Friday, January 1, 2010

Car buying mistakes of the New Year


You are looking at the internet, scanning the newspaper and notice all the ads for “New year special car buying deals”, and it can be a bit exciting thinking you are getting such a good deal. All the hype can also cloud your mind when choosing the right car for you and your family.

Many consumers make mistakes when purchasing a used or new vehicle, mistakes they might regret later down the line. Purchasing a new or used car can be a complex process so make sure you do not make mistakes that often time buyers do.
  • Don’t just “fall in love” with a certain model vehicle. Have an open mind to alternate models and focus on value and accessing what your true needs and wants are. You can “fall in love” later. Check new car reviews.
  • Don’t skip the “test drive”, this is one major mistake that will create “buyer’s remorse” later on down the road.
  • Make sure you negotiate the price. Don’t walk into a Car dealership and expect the best price right off the bat. Secure your investment by talking with the salesman and seeing what the best price is and what are all your options, and this can be a bit time consuming.
  • Don’t focus primarily on your monthly payment, look at the car as your long term investment. Weigh your options of leasing or buying and then make your decision based on your deal that you have negotiated.
  • Don’t focus on the “deal" you think you are receiving on the vehicle, focus on what you need for you and your family and the investment you are making.
  • No need for all the new “bells and whistles”, those can lead to additional expenses and ones that we might not ever use on down the road.
  • Make sure you check your trade in value and do your research. Check the Kelly Blue Book value and have your paperwork in hand when you enter the car dealership.
  • Most importantly, make sure you have time to sit down and talk and are comfortable at the car dealership you have chosen to work with. Choose a local car dealership that you trust and can visit close to your home or office.
This is a very time consuming event, buying a new or used car so take your time, enjoy the experience and feel great about your choice when you leave.

Hoyte Dodge Chrysler Jeep wishes you and your family a wonderful New Year!

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