All posts tagged auto buying

Car Shopping: Tips and Tricks to Get You on the Road Fast

Car buying isn’t always an enjoyable process. Some salespeople won’t even let you get out of your current car before they are trying to sell you another one you don’t want. Going to the dealership with a plan in place will smooth things out and allow you to find the car you can truly be excited about buying.  This is something that most people desire when they buy a new car.

Test Drive

After searching online for the type of car you want, you need to test drive it to make sure it is as good a car on the road as it is on paper. Narrow down the field to two or three prospective cars you’re really interested in so that you have an organized plan.  When buying a car, you need to be shrewd, as in, picky. Test drive all of the cars to see how they handle different road conditions such as stop-and-go traffic, braking quickly, and acceleration. You should also think about how expensive they are to maintain. You might get a good deal to start with, but if it needs uncommon parts and requires lots of repair, it might be more money than it’s worth.

Pre-Approval

Once you have determined your budget for the monthly payments, it is a good idea to get pre-approval from a few lenders. If you have a less than perfect credit history, try to find a bank that is more lenient on their criteria. There are lenders out there that are willing to work with people who need a second chance to get a new vehicle. Having the pre-approval before you go to the dealership will provide you with some negotiating power.  Credit reporting data is an aspect of business that is integral to auto dealers. For instance, NCC Direct, Inc. realizes that the more accurate the data, the more sales and higher profit margins will result.  This makes it easier for auto dealers to help their customers.

Time of Year

Towards the second half of the year, dealerships are looking to get rid of the older models to make room for the new ones. They are more amenable to working out a lower price when it is prudent for the car to get off the lot. You can also get a great deal if you go at the end of the month any time of the year when the salesperson is trying to meet their monthly quota.

When you decide it’s time to get a new car, it shouldn’t be met with a groan. Getting a new car should be a pleasant and happy experience. Doing your due diligence at home to get the best car loan for you, going to the dealership at the right time of month and year, and testing out your top picks will increase the odds that you leave in your fresh new car with a smile on your face.

The Most Common Costly Mistakes People Make When Buying A Car

Shopping for a car can be both a stressful and exciting experience. A smart purchase involves the right preparation. Here are blunders people make that can dent a buyer’s wallet.

They don’t consider a used car

A new car will lose much of its value in the first year of ownership. A vehicle goes through a meticulous inspection to qualify for certification. Manufacturers evaluate physical condition, mechanical quality, and mileage. Cars chosen are less likely to need repairs down the road. A new car warranty ends at a certain age or mileage. Conversely, a certified warranty extends coverage beyond an original warranty’s expiration. If you buy a used car, consider the fuel economy, extra safety features, and look for cars with less mileage.

They forget to factor insurance costs

People often lose sight of this necessity in the car-buying process. However, insurance will add to your total cost. Call your insurance agent once you’ve narrowed your choices down to a few different makes and models. You may be able to save money with a particular trim level or engine size. The car size, make, and model can dramatically impact insurance premiums. A more expensive car is likely to render a higher premium. It also pays to comparison-shop auto insurers.

They don’t conduct a thorough test drive

DME Automotive reports that one in six buyers doesn’t perform a test drive. Roughly 30 percent take only a 10-minute stint around the block. However, this doesn’t provide a complete demonstration of the car’s overall behavior. Consider how you intend to use a car and whether a particular vehicle will meet your needs. Make a checklist of "must-have" features, and run through it during the test drive.

They omit doing vehicle research

Many people approach car shopping with vague ideas of what they want and how much they can afford. Using the internet to glean information equips you with bargaining power. You’ll have the buyer’s advantage with an online comparison of makes, models, reviews, road tests, and pricing. If you’re aiming to buy a used car, doing a VIN search is vital. A Vehicle Identification Number is your ticket to obtaining histories regarding title, accidents, leasing, mileage, and maintenance. You can quickly get a car history report on Instavin.

They succumb to sales pressure

It’s common for a salesperson to leave the negotiating table and speak to a manager, supposedly to get you a better deal. Upon returning, you may be told that a price reduction is only possible with an on-the-spot commitment. If you’re subject to this tactic, consider it a warning sign. If you’re confronted with mounting pressure to buy, tell the salesperson you’re uncomfortable and get up to leave. This will save you from being intimated into making a deal that you need to sleep on.

Save money, time, effort and stress by avoiding these car-buying blunders. It’s important to do your own research and know your budget before making a decision on car.

5 Important Tips to Follow When Buying Your Next Vehicle

Buying a car involves a major investment. By educating yourself on the buying process and its risks, you can avoid making serious mistakes. Here are five tips to help you buy your next vehicle.

Figure Out What You Need

What kind of car is right for you? You will have to look at your driving habits and at your budget. Consider factors like the number of passengers that you have on a regular basis as well as at the amount of cargo that you typically carry. If you carry lots of people and cargo, you may want to focus your search on SUVs and minivans. If the cargo that you carry is often too big to fit inside a standard vehicle, consider a pickup truck.

Keep your preferred driving experience in mind as well. Consider whether you want a car that is sporty and fun to drive like a coupe or one that offers practical benefits such as a sedan. You may be able to find a compromise between those two options. In order to simplify the decision-making process, browse the inventories of auto dealers like Chuck Colvin Ford Nissan.

Plan Your Dealership Visit

Your first visit to the dealership should be done with the intent to look, not to buy. Make it clear to salespeople that you have no intention of buying and resist any attempts to talk you into a deal. Spend some time inspecting vehicles, both inside and out. Look at the color and for signs that vehicle has more miles on it than has been stated. On the inside, consider the quietness of the cabin and the ease with which the controls are operated.

Look into the Costs of Ownership

Once you have decided on a particular vehicle, look into how much it costs to own it. The fact is that there is more to a car’s cost than the car payment.

Test Drive the Car

It is essential to get a feel for the car while it is moving. Remember that the car should be considered alongside other new vehicles and not the car that you presently own. This is because a new car is likely to be better than your present car and may cause you to be overly impressed. Consider factors like ride comfort and how the vehicle accelerates.

Get Ready to Negotiate

Before you visit your dealer with the intention of buying, you should research both the dealer and the car that you want. More information equals more bargaining power.

Given the size of a car purchase, it is important that you enter the transaction as a knowledgeable consumer. Research and planning are essential. Follow the above tips and take your time when going through the buying process.

Six Things To Consider Before Buying A New Car

Whatever you financial situation, investing in a new car is never a small matter. Due to the fact that new cars lose a substantial amount of value the moment they are driven off of the lot, you can never be sure that you are making a sound financial investment without having the right information in hand first. By understanding the right questions to ask at the time of purchase, you can be assured that you are purchasing a winner.

All Charges Considered

Many deals can look very good on the surface. However, hidden charges often abound when it comes to purchasing a new vehicle. Maintain complete transparency when it comes to the price you will be paying by considering every fee that will apply to the deal. Negotiations typically include only the price of the car. Figure out what the total cost will be to drive off of the lot by exploring the fees related to documentation, sales tax, registration, and other hidden charges that are in the interest of the dealer.

The Car You Are Actually Buying

The majority of cars on the showroom floor are outfitted with additional add-ons and options. It is not unusual for dealers to package these extras into the deal in order to raise profits. Insist that all information related to upgrades is disclosed before finalizing the purchase. The most common features to fall into this category include mud flaps, alarm systems, and vehicle-recovery systems. Buyers also regularly encounter “paint-protection” packages and other unnecessary, costly warranties.

Details Matter

It is standard for dealers to charge a fee for documenting the purchase. However, this fee for filling out paperwork related to the purchase is not standardized for all organizations. This fee can range between $100 and $600. Some states cap these charges by law. These charges are negotiable in almost all cases. Address the issue early in negotiations in order to keep your costs to a minimum.

Online Purchases

It is not unusual for buyers today to purchase vehicles through online sources without ever actually seeing the vehicle in person. In these cases, there are several considerations that come into play. Be sure that you are made aware of the number of miles on the vehicle. Not all new cars come with a flawless odometer. It is also wise to explore your options for vehicle delivery. This option can be included at the conclusion of negotiations in order to save a little extra money when it comes to gas and visiting the actual dealership.

Loans and Interest Rates

It is important to know every detail of a dealer-provided loan. Be completely aware of the additional costs and terms of the loan before making all agreements. When looking at the raw numbers, applying for a loan in order to purchase a new car is best done though a neutral, third-party entity.

Stand Your Ground

It is important to let a salesman know that you are prepared to walk away from a deal no matter how good it is on the surface. Ask them directly what the best possible offer is that they can give to you directly. This tactic almost always ensures a better price at the bottom line.

Purchasing a new car can be less stressful with these tips. Consider looking online to read more about the vehicle you are interested in.

Informational credit to Expressway Dodge.

New Car Smell: What to Know Before You Buy

Most people are super excited when they finally get the opportunity to purchase a new car. It’s an opportunity to upgrade and finally get all the features you’ve wanted, but you also have so many factors to think about before you decide. Before you start to budget, here are a few things that you should know before buying a new ride. 

Cost of Insurance

Some car buyers forget to research the cost of insurance. Before signing your name on any paperwork, it is always a good idea to get a quote from your insurance provider. While the insurance for one particular vehicle may cost around $100 a month, the insurance rates for a similar vehicle may be $150 a month. This is a cost difference of $600 a year. Make sure you have all their information before making a final decision.

Long-Term Reliability

The reliability of a vehicle is a very important quality. Although some vehicles will deliver years of trouble-free service, there are others that will need major repair work in the future. Remember, most car warranties last between 60,000 and 100,000 miles. After the warranty period ends, you will have to cover the cost of getting your vehicle repaired. When reading through the reviews for a vehicle, be on the lookout for common problem areas. 

Budget

Never go shopping for a car without first developing a budget. If the payments for a vehicle exceed 20 percent of your monthly income, you should seek a more affordable alternative. Some dealerships offer free maintenance for a year, which will help you to save a lot of cash. When outlining your budget, do not forget to factor in the cost of fuel each month. 

VIN Check

If you decide to purchase a pre-owned vehicle, be sure to always check the car’s vehicle identification number. According to Instavin, a VIN check gives you complete access to the vehicle’s history. In the event that the vehicle was involved in a major accident or natural disaster, a free VIN check should reveal the facts. 

Optional Features

Most new vehicles are offered with several optional features. In most instances, the optional equipment will cause the total cost of the vehicle to increase. Luckily, most insurance companies provide discounts for vehicles that are equipped with upgraded safety features. Ask your dealer what is included in the total cost.

Trade-In Value

You may consider trading in your old ride. However, don’t expect the dealership to give you top dollar for your ride. Try placing an ad on Craigslist before attempting to negotiate with the dealership. If the car is not worth much money, you may want to just keep it as a backup vehicle. 

When shopping for a new ride, remember to do your homework before making a final decision. The last thing you want is be stuck with an expensive lemon.