How To Buy A Car
The first thing you should do when looking to buy a car is to find what kind of car you want and or need. Depending on what situation you’re in will determine your own personal wants or needs. Make sure you’re clear on exactly what it is you want. This way it will be much harder for a dealership to upsell you on anything or put you into something you don’t want. If your commute each day is within the city you may need a small car that is easy to park and can get you from point A to point B easily; although if your work makes you travel all over you may need a car that has good gas mileage. Find what you need and expect in a car and then start your car search. If you go out with the attitude that you’ll know what you’ll like when you see it then you leave yourself open to pay more than you really want to. Salesmen love people like this because they can tack on all sorts of extras on the back end that raises their commission.
After finding a car that appeals to your needs you should go to your bank or a credit union bank and apply for a car loan. If you get approved for the loan it will help you when you go to buy your car. Being approved for the loan means that your credit is well enough to try and finance a car. Although if the loans interest rates were much higher then you expected, you may want to go over your credit history and fix whatever is wrong with it so that the interest rates might lower for you. Getting approved in advance will only help you when you start talking to the salesman because you will be able to negotiate the interest rate on the car.
The next thing you should do after getting the loan is to price the car that you want. If you have a car that you would like to trade in then price that as well, Knowing how much your trade in is worth will help you to negotiate the amount you get for it. Also knowing how much the dealership is looking for the car you want and how much it is actually worth will help you possibly negotiate with the salesman about a slightly lower price. That is of course where the pre-approved loan will come in handy.
When searching for the car that you need be sure to look at several places. Looking online will make things a little easier since you can do it when you’re at home or even on your phone if you wanted to. Look at several websites and call them to make sure the car is still there. It will save you more time then going from one dealership to another. Honestly, before you go to any dealership with money in hand ready to buy a car, be sure they have the car you want at a price you can afford. Try not to let the monthly payments exceed 20% of your paychecks. That will make it to where you can defiantly afford to pay on the car. If the price is too high for you, keep searching until you find one you can afford. One thing that can help you is using the internet department of the dealerships this will assure that the price you see is the price you will pay for the car.
With buying a car new or used there are other fees that have to be paid: dealer handling fees, sales taxes, registration fees, and document fees. Be sure to ask the internet sales man or the sales man in person for a breakdown of all these fees. This will give you a basic amount of fees that you will have to pay to the dealership before you can take your car away. If the financing and fees look right with the price of the car you’re almost set to go, all that would be left is to sign the contract. Before you do that though, read what you’re signing. All lawyers say to read things before you accept, agree to, or sign it. Doing that means you know the full agreement your promising to uphold and if you don’t like something it mentions or states then you can ask about it. Once everything is settled all that is left for you to do is sign on the dotted line.
After signing the contract the dealer that sold you your new car may go with you to show you how a few things work. If it is a much newer model he would show you how to hook up your Smartphone to the Bluetooth in the car, or how to work the radio, even the camera that turns on when you back up. There are so many features in the newer cars that you may have never used before. I know you want to just get on the road with your new car but getting this tour will help you understand how to use it to the fullest with very little frustration. After the tour though feel free to cruise in your brand new ride.