5 Most Common Car Buying Mistakes
Buying a new car may look easy. But, is it really that easy? Customers tend to think they have got the best deal while they actually haven't. Don't be a loser. Be aware of the most common car buying mistakes and make sure not to repeat them. Here's an article on the 5 most common car buying mistakes. Read on!
Mistake 1. The Mistake made while Negotiating
If you think you're smart to get your new car for a little lesser than the sticker price, you actually aren't. Unless demand is greater than supply for the car you are looking to buy, you can negotiate much more and get the car at a lower price. Search on the Internet for the dealer prices, calculate around five per cent profit for the dealer and start negotiating with that price as base.
Mistake 2. Attracted towards the Low Monthly Payment?
The car dealer offers financing and some amount for your used car. He will perform the entire calculation all at once and project a very low monthly EMI that is certainly going to attract you. Don't fall for that low monthly payment. Instead focus on one thing at a time. Calculate the new car's price first and settle on it. Only after that should you discuss and negotiate on the financing and trade-in value, one thing at a time.
Mistake 3. Not giving Importance to the Test Drive
A beautiful car is surely going to appeal to you. But, don't just go by the looks. A car may look amazing on TV, in the brochure, or on the Internet. But, you would have to see the car yourself and experience it to know if it is works beautifully too. A test drive works best here! Do not skip the test drive at any cost lest you may regret later. You have a right to know before closing the deal if the car suits you and your family.
Mistake 4. Buying a Car Just because it Comes with Superb Offers
Offers come and offers go. But, should you really purchase a car that you don't really like because it comes attached with an amazing offer? A car happens to be the second major investment an Indian makes that comes only next to a house purchase. So, let not 0% per cent financing and heavy discounts on a car that doesn't move well in the market lure you. Read the car reviews and perform a complete search on the Internet to know thoroughly about the car you're looking to buy.
Mistake 5. Purchasing Unnecessary Accessories
It is the sales person's job to sell the product as best as he can. With your new car, the sales person is going to show you a few unnecessary car accessories and project them as important parts that your car cannot survive without. Don't go by those words. Had they been that important, the car maker wouldn't have manufactured the car without them, or you would have gone for a higher end version of the car. The accessories may cost just a few thousands extra, but why spend the amount on something you don't want? If you feel the need to purchase the product at a later stage, you can always buy the same product at a cheaper price off the shelf.
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