Are you currently in the market for a new or used car, truck or SUV? Are you scared to start looking? Relax and read this article, taking in all of the tips and tricks presented here by the experts who wish to guide you through the process, ensuring it’s a simple, easy journey towards car ownership for you.
Make sure you do some research on a dealer prior to making an offer. You will have much more room for negotiation if you know their strategies. If you check out any available customer reviews, you can avoid being ripped off.
You should have a good idea of the kind of vehicle you want before going to a dealership. Research online to see what is best for your living and financial situation. This can also help you become aware of the prices to expect on a particular vehicle, making it less likely that you will be taken advantage of by a fast-talking salesperson.
Bring along a friend. They can be an extra set of ears, along with being more reasonable about leaving when hearing a deal that doesn’t benefit you. You may want to bring a friend, parent or partner.
Don’t give out your SS number quickly. Many dealers will ask for your social security number before negotiations even start. They will use this information to pull a credit report. Having multiple dealerships check your credit will have a negative effect on your score. Therefore, wait until you have negotiated a deal before giving out your Social Security information.
Know how much you can spend before stepping foot on a car lot. Factors that should go into this number are the value of the vehicle that you are interested in, your financing options, as well as your income.
Your trade-in should be kept a secret. Do not disclose to others of your trade-in vehicle until an actual price has been negotiated for the car you are buying. Disclosing early will allow the dealer to alter the deal on the car.
Every salesperson and dealership is different. We expect car salesmen to be pushy, but they aren’t all like that anymore. In fact, many dealerships are being friendly and kind instead. Walk away from salespeople who are too pushy. Your business is up for grabs to any salesman in town, and they would all be delighted to work with you.
Always avoid signing As-Is warranties. These type of warranties are always a bad idea. Dealers should offer no no less than 30-90 days of warranty coverage. Should the engine or transmission stop working once you’ve left the dealership, you are solely responsible for the cost of repairs.
Salespeople are out to generate as much income as possible. It may be obvious, but a good salesperson may hide this fact. Be on the lookout for any extra costs that could be added onto a sale. You can end up with a huge bill, otherwise.
Do you know what you need to know now? This advice truly is priceless, and it will make your car shopping experience a good one. Pass the information on to loved ones that wish to buy a vehicle that they’re happy with.