Use these 5 car-buying tips to get the best deal on your next vehicle
Buying a new car can be tricky business. Frankly, choosing the right vehicle can be a challenge without the rigors of negotiating a deal and making the purchase. However, by using the right car-buying tips along with some patience, you can get the right new car or used ride for the right price.
These car-buying tips can keep you from embarrassment, disappointment, and paying too much
It’s time. Maybe your trusty ride is on its last leg. Or perhaps you’ve saved well and it’s time to reward yourself with something fun like a sports car. Well, buying a new or used car is often easier said than done. However, you can observe these car-buying tips to avoid a ruinous, irritating shopping experience.
- If you’re seeking an auto loan for your purchase, get a preapproval
- Shop around
- Compare pricing and use any price-matching promises to your advantage
- Take a test drive and get a pre-purchase inspection for used cars
- Don’t be afraid to walk away from a deal
First, don’t make the mistake of going to a dealership without a plan for financing. Consider getting a loan preapproval through your credit union or bank. Better yet, getting preapproved for a loan can act as something of a temperature check for your credit. Furthermore, would-be car buyers can assess their budget and understand just how much car they can afford.
Moreover, car shoppers should shop around and compare prices before committing to one vehicle. Use online classifieds like Facebook Marketplace and car-shopping tools like our Car Buying Service to view and compare vehicle prices. Additionally, if the dealership you want to buy from has a price-matching structure, consider taking advantage of it.
So, you’ve found the car you like at the price you can handle. Great! Next, take a test drive. Test the vehicle for expected levels of responsive handling, throttle response, braking, and functionality. What’s more, listen to the vehicle as you drive, not just the sales pitch. Better yet, consider a pre-purchase inspection (PPI) for any used car.
Finally, don’t be afraid to walk away from a deal. It’s much better to shut down an in-progress deal than take on a car payment you can’t afford or don’t want.