions
Yes, we all love cars and we are very passionate about it. Having said that, don’t let emotions play a role in making decision. Car buying is an exciting and stimulating process but you must always let your grey matter do the talking.
If you are buying a car just because you like its color or interiors, it’s going to spell doom for you. By falling in love with a specific car model, you are only making things difficult. This is so because you are limiting your options from the very beginning.
If you are totally gung-ho over a single car, you will overlook other great options even if they are better in terms of pricing and reliability.
So, don’t be emotional and know your real needs. Take some time to review several car options. Once you know them, selecting a car make and model will be easy.
Ignoring Your Wallet
You must consider your affordability. Several people commit the mistake of thinking that a car loan will cover everything. But, this unrealistic assumption often leads to large debts. So, think of your budget well in advance. Whatever additional amount that remains after paying the bills can be considered for payments. Also, remember to keep some spare money for any emergency and don’t spend every extra penny on the car loan payment.
Putting Convenience Over Choice
Not all dealership lots are same. Not every dealer offers you the same car models. You must never commit the mistake of choosing your local dealer just out of convenience. You may be surprised to know that the same car is cheaper at a dealer who is just a few blocks away.
So, it is always important to de-limit your car search. The more options you will have, the lesser will be the chance of dissatisfaction in future. Internet will be very useful here. There are many websites that sell cars. It’s time you check them.
Never take the dealer’s word. To be totally satisfied, you must do your own research. There are several reliable sites that offer car prices in different states and localities. KBB and Edmunds are few examples. If you pay attention to these references, you will get an average price of your chosen car. This will help you to know if the dealer is ripping you off or not.
If you are going for a new car, read reviews from auto industry experts and current car owners.
When you select used cars, make sure you get the Vehicle History Reports. All you need to do is get the VIN or the License Plate number and the State Information. You can get the reports by filling a request application on websites like Carfax and AutoCheck. Never take a decision without knowing all about the car’s history and the title. The car may look good to you but might have been flooded. So, do a thorough research and avoid the mistake of careless and incomplete research.
Test Drives Are Obsolete
Do you buy a house without taking a good look at it? Do you buy a dress just because the store attendant told you it’s great? You wouldn’t do that right; the same should be with test drives. Take the car for a spin around the block and get acquainted with it. All Cars look good and glossy but their reality is best judged when you take it for a drive.