Lu Mohamad (AycockThomson5)
When many people buy a car, they come into the process unarmed. They lack the advice needed to make the situation lean in their favor. Not you, as you've found this article and plan to read it in full so you can absorb all the ideas listed below to make buying a car easy.
If you are in the market for a used car, you should always get a CarFax report. The CarFax report will let you know if the car has been in an accident. If the car has been in an accident, you probably want to keep searching and not buy that car.
Take care of financing before you get to the dealer. can be done at your credit union or bank. They will offer you lower interest rates if you show up in person, plus you can use their offers to bargain with the dealership, too.
If you don't think that you can stay away from the pressure during any sales pitches, you shouldn't go shopping alone for a vehicle. Ask a loved one to help you stay strong. Tell this person what you want and how much you can spend.
Plan on going car shopping during the last week of the month. Most car dealerships have monthly quotas they must reach. At month's end, quotas may not have been met yet, and under-performing salesmen will be eager to negotiate.
Never agree to pay the asking price! There are few cars for sale out there that do not have some room for negotiation in the price. When you have researched the vehicle, inspected it and given it your approval, negotiate the final price based off your findings. Do not settle on a price until you are happy with your investment.
Financing is often more affordable when you get it from an institution other than the dealership themselves. The rates they offer aren't great, but they're sometimes open to lending you money when your credit is bad, unlike a bank. Check out all of your financing options and find out how much you'll be approved for before you approach the lot.
Offer to purchase a car on the spot if the dealer will meet your price requirements. Offer a price that is reasonable, usually at or slightly above invoice. Come armed with information about how you came to this price, and ask for a commitment in writing that they agree to it.
You should never even consider purchasing a car before you test drive it. In fact, before giving a test drive and general overview of the car, you need to assume it is horrible. The car needs to prove itself to you, so don't fall in love with a specific car and then try to justify its value.
Now that you've taken all of this knowledge in, you know what you have to do next. Approach that car lot with confidence as you know you have the advice needed to be successful. Once you arrive, you'll take charge of the situation and come out on top in the best car ever.
