7 Car Buying Mistakes That Cost You

Everybody wants to have a car, but some of them do not even know how to choose the right car. Well, choosing a car is not a simple thing and it can be very difficult because you must consider the price and the reliability. However, some of the people also wish to have a cool car according to their personality. You may read these following car

buying mistakes which will make you disappointed because you have to pay for the car at a very high price.

They Forget to Conduct Online Research

Dealers want to get your money, so they will sell their cars as expensive as possible. Meanwhile, most of the buyers never check a reference for a car that they want to buy and they just come to the dealer. In fact, buyers can actually utilize online media to find information related to the car they want to purchase. So, this is the first mistake that buyers commonly make where they do not conduct online research. Actually, all buyers can do this simple thing to

check the model and make of the car along with checking the MSRP or check on Kelley Blue Book general price. When buyers consider this first mistake, they will not get a loss at all.

They Prefer to Buy a New Car than Used Car

It is undeniable that a new car will look good and shiny, but a new car is not always a good choice. In fact, there is an option that a buyer can buy a used car that still looks amazing as if it is new. Even though, buying a used car bring more risk than buying a new car, there is a standardization for a used car so it becomes valuable again. In this car, a

used car will be refurbished and refreshed so that it can be used again while a buyer will buy it at a more affordable price.

They Purchase Unnecessary Extras

You probably can get the right price for a new car that you want to purchase, but it is not the end because the salesman may offer you more extras that maybe not too important for you. Some of the unnecessary extras are including a premium sound system, extended warranty, premium tires, and much more. You need to think twice before taking those extras because you may not need them. Otherwise, you will only spend so much money on those

extras that you can actually get later on.

They Think in Term of Monthly Payment Instead of Price

Most of the buyers will consider monthly payment as the most important thing and they rarely see the price of a car. Of course, the dealer will be happy if you prefer monthly payment when buying a car. But, you may not realize that the car will be so much expensive if you purchase the car using the auto loan payment plan. Though it looks affordable, if you calculate the payment, it will cost more than the price of the car. You have to hire your cards when dealing with monthly payment because dealers may trap you so that they can take your money as much as possible.

They Never Think of Car Ownership Total Cost

Actually, the basic price of the car you buy is not the exact price that you have to pay because there are other out of pocket expenses that you may spend such as insurance, fuel, as well as depreciation. Those can be big matters when you calculate the whole expenditures of car ownership. In this case, you may refer to the information of Kelley Blue Book’s 5-Year Cost to Own in which you can calculate the entire costs that you will spend when you have a car including the repair and maintenance service as well as the insurance fee and fuel.

They Forget to Conduct a Final Check of the Agreement

Verbal negotiation is actually not the last agreement between you and the dealer because you also need to sign the paper. But, most car buyers fail to commit a final check before signing and they do not read the paper before signing. In fact, some of the agreements may be different from the information that you get verbally from the dealer. It is like a trap so that you buy the car while they will get more profit. So, it is very important to check the paper of the agreement before signing whether it is just the same as what the dealer tells you.

They Usually Forget to Consult Friends and Family

You may want to make a surprise for your family members and friends that you finally have a car. But, this is actually not right because you may not know the best car that you want to buy. So, it is better if you try to consult your family first or your friends before buying the car just in case they know a good dealership that sells affordable cars. Usually, your family member may get a commission when they recommend somebody to buy a car in a certain dealer.

Finally, a car is not a cheap item because you have to work for months so that you can buy one car. So, you have to prepare everything before buying and you have to know the right car which you want to purchase. Otherwise, you will regret it because you buy a bad car and has bad resale value.