The time is finally here: you’re buying your first car. This is a huge accomplishment, and we’re proud of you! That’s why we want to make purchasing a car much easier. Buying a vehicle requires lots of research, negotiating, and calculating to ensure that you’re within your budget and know what to expect when signing the contract. However, when purchasing a vehicle, there are a few things auto dealers won’t tell you because they want to take advantage of your excitement. Here are the things they don’t tell you as a first-time car buyer.
You Can Negotiate the Price
Did you know that you can negotiate the price of the car? Whether you’re buying used or brand-new, you can save a good amount of money from the asking price. To help win this barter, you should research the vehicle’s value across multiple car dealerships and private dealerships. Think about extras included, like the leather seats or a high-quality sound system with GPS included.
If you’re buying a used vehicle, find any flaws and use them to your advantage. It would also help to research the car’s value to see what other private dealers are selling it for. That way, you will know if you’re lowballing or if the dealer marked up the price.
Don’t Accept Long-Term Financing
Another thing dealerships won’t tell first-time car buyers is that long-term finances are not the way to go. Although 72 months sounds alluring due to the lower monthly payments, it will increase the overall cost of the vehicle. To get the most bang for your buck, purchase a less-expensive car and save up for a larger down payment. That way, you will have a shorter finance term and lower monthly payments.
Get an Independent Car Inspection
If you’re purchasing a used car from a used car dealership or private party, you should have the vehicle inspected by an independent company. Anyone can clean a car and make it look great to hide the many flaws beneath the surface.
Unless you’re mechanically savvy, you may not know what to look for, so it’s important to inspect the car before purchasing. You should also test drive the vehicle to make sure that this car is the perfect fit. If you’re not comfortable in it, you should continue your search.
Comprehend Before You Sign
Before you sign anything, you should know the dotted line’s terms and conditions. This means understanding auto insurance policies as a first-time buyer and auto finance contracts. Considering how much time you spend finding the perfect car, you’re likely eager to sign immediately. However, you should read the fine text to see if you’re getting what you asked for. Some auto dealers will take advantage of first-car buyers because they know you’re excited to sign.
