7 Mistakes To Avoid When Buying A Car
Buying a car can be a stressful period in anyone’s life, but with proper planning and research you can make this an enjoyable experience. By avoiding these 7 mistakes you will be sure to find the perfect car for you.
1. Failing to do research before looking for a car.
Researching the car you want on the internet before visiting car dealerships is essential when you’re in the car buying process. However, this step is often overlooked by many.
Start by comparing models and learning what different terms mean. Often between manufacturers, terms have different names but refer to the same thing. Make notes on prices for various models and what extras these include.
2. Buying More Car Than You Need.
It is essential before you decide on the type of car you want to purchase to work out what your needs are. If you’re just looking for a car to get you to work or the grocery store, then chances are you won’t need a 4WD.
By being clear about your needs before you head off looking for the perfect car, you will decrease the chances of making an impulse purchase.
At Motor Brokers we are experienced in helping customers to find the perfect car for their needs and budget. So if you’re unsure what is out there for you, make contact with us and let us assist you.
3. Not being prepared to negotiate on price.
Many people see the asking price sitting on the window of a car and not realise that is the price point to start negotiations. You could save yourself thousands of dollars simply by being prepared to negotiate. If negotiating on price isn’t something you feel comfortable with (and it’s ok, many people don’t!), Motor Brokers are here to assist you. We can negotiate across a range of dealerships to locate and find the best deal on the car you want.
4. Buying dealer extras
Optional extras and accessories are a great profit for the dealer, however for the car buyer can be a waste of money. While these extras are often presented to you as essentials to care for your vehicle, they are often over-priced and best sourced yourself after purchase.
5. Not Shopping Around For Finance
A big mistake for many in the market for a new car, is to not shop around for finance and use the dealer’s finance instead. The car finance industry is a highly competitive market, and deals can vary dealer to dealer. Banks and credit unions also have great rates for car buyers and should be investigated before even visiting a dealership. By doing this prior, you will also know what you can afford to spend and not drawn into a purchase you possible cannot afford.
6. Rushing Into A Purchase
Car salespeople love nothing more than a customer wanting to rush through a purchase. They know that these people won’t be searching around for the best bargain and that their commission on the sale will be easily made.
Don’t be pressured into a purchase either. If you’re feeling pressured and worried that you might not be getting the best deal, take a step back. Assess the deal offered and shop around. Chances are if you come back to the original deal it will still be on offer for you
7. Choosing To Not Get A Vehicle Information Report
By not requesting a Vehicle Information Report you’re putting the hard earned money you have placed into your car at risk of being lost if the car is stolen, has money owing on it, or has had the odometer wound back on it.
These are not risks you wish to take on such a big purchase. However, many people still fail to make this mistake and sadly, many get caught out and have their car ending up being a lemon or repossessed.